Finance

green economy investment illustration

“Unprecedented” numbers of investors call for climate action

A global coalition of 288 institutional investors with $26 trillion (AU$34.1 trillion) in assets under management, including 23 Australian investors with close to $2 trillion in assets, have issued a call to leaders at the G7 meeting in Canada this week to step up action on climate change.

ASX

Alphinity adds to sustainable investment options with SDG principles

Elaine Prior, the highly regarded former ESG analyst with Citigroup, and Mark Lyster, who has also forged a well-regarded track record in sustainability, have been appointed advisers to a new Australian-based investment fund that will aim to abide by the principles of the UN Sustainable Development Goals.

Impact investment moves into new sectors

You can now buy a bond in the UK that will reward you for prisoners who don’t re-offend. It’s called the Peterborough social impact or prison bond.

Eiffel Tower greenery

French REIT’s loan terms linked to sustainability performance

French real estate investment trust Gecina has inked a “sustainability performance-linked loan” with ING France for €150 million, with pricing dependant on how it performs on the Global Real Estate Sustainability Benchmark.

MacBank’s purchase of British Green Investment Bank is still controversial

When Macquarie Bank bought the UK’s Green Investment Bank it ignited a storm of opposition. There was doubt the Aussie bankers would uphold the original ambitions of the GIB, because these ambitions are not sufficiently protected. That’s certainly the conclusion of an investigation by British MPs on the UK House of Commons Public Accounts Committee.