Some hedge funds invest in socially responsible companies to change their focus to maximising value for short-term shareholders.
The first floating wind farm is now operational. WindFloat Atlantic is now supplying energy to Portugal's electrical grid following the connection of the last of the three platforms to the 20 km export cable connecting the wind farm to the substation at Viana do Castelo.
Credit Suisse is to provide at least $328bn in sustainable financing over the next decade, in the latest announcement by global banks on ESG financing.
Property developer Landsec is progressing plans for the UK’s first net-zero commercial building. Previously known as 105 Sumner St, the Forge will be a 139,000 sq ft office development in Southwark set behind Tate Modern and will be constructed and operated in line with the UK Green Building Council’s (UKGBC) net-zero carbon buildings framework and associated energy performance targets.
The latest report on energy generation in the UK reveals a record-breaking contribution by renewables throughout 2019, with over a third of electrical energy coming from green sources.
Citi has announced a five-year 2025 sustainable progress strategy to help accelerate the transition to a low-carbon economy, including a $250bn environmental finance goal to facilitate climate solutions globally. This builds on Citi’s previous $100bn goal announced in 2015 and completed last year, more than four years ahead of schedule.