Month: June 2021

Vattenfall issues GBP 250 million green hybrid bond

Stuart Mitchell

Vattenfall has successfully issued a GBP 250 million green fixed-rate hybrid bond. The issue was almost five times oversubscribed and the proceeds will finance investments that contribute to Vattenfall’s goal of enabling fossil-free living within one generation. This is Vattenfall’s first hybrid bond issued in GBP and also the first GBP issuance under the Green Bond Framework, published in 2019, where proceeds from the bonds are earmarked for investments in the following four eligible categories: 1) renewable energy and related infrastructure, 2) energy efficiency, 3) electrification of transport and heat…

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Six Global Banks Come Together to Decarbonize Steel

Stuart Mitchell

Several top lenders to the steel sector—Citi, Goldman Sachs, ING, Societe Generale, Standard Chartered, and UniCredit—have come together to define common standards of action for steel sector decarbonization through a collective climate-aligned finance agreement. A climate-aligned finance agreement establishes a framework for assessing and disclosing the degree to which the greenhouse gas emissions associated with a financial institution’s portfolio are in line with 1.5°C climate targets. The banks have formed the Steel Climate-Aligned Finance Working Group (the Working Group), facilitated by RMI’s Center for Climate-Aligned Finance, with the goal of…

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HSBC partners with WRI and WWF to scale next generation solutions to climate change

Stuart Mitchell

HSBC, in partnership with World Resources Institute (WRI) and WWF, have unveiled their Climate Solutions Partnership to unlock barriers to finance for companies and projects that tackle climate change. The partnership’s three workstreams focus on start-up firms developing carbon-cutting technologies, projects that protect and restore biodiversity, and initiatives to help transition energy growth to renewables in Asia. The partnership aims to bring emerging climate solutions to commercial viability and scale. It will do this by supporting sustainable projects that would otherwise face barriers to finance due to insufficient policy and…

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ASA – Why we don’t regulate political ads

Stuart Mitchell

The ASA/CAP have released a post called: Why we don’t regulate political ads. I have enclosed the text of the link below, but please have a look at the ASA/CAP site as there are lots of things of interest to anyone with an interest in Ethical Marketing. With upcoming elections scheduled to take place across the UK on 6 May, from the Scottish and Welsh Parliamentary elections to local council and mayoral elections in England, we’re reminding people why we don’t regulate the claims they see in political ads. And…

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Lightweight aluminium gives new greener Qashqai a cutting edge

Stuart Mitchell

The all-new Qashqai will be Nissan’s first model built in Europe using a significant number of lightweight aluminium panels. The bonnet, doors and front wings are stamped from aluminium alloy, which makes the Qashqai body 60kg lighter than the previous version. This improves efficiency on emissions and helps accommodate more technology, including Qashqai’s electrified powertrain. A £52m investment in aluminium production at Nissan’s Sunderland plant includes the 2nd extra-large press line that was launched last year and the cyclone – a recycling facility that blasts scrap metal out at 150km…

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