Lloyds Banking Group to stop financing new coal plants

It has also committed to power five million homes through supporting renewable projects in the UK by 2020

Banking giant commits $200bn in sustainable financing

Wells Fargo will provide half of the funding for projects that directly support the low carbon transition

NatWest banks on sustainability with £10bn pledge

The bank supported nearly 1,500 green transactions over three years between 2015 and 2017

Bank launches green crowdfunding platform

A solar farm and a heat pump company are to become the first businesses to benefit from a UK bank’s newly launched crowdfunding platform. Triodos Bank’s platform will allow the public to invest directly in renewable energy projects. The first round of funding will help Mendip Renewables raise £1.8 million to take a 5MW operational […]

Dutch bank pledges €100m for sustainable businesses

Dutch bank ING has pledged to invest €100 million (£87m) in sustainable businesses over three to four years. It will provide the funding through its new arm ‘Sustainable Investments’ to firms that have a “proven concept and a positive environmental impact”. It plans to target opportunities in all sectors and focus on innovative business models […]

Barclays issues €500m green bond in ‘UK first’

Barclays has issued a €500 million (£441m) green bond claimed to be the first issued by a UK bank to fund domestic assets. The funds raised will be used to finance and refinance residential mortgages on properties in England and Wales, which are in the top 15% of the lowest carbon intensive buildings in these […]

Triodos offers new sustainable UK bank account

Triodos has announced it is offering its first ever personal sustainable current account in the UK. The Netherlands-based bank, which has been operating in the UK for more than 22 years, only lends money to organisations and projects that are making a positive difference to society, be it socially, environmentally or culturally. It lends more […]

‘Investors need to think green’

Investors need to use their money to ensure banks play a proactive role in the low carbon transition. That’s according to a new report published by ShareAction, a group dedicated to using the “potential of investments to have a positive impact on savers, communities and the environment”. The report makes a series of tough recommendations for banks – it […]

Bank offers £15m to help reduce fuel poverty

A bank is offering £15 million of finance to help tackle fuel poverty in the UK. Triodos Bank has created what it claims to be an industry-first lending pot to help social housing providers pay for energy efficiency measures needed to improve vulnerable tenants’ standard of living. The money will also pay for green spaces to be developed. […]

HSBC commits $1bn in green investments

HSBC has pledged to commit $1 billion (£0.64bn) on green projects. The bank will invest in “high quality liquid assets” in the form of green, social and sustainability bonds. They will be used to fund renewable and energy efficiency projects as well as clean transportation and climate change adaptation. Spencer Lake, Global Head of Capital Financing […]