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Netcare and Standard Bank launch Africa's first sustainability-linked bond


March 17, 2021
Nigel Beck Standard Bank
JSE-listed Netcare, which operates a network of hospitals and other healthcare services in South Africa and Lesotho, has launched Africa’s first sustainability-linked bond, in partnership with Standard Bank. 
The coupon rate of these bonds is linked to the issuer’s achievement of certain pre-agreed sustainability performance targets. In Netcare’s case, the group aims to reduce its energy consumption, procure more renewable energy, reduce total carbon emissions, and further improve its water efficiency, partly by increasing its capacity to recycle grey water. In addition, Netcare is developing systems to ultimately convert all infectious healthcare risk waste (HCRW) produced on-site to inert products and achieve zero waste to landfill for waste, outside the HCRW stream, by 2030.   ....

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Energy & Environment Power 100


President and CEO, New York Power Authority
While New York won national acclaim last year for passing landmark climate change legislation, Gil Quiniones has spent nearly a decade pursuing ambitious green energy policies at the helm of the New York Power Authority. Besides running NYPA, a major energy producer and utility largely driven by hydropower, Quiniones has shaped the governor’s Reforming the Energy Vision initiative, which aims to harness private markets and technological innovations to boost renewable energy and increased efficiency.
4. 
Chairman, President and CEO; New York President, Con Edison
It will be the end of an era come January when John McAvoy resigns as president and CEO of Con Edison. McAvoy’s retirement reshuffles the top ranks of the influential utility, which is among the nation’s largest. Timothy Cawley, who leads Con Ed’s New York subsidiary, will succeed McAvoy as head of the parent corporation, while Matt Ketschke, a senior v ....

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