All articles by Adrian Murdoch
Adrian Murdoch
Breaking down Africa’s first sustainability-linked loan
With its landmark deal, a South African private healthcare group has saved itself at least 21 basis points in the cost of funding and set a quartet of key performance indicators – three with environmental targets and one focused on patient satisfaction.
Retirement housing is driving New Zealand green finance
Retirement village operator Summerset has inked a landmark sustainability-linked loan related to reductions in carbon emissions and construction waste and, less typically, the development of dementia care. Its domestic peers are also expected to take the green finance path.
Behind the Chinese energy sector’s debut green loan
Teess – a joint venture between France’s TotalEnergies and Chinese renewables company Envision – will execute the first green-funded project in China’s solar industry as it bets on the country’s energy transition. Capital Monitor takes an in-depth look at the deal.
Australia’s Coles sets trio of goals for sustainability-linked loan
The landmark financing deal from the country’s biggest supermarket chain aims to reduce both waste and emissions and put more women in leadership roles. Capital Monitor speaks to Coles’ treasurer and CFO as well as bankers on the deal.
Dubai: Landmark sustainability-linked loan targets gender diversity
Hotel and shopping mall group Majid Al Futtaim will use the proceeds from its new $1.5bn sustainability-linked loan to target emissions, green malls and, in a first for the Middle East, gender inequality. Head of treasury John Arentz provides the details.
How Pfizer is targeting Covid with new sustainability bond
The US drugs giant will use proceeds from its second sustainability bond issue to tackle the pandemic, including in emerging markets. ESG head Chris Gray seeks to dispel scepticism by explaining the deal’s rationale, while treasurer Brian McMahon discusses the $1bn bond’s pricing.
US solar sees brighter prospects as Sunnova issues first green bond
America’s solar industry has faced challenges getting financing, but investor and public sentiment is improving and government support is growing. A $400m debt issue last month was another positive sign.
Burberry’s sustainability strategy: Why Scope 3 and sourcing are key
The British luxury fashion house was the first of its peers to tap the sustainability bond market. A year on, it has not only met its targets but in some cases gone beyond them. The company’s CFO and head of corporate responsibility explain how.
A look inside Asia’s first green commercial paper guarantee
Green short-term funding has struggled to take off as an asset class. With Asia’s first green commercial paper guarantee for Taiwan’s Sing Da Marine Structure, Crédit Agricole hopes that a new wind is blowing.
Why Côte d’Ivoire’s first green bond is so important
The private placement from shopping centre operator Emergence Plaza had the advantage of a beneficial economic backdrop and high market liquidity. There is much for potential issuers to learn from only the fourth green corporate bond from sub-Saharan Africa.