Archive

IOPS says ESG integration 'is in line with fiduciary duty'

A group of 87 pension fund regulators and supervisors has been advised to clarify that the explicit integration of environmental, social and governance (ESG) factors into pension fund investment and risk management is in line with fund managers' fiduciary duties.

Greencoat Capital acquires biomass plant from Copenhagen Infrastructure Partners

Renewables investor Greencoat Capital has acquired the 40MW Templeborough Biomass Power Plant (TBPP) from Copenhagen Infrastructure Partners (CIP).

Four in five EU coal plants 'now running at a loss'

Financial think tank Carbon Tracker estimates that four in five EU coal power plants are unprofitable, and utilities could lose €6.6 billion ($7.3 billion) in 2019 as a result.

Bioenergy, agriculture and forestry groups lament EU Taxonomy criteria

The “regrettable divergence” of the EU sustainability taxonomy’s criteria from existing European renewable energy regulation has been criticised by a group of industry associations.

Seafood Stewardship Index launched

An index has been launched that ranks 30 of the most influential seafood companies on their commitments, transparency and performance in relation to the UN's Sustainable Development Goals (SDGs).

Bonds round-up 23 October 2019

ING: let's align climate reporting frameworks

Dutch bank ING has developed a strategy for aligning its lending portfolio with the Paris Agreement, and urges others to follow, Michael Hurley writes

CalSTRS plans $300m green bond

A $300 million green bond issue is planned to fund a new office building to be constructed by the California State Teachers' Retirement System (CalSTRS).

Hagibis may hit insurers for $16bn warns AIR Worldwide

Industry insured losses from typhoon Hagibis, which devastated large parts of Japan earlier this month, will range from JPY865 billion to JPY1.73 trillion ($8 billion to $16 billion), catastrophe risk modeller AIR Worldwide has predicted.

Insurers and pension funds plan increase in real asset holdings

European insurance companies and pension funds expect to increase their allocations to real assets over the next 12 months and 90% say environmental, social and governance (ESG) issues will be an important consideration in these investments.