article thumbnail

ESG Today: Week in Review

ESG Today

This week in ESG news: EU fails to pass environmental & human rights sustainability due diligence law; Singapore to introduce mandatory sustainability reporting; Deutsche Bank launched new sustainable finance framework; Senior execs say sustainability drives better revenues, profitability, IBM survey finds; IAG signs one of largest-ever sustainable (..)

article thumbnail

Iberdrola Signs €5.3 Billion Credit Line with Rates Tied to Climate, Diversity Goals

ESG Today

The new financing follows the company’s announcement in 2021 of plans for its financing structure to have an increasingly higher percentage of green and sustainable products, estimated to account for nearly two-thirds of its debt by 2025. Iberdrola said that it expects to update its investment plan in March 2024.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Will sustainability-linked loans drive a revolution in finance?

GreenBiz

By using a pricing mechanism that incentivizes improvement in areas aligned with the company’s 2025 sustainability goals, the loan connects the dots between financial and non-financial risks by replacing the company’s credit line, a longstanding vanguard of business worthiness, with one heavily dependent on sustainability metrics.

article thumbnail

ESG Today: Week in Review

ESG Today

Sustainable Finance Ericsson Issues Inaugural €500 Million Green Bond to Fund Network Energy Efficiency Initiatives Private Equity & Venture Capital Sustainable Building Tech Startup Vizcab Raises $5.5

article thumbnail

Prologis Commits to Net Zero Emissions by 2040

3BL Media

DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and net zero for operations by 2030. Builds on company’s leadership in green building, solar and more. Prologis continues to be an industry leader in finding innovative ways to decarbonize our operations.”. Carbon neutral construction by 2025. SOURCE: Prologis.

Net Zero 189
article thumbnail

AllianceBernstein Commits to Net Zero Pathway

3BL Media

As part of its net zero strategy for business operations, AB will continue its initiative to locate 85% of employees in green buildings by 2025 and will explore renewable energy options. The firm currently invests approximately $6 billion in green bonds, KPI-linked securities and ESG structures as part of this effort.

Net Zero 264
article thumbnail

Fifth Third Publishes Second Task Force on Climate-related Financial Disclosures Report

3BL Media

billion provided since 2012 towards our goal of $8 billion by 2025. 1, 2021, Fifth Third Bancorp settled the issuance of its inaugural Green Bond for $500 million. The proceeds will fund green projects that align with the Company’s sustainability priorities, as outlined in the Fifth Third Bancorp Sustainable Bond Framework.

Banking 246