World Bank to sign water pact with US

March 22nd, 2011  |  Source: Responsible Investor


US Secretary of State Hillary Clinton is set to sign a Memorandum of Understanding with the World Bank marking World Water Day today at the bank’s Washington headquarters. The MOU will strengthen support to developing countries seeking a water secure future, the State Department said.

Two investors have signed up to the Deutsche Climate Change Fixed Income QP Trust, Deutsche Bank’s new climate change bond fund, according to a regulatory filing with the Securities and Exchange Commission. The filing states that the New Hampshire-incorporated investment fund has made $18.285m (€12.8m) sales.

Nikko Asset Management says its World Bank green bond funds have raised almost £300m (€345m) from institutional investors in Europe and the Middle East as well as Japanese investors. The UCITS III Nikko AM World Bank Green Fund was launched in February 2010 and is the first fund of its kind to invest up to 100% of its portfolio in green bonds issued by the World Bank.Link

TIAA-CREF, the US insitutional investor, has received the US Environmental Protection Agency’s ENERGYSTAR Sustained Excellence award for outstanding energy management and reductions in greenhouse gas emissions. In addition, the organization renewed its sustainability initiatives within its real estate portfolio, targeting a decrease in energy intensity of 15% by year end and the addition of efforts to reduce water usage in its office and multi-family portfolios by 10% by 2013.

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