Archive

EU's €750bn recovery plan to use green taxonomy

The European Commission's €750 billion ($825 billion) Covid-19 recovery fund will be geared around climate action, including an expansion of the EU emissions trading scheme.

Investor climate pressure builds on US oil majors as BlackRock steps-up

US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.

Economic rebound will be 'final test' for ESG funds, says Candriam

After delivering relative outperformance before and during the coronavirus (Covid-19) crisis, the "final test" for environmental, social and governance (ESG) funds will be how they perform during the ongoing rebound, says Candriam.

Energy storage and agriculture are most attractive Q2 climate plays - HSBC

Energy storage technologies that support the deployment of renewable energy currently offer the most attractive investment opportunities within the climate change theme, according to HSBC analysts.

Cicero's equity assessment service combats 'imperfect' ESG ratings

Cicero Shades of Green said its recently-launched equity assessment service looks to address "imperfect" ESG ratings of climate risk, as well as departing from the use of proceeds model typically used in the green bond market.

DWS launches 'smart' ESG investment approach

Asset manager DWS has announced stricter environmental, social and governance (ESG) investment criteria, focused on identifying and engaging with firms with high climate transition risk and violators of international sustainability standards.

ESG reporting key to ride 'wave' of social housing investment

M&G and Insight Investment are among organisations that have drawn up draft criteria for social housing sustainability reporting, as they suggest "we are at the early stages of what may be a wave of equity investment in affordable housing".

Bond round-up: RBS, Credit Suisse, NADB, Southern California ... and more

EU carbon market update: 26 May 2020

The momentum in the EU Allowance market is with the bulls, but higher prices are likely to run into plenty of selling interest, says Tom Lord*

ACPR: Banks need to incorporate climate into risk management framework

The French Prudential Supervision and Resolution Authority (ACPR) has published a guide to good practices in governance and climate risk management for the banking industry.