Archive

Climate risk vulnerability significantly hikes emerging economy borrowing costs

Emerging economies that are highly vulnerable to climate risk have been hit with "significant rises" to their cost of borrowing, according to a report, more than doubling the sovereign bond yield premium compared with lower risk peers.

'The time is right to invest in natural capital'

How does HSBC Pollination Climate Asset Management aim to attract large-scale investment in natural capital, Michael Hurley asks

Re/insurers facing sixth consecutive year of major US wildfire losses

The US has endured its worst wildfire season, in terms of area burned, since the statistics began being tracked, and will result in multi-billion dollar insurance payouts, according to Aon.

Phoenix invests $85m in World Bank project to boost affordable housing

Life insurance and pensions firm Phoenix Group has invested $85 million in a Multilateral Investment Guarantee Agency (MIGA)-guaranteed loan, which will be used to improve access to affordable housing in Panama.

Sound climate risk management needs sound measurement, says Macklem

Bank of Canada governor Tiff Macklem said that robust measurement of climate risk in the economy is required to manage the "accelerating" risk posed by climate change and the transition to a low-carbon economy, with global initiatives starting to "bear fruit".

People Moves 9 October; AllianzGI; Context Labs; ECB; Investcorp; KPMG; Mirabaud; Bedford Row Capital; Palatine

HSBC faces criticism after Paris-aligned finance pledge

Banking giant HSBC has become the latest bank to commit to align its financed emissions - the carbon emissions of its portfolio of customers - to the Paris Agreement goal to achieve net zero by 2050 or sooner.

Hydrogen's explosive potential to green the economy

'Green' hydrogen promises many benefits to help decarbonise our economies, but it may need EU carbon prices to be five times higher by 2030. Ahren Lester reports.

ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge

APG invests $50m in 'racial equality' bond

Netherlands-based pensions asset manager APG has invested $50 million in Bank of America's $2 billion 'Equality Progress Sustainability Bond' that was issued last month.