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Workhorse Secures Financing from Institutional Lenders

NGT News

a technology company focused on providing sustainable and cost-effective drone-integrated electric vehicles (EVs) to the last-mile delivery sector, has entered into a note purchase agreement (NPA) under which it will sell $200 million aggregate principal amount of its 4% senior secured convertible notes due 2024 to two institutional lenders.

Finance 246
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Fostering sustainable development through open data for finance

McKinsey

Digital finance has many aspects that can improve the workings of emerging economies and further the cause of sustainable development. Open data for finance, where financial data is shared digitally among financial institutions with limited effort or manipulation, is a powerful tool to that end, write Anu Madgavkar and Olivia White.

Finance 115
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RBC scraps sustainable finance commitment

BOE Report

TORONTO – RBC says it is scrapping its sustainable finance commitment and holding back on other climate disclosures in part because of regulatory changes.

Finance 85
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NGO Research Shows European ESG Funds Investing Heavily in Fossil Fuel Firms

OilPrice

European ESG funds have invested $134 billion (123 billion euros) in companies actively pushing fossil fuel expansion projects or lacking a credible Paris-aligned coal phase-out plan, in what NGOs Urgewald und Facing Finance say is a massive greenwashing by well over one-third of the 14,000 ESG-labeled funds analyzed.

Finance 261
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Revolv Receives Equity Financing for EV Fleet Projects

NGT News

Revolv, a full-service provider of electric commercial fleets, has raised $25 million in equity project financing to fund the deployment of U.S. fleet electrification projects.

Finance 130
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Core Finance CEO Interview: Katherine Roe of Pharos Energy

Malcolm Graham Wood

Pharos Energy is an independent energy company with a focus on delivering long-term sustainable value for all stakeholders through regular cash returns and organic growth. The post Core Finance CEO Interview: Katherine Roe of Pharos Energy appeared first on Malcy's Blog.

Finance 130
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Facilitating sustainable finance: An interview with Rachel Teo

McKinsey

Developing countries will need assistance to fund their transition to a low-carbon economy—but this comes with enormous opportunities and the potential for innovation in areas such as blended finance.

Finance 98