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ACA Acacia Mining Plc

234.00
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Acacia Mining Investors - ACA

Acacia Mining Investors - ACA

Share Name Share Symbol Market Stock Type
Acacia Mining Plc ACA London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 234.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
234.00 234.00
more quote information »

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Posted at 21/11/2023 08:15 by sarkasm
Banks accused of 'lack of transparency' over green finance activities
November 21, 2023 at 01:26 am EST
Share

(Alliance News) - Europe's 20 largest banks have been accused of a "structural lack of transparency" over their green finance activities.

ShareAction, which campaigns for responsible investment, carried out research into banks promoting their green finance credentials.

It found that while all banks investigated have set a target or report their green finance activity, just four banks publish partial information on how they calculated those targets, including UK bank Barclays PLC.

ShareAction warned that this lack of clarity leaves all 20 banks open to allegation of greenwashing.

The banks were found to frequently include products in their targets which do not lead to more funding going toward green activities such as sustainable technology development or renewable power generation.

The research cited examples like Standard Chartered PLC meeting their green finance target by advising clients on mergers and acquisitions.

Many banks also included carbon-intensive energy generation activities in their green financing targets such as Credit Agricole SA including natural gas extraction and Deutsche Bank AG including certain forms of biomass for power generation, ShareAction said.

Elsewhere, the banks were found to be applying double standards to reducing emissions and increasing green financing.

The investigation uncovered that almost no banks account for their capital markets facilitation, where banks help companies to raise funds like bonds, in their decarbonisation targets.

Meanwhile, almost all banks include capital markets facilitation in their green finance targets.

ShareAction noted that Barclays is the only bank that includes capital markets in its emissions reduction targets although it only counts 33% of its share in a deal, whereas it counts 100% of its share in a deal when it goes toward its green finance target.

The investigation also found that just 35% of banks measured the real impact of their financing, such as the level of renewable energy capacity installed through funding.

It highlighted how banks reported even less on whether their green financing was for new assets or already existing projects with HSBC PLC reporting that 77% of its 2022 green bond allocation was to already existing projects.

Xavier Lerin, senior research manager at ShareAction, said: "Banks widely promote their green credentials to their customers and shareholders.

"However there is a structural lack of transparency on what their green finance activities achieve.

"It remains unclear from what the banks themselves are reporting and in the targets they are setting whether they are actually providing the finance required to transition our economy and mitigate against the most damaging consequences of climate change.

"Banks must put their money where their mouth is and set clearly scientific targets that illustrate their working, or the public and investors will be left in the dark about how meaningful the contributions they are making to preventing the worst impacts of climate change and adapting our economy for a low carbon future."

The ShareAction report calls on policymakers and standard-setting bodies to establish standards that tackle greenwashing and ensure banks are properly measuring the impact of their financing.

Credit Agricole said it is fully committed to financing a green energy future and strives to be completely transparent and clear in its communication and information on the energy transition.

A spokesperson for Deutsche Bank said: "As part of our broader sustainability strategy, Deutsche Bank established in 2020 its Sustainable Finance Framework, which is updated on a regular basis.

"Our goals are to ensure that our clients have access to financing that helps them to pursue the necessary transition to an environmentally sustainable and socially stable future.

"The framework transparently outlines our classification logic, which e.g. also considers successfully passed Environmental & Social Due Diligences for certain sectors and transactions as condition for a classification as sustainable finance."

Standard Chartered declined to comment.

PA has contacted Barclays and HSBC for comment.

source: PA
Posted at 10/11/2022 09:55 by gibbs1
(MT Newswires) -- Crédit Agricole (ACA.PA) on Thursday said its regional investors, through the Rue La Boétie entity, plan to purchase up to 1 billion euros ($1 billion) of the bank's shares in the first half of 2023.

The regional owners, which currently hold a 56.8% stake in the European lender, do not intend to raise their stake to more than 65% in Crédit Agricole. In a call with reporters, Chief Executive Officer Philippe Brassac noted that the regional-bank owners are investing in the company due to "its performance, its solidity and its development potential."
Posted at 17/10/2022 10:17 by adrian j boris
CACEIS, a subsidiary of Crédit Agricole S.A. and Santander, has signed a memorandum of understanding to acquire the European asset servicing business of Royal Bank of Canada (RBC) Investor Services. These services will include custody and foreign exchange, fund administration, transfer agency services, middle office and securities lending and borrowing. Following the acquisition, CACEIS would have approximately €3,500 billion of assets under administration and €4,800 billion of assets under custody.

The European asset servicing banking group "would benefit from a more international dimension, a greater geographical presence, enabling it to strengthen its competitive position, and to cover the entire value chain with a broader offering for its existing and future clients".

This transaction would be in line with the Crédit Agricole Group's development objectives and would meet its profitability criteria with an expected return on investment of more than 10% over three years thanks to the realisation of synergies. It would have a negative impact of less than 10 basis points on the CET1 ratio of Crédit Agricole S.A. and the Crédit Agricole Group.

The proposed transaction is expected to be completed by the end of the third quarter of 2023.

Translated with www.DeepL.com/Translator (free version)
Posted at 21/6/2022 10:57 by waldron
Upcoming events on CRÉDIT AGRICOLE S.A.



June/22/2022 Investor Day
Posted at 24/5/2022 16:31 by waldron
Credit Agricole SA: General Shareholders' Meeting of Crédit Agricole S.A.

05/24/2022 | 02:50pm BST

Montrouge, 24 May 2022

GENERAL SHAREHOLDERS' MEETING
OF CRÉDIT AGRICOLE S.A.

A Crédit Agricole S.A. General Shareholders' Meeting was held on 24 May 2022 in Montpellier, attended by Chairman Dominique Lefebvre and Chief Executive Officer Philippe Brassac.

More than 900 people attended the Meeting either in person or remotely.

With quorum of 77,33%, the General Shareholders’ Meeting approved all of the resolutions put to it by the Board of Directors. None obtained a score below 80%.

Nearly 15.243 shareholders voted prior to the General Shareholders’ Meeting, with 72% of them voting online via Votaccess.

After approving the financial statements for the year ended 31 December 2021, the Ordinary General Meeting of Crédit Agricole S.A. decided to distribute a dividend of EUR 1.05 per share.

In addition, the General Shareholders’ Meeting appointed the following directorships:

Ms Sonia Bonnet-Bernard, chartered accountant, President of the financial expertise firm A2EF, replacing Ms Catherine Pourre;

Mr Hugues Brasseur, Managing Director of Crédit Agricole Anjou-Maine Regional Bank, replacing Mr Gérard Ouvrier-Buffet;

Mr Eric Vial, Chairman of the Crédit Agricole des Savoie Regional Bank, replacing Mr Daniel Epron.

The General Assembly also renewed the mandates of Mr Dominique Lefebvre, Mr Pierre Cambefort, Mr Jean-Pierre Gaillard and Mr Jean-Paul Kerrien. The Board of Directors, meeting at the end of the General Meeting, reappointed Mr Dominique Lefebvre as Chairman.

CRÉDIT AGRICOLE PRESS CONTACT

Charlotte de Chavagnac + 33 1 57 72 11 17
charlotte.dechavagnac@credit-agricole-sa.fr

Olivier Tassain + 33 1 43 23 25 41 olivier.tassain@credit-agricole-sa.fr

Mathilde Durand + 33 1 57 72 19 43 mathilde.durand@credit-agricole-sa.fr

See all our press releases at: www.credit-agricole.com

INDIVIDUAL SHAREHOLDER CONTACT INFORMATION

Toll-free number (from France): 0800 000 777
credit-agricole-sa@relations-actionnaires.com

INVESTOR RELATIONS CONTACT INFORMATION

+ 33(0)1 43 23 04 31
Investor.relations@credit-agricole-sa.fr

Disclaimer

This press release is provided for consultation by shareholders of Crédit Agricole S.A. pursuant to paragraphs 1., d) and 2., e) of Article 4 of Directive 2003/71/EC of the European Parliament and of the Council of 4 November 2003 and applicable national provisions, namely Articles 212-4 4° and 212-5 5° of the General Regulation of the AMF (French financial markets authority) and Article 13 of AMF Instruction 2005-11 of 13 December 2005 as amended. It is not a prospectus.

This press release is available in French and English on the website of Crédit Agricole S.A.:
Posted at 01/2/2022 10:23 by grupo guitarlumber
Natural Gas News
French LNG terminal offers up regas capacity in 2023-36
Feb 1, 2022 9:45:am

Summary

Dunkerque LNG said that the terminal's location and technical characteristics made it one of the most attractive sites for bringing LNG ashore in Europe.

by: Joseph Murphy
Natural Gas & LNG News,

The Dunkerque LNG terminal in north France is offering up 3.5bn m3 of annual regasification capacity between 2023 and 2036, its operator said on February 1.

Announcing the call for market interest, Dunkerque LNG said that the terminal's location and technical characteristics made it one of the most attractive sites for bringing LNG ashore in Europe. The qualification phase of the process began on February 1 and will wrap up on February 25, the operator said.

Dunkerque LNG's overall capacity is 13bn m3/year. The terminal's owners include Fluxys, AXA Investment - Real Assets, Credit Agricole Assurances, and a group of Korean investors led by IPM Group.
Posted at 07/1/2022 10:48 by grupo guitarlumber
The price of Crédit Agricole S.A. shares is range-bound. This phase will end sooner or later when volatility comes back.

Investors have an opportunity to buy the stock and target the € 14.33.
Posted at 28/9/2020 14:20 by grupo guitarlumber
Credit Agricole SA has sold its remaining stake of 4% in Banque Saudi Fransi for around 332 million euros ($386.2 million).

The French bank said Monday that the deal, for which all regulatory approvals have been granted, will boost its core tier 1 ratio by 5 basis points.

The 4% stake was acquired by two institutional investors related to the Saudi government.



Write to Pietro Lombardi at pietro.lombardi@dowjones.com; @pietrolombard10



(END) Dow Jones Newswires

September 28, 2020 08:58 ET (12:58 GMT)
Posted at 24/1/2020 12:48 by florenceorbis
The corporate and investment banking arm of Credit Agricole SA(ACA.FR) said Friday that it has joined the Hydrogen Council as it works toward helping its clients adopt clean hydrogen as an energy source.

The bank said it will be part of an investor group within the Hydrogen Council, a coalition of CEOs working to increase investment in the development and commercialization of hydrogen. It said its role will be to support projects and finance and advise new players.

Hydrogen doesn't release carbon dioxide or other greenhouse gases into the atmosphere when burned with oxygen and can be used to power different types of transportation. According to the Hydrogen Council, 18% of the global energy demand could be met by hydrogen by 2050, which would reduce GHG emissions by 20% of the amount required to reach the Paris Agreement goals. However, additional investments of $25 billion a year for 10 years are needed to achieve this, the Hydrogen Council says.



Write to Maitane Sardon at maitane.sardon@wsj.com



(END) Dow Jones Newswires

January 24, 2020 05:41 ET (10:41 GMT)
Posted at 19/9/2019 11:27 by la forge
Credit Agricole SA (ACA.FR) said Thursday that Banque des Territoires and Groupe Groupama have agreed to enter the capital of its renewable-energy investment subsidiary Predica Energies Durables.

Once the transaction is complete, Banque des Territoires and Groupama will hold 22% and 18% of PED respectively, while the French bank will hold the remaining 60%.

PED, a subsidiary of the bank's insurance arm, is an investment vehicle focused on renewable energy production assets, and was founded in partnership with France's Engie SA (ENGI.FR).

The entry of these two new investors in PED's capital will increase its capacity to invest, Credit Agricole said.

The transaction is expected to close by December this year.



Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca



(END) Dow Jones Newswires

September 19, 2019 04:58 ET (08:58 GMT)

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