In a first in the US, a company has entered into a syndicated sustainability-linked revolving loan. CMS Energy and its subsidiary, Consumers Energy, have entered into $1.4 billion revolving credit facilities from Barclays, the sole Sustainability Structuring Agent on the loan. This means that CMS can reduce its interest rate on the new credit by meeting targets related to environmental responsibility, CMS says. Sustainability-linked loans are products that allow issuers to demonstrate their commitment to sustainability, according to Barclays.
In markets around the world, BNY Mellon is working to support clients in ways that have a positive impact on the environment and society, including by facilitating the issuance of green bonds. These securities are an innovative tool for driving capital to sustainable investment; in 2017, global green bond issuance totaled a record $155.5 billion, and volume could reach $250 billion to $300 billion in 2018, according to research from the Climate Bonds Initiative.
“Someone said to me a little while ago that once you start immersing yourself and engaging yourself with climate change issues, it’s almost impossible to go back to anything else. You would have to wake up every morning and think: I’m using all my skills and abilities to help support a ‘six degree world’. So, I can’t go back. This is me for the next twenty years.”
As the global green bond market continues to see significant growth, it is also attracting a larger and wider issuer base. This growth reflects $155.5 billion in labeled green bonds, incorporated into a larger $895 billion universe of climate-aligned bonds that contribute to a low-carbon economy.
Use of green bond proceeds shows how issuers are raising capital to conserve energy and resources, transform transportation systems and protect water, land and forests.
Increasingly, employees with pensions think about how environmental, social and governance (ESG) factors affect their investments. BNY Mellon’s Marvin Vervaart, Asset Owner Segment Head for Europe, Middle East, Africa, and pension fund manager Gert-Jan Sikking, Senior Advisor Responsible Investment for PGGM, a Dutch cooperative pension fund manager, discuss the trend and how it benefits society, our business and our stakeholders.
May 23, 2018 /3BL Media/ - A new coalition backed by the National Association of Manufacturers aims to 'undermine critical shareholder rights that investors have long supported and relied on to help them effectively and efficiently protect the long-term value of their investments,' Ceres CEO and President Mindy said in a statement.
Small Change founder Eve Picker wants everyone to be able to invest in urban renewal — and reap the rewards.
Throughout 2018, we will be celebrating today’s new class of reinventors, inspiring people who defy convention while redefining their impact on our world. From city planners to philanthropic entrepreneurs, artists and more, we are spotlighting interesting people doing amazing acts of reinvention.
Whether addressing income inequality or access to vital resources such as water, food, or healthcare, lasting change only starts with a committed investment or partnership. Reaching a meaningful end goal requires a sustained effort — dependent on an approach that is strategic, evidence-based, partner-centric and sustainable.
In 2017 over 4.8m people took action to protect themselves from online fraud as a result of our Digital Safety campaign.
The challenge: Inclusive financial systems are key to achieving economic and societal progress.
Our ambition: We are keen to play a leading role in increasing access to financial services. We are doing this in two ways: through the creation of targeted and accessible products and services, and by enhancing financial and digital skills.