Tag: green finance

This is the first time in its 15-year history, that the environment is at the top of list of issues likely to have a major impact over the next decade, as a year of extreme weather events and growing evidence of global heating catapulted the climate emergency to the top of the list of issues worrying the world’s elite.

Japanese MOL announced it has signed its first green loan, to partially finance the construction of its LNG bunkering vessel, what it claims to be the world's largest. French bank BNP Paribas (BNPP) and the Export-Import Bank of China (CEXIM) will provide the loan. 

On 12 December, the European Commission will present the European Green Deal as part of its plan to be the first climate neutral continent by 2050, announced the European Commission's recently-elected President, Ursula von der Leyen, on the sidelines of COP 25 underway in Madrid. 

Japanese shipping company NYK announced it has secured a syndicated sustainability-linked loan, Japan's first advanced loan that allows for conditions such as the loan’s interest rate to be adjusted according to the borrower’s CSR performance.

The European Union along with its officials are making their efforts to advance the green investments in Europe, by bringing to the table the idea of easing the EU banking rules. The idea highlights the environmental ambitions of the next European Commission and the EU’s executive, which is going to be voted for a five-year term the following Wednesday, 4 December.

J.P. Morgan Asset Management joins the shipping community urging shipowners to be in line with the upcoming environmental measures beginning in 2020 and extending to 2050, that aim to reduce shipping emissions, Wall Street Journal reports.

Dutch group SBM Offshore announced it has completed the project financing of FPSO Liza Unity by a consortium of nine international banks, for a total of US$1.14 billion. The company expects to draw the loan in full, phased over the construction period of the FPSO.

Sweden ranks at the top of the ten countries reported to be the most ready for energy transition, according to World Economic Forum’s Energy Transition Index (ETI), comparing the energy sectors of 115 countries and analyzing their readiness for energy transition.

Japanese NYK announced it has secured a 9 billion yen syndicated loan agreement with MUFG Bank Ltd., with the aim to install scrubbers. This forms part of NYK’s medium-term management plan, which includes the group’s intent to integrate environmental, social, and governance (ESG) initiatives into management.

Canada Pension Plan Investment Board (CPPIB) issued its first Euro-denominated Green Bond. The sale of €1 billion in 10-year fixed-rate notes will enable CPPIB to invest further in eligible assets such as renewables. Among the Green Bond-eligible investments recently made by CPPIB is a joint venture in renewable power and offshore wind assets.