green finance

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CISL's findings indicate that in some developing nations, 100% of losses caused by natural disasters were not covered by insurance

Reports: Policy support for climate adaptation investments 'insufficient'

Insufficient policy support has left investors and lenders across the world struggling to identify, measure and adapt to climate challenges relevant to their portfolios, a pair of new reports have found.

Of the 143 targets considered relevant to the domestic delivery of the SDGs, a report notes that the UK is only performing well on 24% of its targets

UK Government urged to increase engagement with the SDGs

The CBI and International Chamber of Commerce (ICC) have called on the UK Government to create "clear definitions" and communication plans to act on the UN Sustainable Development Goals (SDGs), using access to green finance to mobilise private sector action.

BlackRock's new report charts the rapid growth of green finance in the US and EU since 2013

Sustainable investing is finally 'going mainstream', BlackRock claims

As concerns that the next financial crash may be climate-related grow, impact investment and green finance products are "going mainstream" and ceasing to be classed as a "niche" area, global investment management firm BlackRock has claimed.

The Forum's founding firms have issued two-thirds of Europe's green bonds by volume

Major utilities team up to launch sustainable finance hub for European businesses

Utility giants EDF, SSE and Ørsted are among the 16 companies which have co-founded a new forum aimed at helping Europe's business community champion sustainable finance and impact investing.

The EIB has issued more than €23bn (£20bn) through Climate Awareness Bonds since 2007

European Investment Bank to face legal action over biomass loan

The world's largest multilateral finance firm is set to be taken to the European Union's highest court later this year, after green campaigners argued its decision to loan €60m (£53m) to developers building a biomass facility in Spain.

Reflections from COP24

It's was an interesting week at what was perhaps the most important UN conference since the Paris 2015 deal.

Banking giants pledge to align investment portfolios with Paris Agreement

BBVA, BNP Paribas, Standard Chartered and Société Générale have pledged to measure the climate-related impacts of their lending portfolios and assist companies they invest in with aligning their respective sustainability strategies with the Paris Agreement goals.

The bond will be used to finance renewables and built environment projects

How ING achieved boardroom buy-in to launch its second green bond

EXCLUSIVE: Banking giant ING was able to launch its second green bond earlier this month due to its past experience in structuring external green bonds for sustainability-conscious clients, the firm's global head of sustainable finance Leonie Schreve has claimed.

None of the companies surveyed by Pinsent Masons were able to confirm specific targets for decarbonising their own operations

Report: Just 5% of UK pension funds possess a climate change policy

Just 5% of the UK's largest pension fund managers have a specific policy on climate change in place, despite almost three-quarters (74%) claiming to acknowledge the risks that climate challenges pose to the finance sector.

Ministers have accepted proposals to improve pension fund governance

Government snubs MPs' calls for mandatory climate-risk reporting

Ministers have rejected recommendations from MPs to introduce mandatory climate-related financial disclosures for large firms and asset owners.

edie brings you the latest green business reaction after Chancellor Philip Hammond unveiled the Autumn Budget for 2018

Autumn Budget 2018: Live green economy reaction

After Chancellor Philip Hammond opened his red budget box to detail a tax on plastics and a carbon price freeze, edie rounds up what key green economy leaders are making of the new financial measures for low-carbon innovations and resource efficiency.

Abundance has more than 5,000 customers and has raised £77m to help finance 34 projects tailored towards low-carbon innovation and social action

Abundance Investment targets new shareholders to accelerate green project financing

Peer-to-peer finance platform Abundance Investment looks set to accelerate demand for environmental and social projects across the UK, by increasing its number of small shareholders 10-fold.

The funding will be used for both low-carbon technology projects and climate resilience and mitigation efforts

UN pledges $1bn investment to drive climate action in developing nations

Members of the UN’s Green Climate Fund (GCF) have this week approved more than $1bn of funding for 19 projects supporting climate action in developing countries.

The Government will publish the UK’s first ever Green Finance Strategy in Spring 2019

Clean Growth Fund spearheads Government's green finance commitments

As part of Green GB Week, the UK Government has announced a new £40m venture capital fund to help bring innovative clean technologies to market.

London was ranked among the six centres most likely to grow across the rankings over the next two to three years

London slides down rankings for global green finance leaders

London has dropped from first to third place in a global ranking of the world's "greenest" financial centres, with ties to “legacy assets” focusing on “non-green” financial offerings impacting its score.

UBS surveyed 5,300 millionaires with at least $1m in investable assets each in a bid to track global green finance trends

UBS: UK investors 'more cautious' on sustainable finance than global peers

A new report from UBS has found that UK investors have been more cautious to integrate sustainable financial products into their portfolios, largely due to the uncertainties of Brexit.

The bank will track the technology shift needed to decarbonise the world's most carbon-heavy sectors in line with the Paris Agreement goals

ING to align £450bn investment portfolio with Paris Agreement goals

ING has revealed that it will work with the companies covered by its £456m ($600bn) green investment portfolio to help align their respective sustainability strategies with the aims of the Paris Agreement.

The Unfriend Coal briefing has been published during a global reinsurance conference in Monte Carlo, in a bid to drive coal divestment image: Marion Esnault

Fresh warnings over lack of climate action across finance sector

The reinsurance and pension fund sectors are failing to progress the finance sector towards key climate goals by continuing to invest in coal projects over low-carbon alternatives, two reports have claimed.

The London Stock Exchange is currently home to 78 green bonds which have raised more than $24.5bn

City of London Corporation invests £2m in UK's Green Finance Institute

The City of London Corporation has pledged to invest £2m in the UK's new Green Finance Institute once the new body launches next year.

Triodos Bank believes the study proves that • millennials are driving a new ‘resist investing’ trend

UK's ethical investment market to reach £48bn by 2027

An increased focus on sustainability within the UK's investment community will result in the national socially responsible investing (SRI) market growing by 173% by 2027 to reach £48bn.

The first seven-year bond was priced at SEK1bn (£85m)

The World Bank to launch world's first sustainable water bond

The World Bank has revealed plans to launch the world's first series of bonds aimed at advancing water and ocean stewardship and has priced the first bond at SEK1bn (£85m).

The first green bond, worth €600m, was issued last year

SSE issues second green bond to fund renewable sector

SSE has issued a second green bond worth €650m, confirming the big six supplier as the largest issuer of green bonds from the UK corporate sector.

The report calls for a string of global policy changes in order to mobilise the amount of investment needed to reach the aims of the SDGs

Report: Global green finance levels insufficient to underpin SDGs

Despite strong growth in the green finance market in recent times, the current global economic system will not be able to underpin the level of public and private financing needed to meet the United Nations' (UN) Sustainable Development Goals (SDGs).

Moody's Corporation integrated TCFD recommendations throughout its governance and reporting framework after its chief credit officer was invited to sit on the TCFD board

How the TCFD recommendations are reshaping Moody's CSR efforts

EXCLUSIVE: Moody's Corporation's global head of CSR Arlene Isaacs-Lowe believes that adopting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) has enabled the company to become green finance "standard-setters" and champion the benefits of transparency to the wider industry.

None of the financial services firms surveyed placed high importance on air emissions in their annual reporting

Finance firms 'slowest' TCFD signatories to report climate impacts

Financial services firms that have committed to the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations tend to be less transparent in disclosing their climate impacts than TCFD signatories from other industries, a new study has revealed.

Taking the measure of sustainability

Managing what you measure remains as true a maxim as ever in the world of sustainability, especially given the additional impetus provided to governments, businesses and civil society by the UN's Sustainable Development Goals (SDGs). However, measuring progress on sustainability - whether for businesses or cities - is a complex task.