Sustainable Finance CSR News

First of Its Kind Loan: Barclays’ Borrower Pays Less if Sustainability Targets Are Met

by Jennifer Hermes
Article

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.

The Woman Driving Sustainable Finance at Barclays

Blog

“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.”

CMS Energy Becomes First U.S. Company to Enter Sustainability-Linked Loan

Press Release

JACKSON, Mich., June 7, 2018 /3BL Media/ – CMS Energy and its primary subsidiary, Consumers Energy (collectively “CMS”), announced they have entered the first syndicated sustainability-linked revolving credit facilities for a U.S. borrower.

The aggregate $1.4 billion of new credit facilities allow CMS to reduce its interest rate by meeting targets related to environmental sustainability, specifically renewable energy generation.   

‘Decision Critical’ – Four ESG Themes Investors Should Be Aware of Right Now

Article

We’re often asked about the most important ESG themes that investors should consider. As bottom-up, active managers, we unsurprisingly tend to focus on those issues that are most material for each investment case. That said, there are several overarching ESG topics that we believe are increasingly important for investors to be aware of right now. 

1) Carbon Disclosure – pressure to improve

‘Main Street Investor’ Coalition Aims to Undermine Shareholder Rights

Press Release

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. 

Lubber added: 

Multipliers of Prosperity: Below the Surface

Article

Consumer debt has reached record highs amid an economy that, on the surface of things, looks more robust than at any point since the Great Recession. Unemployment is at historic lows, and wages are up, leading to many optimistic interpretations of current debt trends. Yet signs continue to point to the fragility of many families’ finances. Costs of healthcare, housing, and food have all risen faster than increases in income. Debt in collections appears on one-third of all consumer credit reports.

Small Change, Big Impact: Using Crowdfunding to Invest in Neighborhoods

Small Change founder Eve Picker wants everyone to be able to invest in urban renewal — and reap the rewards.
Blog

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.

Shared Value Summit 2018 Reflection

by Danielle Holly
Blog

When Common Impact’s clients ask me what events they should attend to understand the next generation of CSR, employee engagement and for-purpose business, I always point them to the Shared Value Initiative (SVI). SVI held its annual summit this past week in the (finally sunny!) downtown NYC, where hundreds of business, investment and social sector professionals met to hear and discuss the latest in driving a social, environmental and

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