Archive

Exxon adds Ubben to board ahead of AGM

ExxonMobil has appointed Jeff Ubben to its board, in an apparent concession to demands made by the activist investor to reposition its business model to reduce the impact of its business on climate change.

Biting the hand that feeds it: Brazilian meat sector's degradation of natural capital

The meat industry is becoming increasingly important for Brazil's economy. But as explored in a new special country report from the Coller FAIRR Protein Producer Index for investors, its degradation of natural capital has the potential to undermine its growth and sovereign risk rating, warns Maria Lettini

Danish pension fund invests in 'women's empowerment' fund

Danish pension fund Pædagogernes Pension (PBU) provided DKK 100 million ($16 million) as lead investor in the first close of SEAF's Women's Economic Empowerment Fund.

Barclays joins alternative protein funding round

Barclays, ADM Capital and GV (formerly Google Ventures) led a $32 million funding round by Air Protein, which uses 'vertical farming' to produce protein that is a low-carbon alternative to meat.

News Round Up: State Street, Bank of America, CFA Institute, and more

Etihad Airways issues 'world's first transition sukuk'

United Arab Emirates (UAE)-owned Etihad Airways has issued a five-year $600 million sustainability-linked 'transition' sukuk, believed to be the first of its kind in the world and the first sustainability-linked bond in the airline industry.

CA100+ ups pressure on corporates to align lobbying with Paris Agreement

Institutional investors with a combined $6.5 trillion in AUM have issued "urgent" demands to 47 of the largest US-based corporate greenhouse gas (GHG) emitters to disclose their climate lobbying practices.

NBIM says investment exclusions could cost it NOK3bn a year

The manager of the giant Norwegian sovereign wealth fund said its portfolio underperformed by 1.3 percentage points due to exclusions of companies based on environmental, social and governance (ESG) concerns since 2006, which could cost it NOK2.8 billion ($300 million) in 'lost' returns if replicated in the future.

Insured losses from hurricane Laura could reach $9bn

Insured losses from hurricane Laura, which devastated parts of the US Gulf Coast last week, may reach $9 billion, according to estimates from two catastrophe risk modelling firms.

Task Force on Nature-related Financial Disclosures working group announced

Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).