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Travellers pitch up on four different Colchester sites in one day


CALLS have been made for better protection for Colchester’s open spaces after travellers pitched up at three different sites in one day.
A group of about 20 caravans first arrived at Colchester Rugby Club, in Mill Road, on Thursday evening.
Essex Police were called to the scene but the caravans remained at the site into Friday morning.
Travellers at Colchester Rugby Club
Colchester Council was made aware and began the process of attempting to move them on in time for scheduled events to take place at the club over the weekend.
The travellers left the site at around 11.30am on Friday, however, the same group are understood to have moved to High Woods Country Park. ....

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Elections May 2021: The seven key seats in Colchester Council elections


AS we approach May s election, control of Colchester Council is teetering on a knife-edge.
The town hall is controlled by a coalition of Labour and the Lib Dems, who together hold 24 seats.
There are 51 seats in the borough, meaning the coalition is technically a minority administration.
The Highwoods Independents were part of what was then called the rainbow alliance , but 18 months ago they packed their bags.
Support is now on a vote by vote basis, meaning there are some crunch votes on contentious issues.
The Conservative Group are the largest group on the council, holding 21 seats.
In May they need to secure an additional five, as well as hold all of their existing ones, to hold an overall majority. ....

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Chanel, Tesco and the rise of sustainability-linked financing


Feb 14, 2021
Chanel is one of a number of companies to issue sustainability-linked bonds 
When luxury fashion brand Chanel issued €600 million of bonds last September, there was an unusual catch: if the company fails to meet its sustainability goals, it will have to pay penalties to investors.
The deal is an example of a new type of debt known as a sustainability-linked bond, which is a way for businesses to finance themselves while tying repayments to their sustainability targets. That is different from traditional green or sustainability bonds, where the money raised has to be spent on a specific green or social project. ....

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New World Development Company Limited's US$200 Million Guaranteed Sustainability-Linked Notes Offer – Global Legal Chronicle


Clifford Chance has advised J.P. Morgan Securities and UBS on New World Development (NWD) Company Limited’s issuance of US$200 million 3.75% Guaranteed Sustainability-Linked Notes due 2031.
The issuance is the first US dollar sustainability-linked bond by a real estate company globally and also the first US dollar sustainability-linked bond in Asia (ex Japan).
The Notes have a sustainability performance target of achieving 100% renewable energy for NWD’s Greater Bay Area rental properties by 2026. The performance against the target, which will be reviewed by a third-party assurance provider, will be reported in NWD’s annual report until the Notes matures. Should NWD fail to achieve the target, it will purchase carbon offsets in an equivalent amount to 25 basis points per annum from 2027 until the Notes matures. ....

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