Finance & Investment
The latest in the spheres of socially responsible investing, impact investing, and other ways investors and shareholders are asserting their desire for ethical investment options.
Calvert Foundation Launches Capital Aggregation to Catalyze Impact Investing
Global financial institution Calvert Foundation has announced a new business line, Capital Aggregation, designed to pool capital from multiple institutional and accredited investors, in the form of syndications and participations in fixed income transactions, to enable investment at scale in mission-driven organizations.
Triodos Bank Is Taking Sustainable Banking Mainstream in the UK
Following the announcement of Philips’ new sustainability-driven revolving credit facility, Dutch banking group Triodos has launched a personal current account in the UK in response to a growing demand for responsible banking products. “Our new personal account brings an inspiring new option to the UK current account market, which we believe is dysfunctional and is obviously dominated by a small number of large banks,” said Bevis Watts, Managing Director of Triodos UK.
Lack of Transparency, Climate Action Putting $4.5T in Global Assets at Risk
Long-term climate change risks are increasingly informing financial decisions for the world’s biggest investors says a recent report from the London-based Asset Owners Disclosure Project (AODP). Yet, a considerable number of companies in the financial sector, particularly in North America, Asia and the Middle East, show no evidence of any action to address climate change, putting $4.5 trillion in global assets at risk.
Philips' Sustainability Performance Influences Interest Rate for New Revolving Credit Facility
Royal Philips (Philips), a leader in health technology, has announced an agreement with a consortium of sixteen banks for a new €1 billion Revolving Credit Facility with an interest rate that will be dependent on the company’s year-on-year sustainability performance improvement.
New Guide Helps Investors 'Make a Clean Break' from Fossil Fuels
Green Century Capital Management, in collaboration with Trillium Asset Management and 350.org, has released a new fossil fuel-free investing guide for environmentally and socially conscious investors. Make a Clean Break: Your Guide to Fossil Fuel Free Investing — an update to previous versions released in 2014 and 2013 — provides improved insights and analysis about the potential financial advantages of eliminating fossil fuel corporations from investment portfolios and reinvesting