Moody’s Investors Service announced its acquisition of Four Twenty Seven, after purchasing a majority share in the climate change risk assessment and economic analysis firm. Through this acquisition, Moody’s will expand its research and assessment capabilities and potentially increase or decrease the credit ratings of numerous businesses and countries, leading investors to reconsider their lending.
In a recent draft of an energy industry proposed lending policy, the European Investment Bank (EIB) laid out a plan to take steps toward the achievement of the environmental sustainability goals set in the Paris Climate Accord. This creates conflict with their previous investments in the non-renewable fossil fuel industry.
The Environmental Audit Committee has published its report into UK Export Finance (UKEF) investigating the scale and impact of financing of fossil fuels in developing countries, revealing that most of UKEF’s investment undermines the UK’s climate commitments.
Big Society Capital’s is asking the Government to consider expanding the eligibility for schemes under its Social Investment Tax Relief (SITR) number stating that criteria are currently too limiting and have been inhibiting take-up.
Bristol Wood Recycling Project (BWRP) raising £430,000 through a new bond offer on Triodos Bank's crowdfunding platform. The enterprise collects, repurposes and sells wood that would otherwise go to waste.
Charity Bank has been doing its bit to raise the profile of ethical banking and encouraging charities and social enterprises (who are estimated to hold over £100bn of collective investment assets) to switch to providers such as themselves with the launch of the tenth annual Follow the Money campaign.
The EIB has issued its first Sustainability Awareness Bond, with an initial launch of €500m. The funds raised through the bonds will be used to finance social, green and sustainable projects around the globe.
Amber infrastructure Group has launched a £500 million investment fund to support energy efficiency projects in public sector organisations and small businesses across London. The Mayor’s Energy Efficiency Fund (MEEF) is being launched in collaboration with the Mayor of London, working through the European Regional Development Fund and supported by lenders including Lloyds, NatWest, Santander UK, Sumitomo Mitsui and Triodos.