Friday 19th December 2014                 Change text size:

pounds stacked by Images of Money via Flickr

European Investment Bank issues €500m climate awareness bond

The European Investment Bank (EIB) has issued a €500 million (£397m) climate awareness bond that will reach maturity in 2026 and carries an annual coupon on 1.25%. Since 2007 EIB climate awareness bonds have raised €6.2 billion (£4.9bn), demonstrating the growing demand for ethical bonds. The 12 year bond...


Photo: Images of Money via Flickr

Radio Taxis Credit Union votes to merge with London Capital

Two London credit unions are to merge and create one of the largest such organisations in England, joining together some 11,000 members. Earlier this week, members of Radio Taxis Credit Union voted unanimously to merge with London Capital Credit Union, in a move that will create a new organization...


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Study links high ESG ratings to positive investment portfolio performance

Asset managers can create better-performing portfolios by excluding stocks with lower environmental, social and governance (ESG) ratings, according to new research. The study by New Amsterdam Partners used the Thomson Reuters Corporate Responsibility Ratings, which screens the ESG ratings of almost 5,000 companies. Analysts compared randomly selected, equally weighted portfolios...


Ban ki-moon BY Control Arms via Flickr

Ban Ki-moon: world must act on climate change now

UN secretary-general Ban Ki-moon has expressed his concern that the world is not acting fast enough to mitigate climate change, ahead of a UN climate summit set to be attended by world leaders this month. The secretary-general said that climate change has been one of his top priorities since...


wind turbine by Colin Brough via Freeimages

Green Port Hull wind turbine manufacturing plans approved by council

Plans to build a new wind turbine production and installation facility in Hull have received approval from Hull City Council’s Planning Committee. In March, Siemens and the Associated British Ports (ABP) announced a joint investment of £310 million in the project. The firms have said that the project will...


Photo: Andrea Parrish Geyer via Flickr

Trillion Fund to host solar powered renewable energy investment party

Vivienne Westwood and Trillion Fund have invited prospective renewable energy investors to a unique solar powered party in London on Thursday, with ticket sales closing at midnight tonight. The unique OFFtheGRID event will offer guests the opportunity to invest in three crowdfunded renewable energy projects, alongside sustainably powered music,...


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New responsible investment tool launched by Thomson Reuters

Thomson Reuters has launched a new set of indices that will measure environmental, social and governance (ESG) practices at European companies. They become the latest of several tools launched in recent years to aid responsible investors, as the sector moves into the mainstream. The four indices will be part...


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HSBC could be exposed to ‘fine inflation’, warns Neil Woodford

Renowned fund manager Neil Woodford, who left Invesco Perpetual to start Woodford Investment Management earlier this year, has revealed he has sold all of his stock in HSBC due to the bank’s exposure to increasing fines for past wrongdoings. In recent years, banks have faced increasing fines from regulators...


china shanghai by BriYYZ via Flickr

China to pursue national carbon market to cut record emissions

China, the world’s largest polluter, has confirmed plans to set regional caps and launch pilot programs that will establish trading rights linked to carbon emissions, to balance pollution with economic growth. Authorities have chosen seven cities and provinces, including Beijing, Shanghai and Guangdong, to act as pilots for the...


richard branson by Jeff Rizzo via flickr

Sir Richard Branson set for Virgin Banking float worth £2bn

Virgin’s banking arm, estimated to be worth £2 billion by city insiders, is set to be floated on the financial markets later this year, with some hinting that the launch will come as early as October. Richard Branson’s banking firm has been performing strongly this year, with the launch...


World Bank - 401(k)2013 via Flickr

2.5 million PPI claims reopened following FCA inquiry

High street banks in the UK have been forced to reopen 2.5 million PPI mis-selling complaints after the Financial Conduct Authority (FCA) found affected customers had been underpaid or had their cases unfairly rejected. The FCA is looking at cases particularly from 2012 and 2013, after numerous investigations concluded...


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IEA: policy uncertainty to impact on pace of renewable investment

The amount of money invested in renewables could decrease in the years ahead because of policy uncertainty, the International Energy Agency (IEA) has warned in a new report. Through to 2020, the IEA estimates that investment in new renewable power capacity will average around $230 billion (£138bn) annually, lower...


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Small business lending under flagship scheme falls

Figures from the Bank of England have revealed that lending to small and medium sized enterprises (SME) through the government’s flagship Funding for Lending (FLS) scheme fell again in the second quarter of 2014. Lending under the scheme fell by £435 million after banks collectively drew down £3.2 billion...


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IEA: renewable power capacity grew at fastest pace in 2013

Last year global capacity for renewable power grew at its fastest pace to date, with almost 22% of power generation coming from clean sources, data in a report from the International energy Agency (IEA) has revealed. In 2013 global renewable electricity generation rose by an estimated 240 terawatt hours...


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Yale committee fails to back fossil fuel divestment

The Yale Corporation’s Committee on Investor Responsibility (CCIR) has not recommended that the Ivy League school divests from fossil fuels, despite pressure from students. Instead shareholder proxy voting guidelines on climate change will be adopted. A survey conducted last year found that 83% of students at Yale University would...



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