By David Milliken LONDON (Reuters) – A group of British members of parliament said on Monday that the Bank of England should stop buying bonds from businesses whose activities accelerate global warming. Britain’s central bank doubled its holdings of corporate
The Environmental Audit Committee (EAC) has warned the Bank of England that it risks creating a ‘moral hazard’ by purchasing high-carbon bonds and providing unconditional funds to carbon-intensive companies. The EAC estimates the bank’s corporate bond purchases are currently aligned
LONDON — Global green bond issuance reached a record high of $269.5 billion by the end of last year and could reach $400-$450 billion this year, a report by the Climate Bonds Initiative (CBI) showed on Monday. Read More
By Nikos Chrysoloras Read More
TOKYO — Japanese trading house Sumitomo Corp will stop investing in new oil development projects as it shifts away from fossil fuels businesses amid a global push to cut greenhouse gas emissions, the Nikkei business daily reported on Sunday. Read
(Bloomberg) — The Ontario Teachers’ Pension Plan committed to reaching net-zero emissions across its investment portfolio within three decades. Read More
Research has studied the effects of climate risk on financial markets, but few studies have addressed the effect of environmental policy on those markets. A new study examined whether federal policy aimed at mitigating local air pollution—specifically, the Clean Air
Chicago Public School Teachers Pension & Retirement Fund will soon conduct a search for one to three private equity managers to which it plans to commit a total of $20 million in 2021. The $11.2 billion pension fund’s board on
Northern Trust Asset Management launches Climate Aware Emerging Market Index Strategy Submitted 22/01/2021 – 4:32pm Northern Trust Asset Management has expanded its sustainability solutions with the launch of a unique, sustainable emerging market green transition index strategy, with climate change
Already up 21.60% to start 2021, the ALPS Clean Energy ETF (ACES) is on a torrid pace. Some market observers argue that there’s even more than meets the eye in the renewable energy realm.
Nordea wins USD240m mandate for sustainable EM strategy Submitted 21/01/2021 – 10:26am Finland’s Varma Pension Insurance Company has invested USD240 million into Nordea’s ESG-focused Emerging Stars Equity strategy. Sustainability is an integrated part of the investment process at Varma, which
PARIS–(BUSINESS WIRE)–Green Finance, the reference media for green finance, organized a WebConference on Tuesday 26th January at 4pm (Paris-time), open to institutional investors, asset managers, finance professionals, but also to local and regional authorities. “This Web Conference will be the
Varma Pension Insurance Co., Helsinki, selected Nordea Asset Management to manage $240 million in emerging market equity with a sustainable focus. The allocation was made to Nordea’s Emerging Stars Equity Fund, according to a news release on the fund’s website
Not yet a ‘climate bank’ By the end of the year the EIB will be ending its support for fossil fuels. It’s a crucial milestone in the global effort to tackle the climate crisis – not least for the EIB
The sustainability bond that is scheduled to be issued within 2021 at least 100 million yen, will refinance green buildings, basic infrastructure that protects people from natural disaster, elderly residences, and satellite offices for woman and SME’s that provide diverse
The Banque de France (BdF) has tightened the fossil fuel company exclusions applied to its own investment portfolio worth €22 billion ($27 billion), but campaigners called on the bank to “apply the same level of ambition to the immediate decarbonization
With the exponential growth of the ETF industry, providers are using lower fees to stand out from the masses. Yet ETF investors don’t want to sacrifice performance for a lower cost, making funds like the SPDR S&P Kensho Clean Power
(Bloomberg) — China is set to post the fastest growth in Asia for environmental, social and governance investments after the country boosted exchange-traded fund assets 18-fold in the past two years, according to estimates from Bloomberg Intelligence.China’s push for renewable
PARIS — The French central bank said on Monday it would exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards more environmentally friendly assets. Read More
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