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Telefonica Germany takes out €750m sustainability-linked loan
19 December 2019Telefonica Germany has agreed a €750 million ($835 million) revolving credit facility with a syndicate of three banks, the margin on which will be determined by the company's performance on sustainability criteria.
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Just 30% of EU pension schemes have ESG risk management strategy - EIOPA
18 December 2019Only about 30% of occupational pension schemes in the EU have a strategy to manage environmental, social or governance (ESG)-related risks to their investments, a stress test by the European regulator has shown.
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China to see ESG grow in importance in 2020 - Morgan Stanley
18 December 2019Environmental, social and governance (ESG)-themed analysis of shares in China-based companies is likely to grow significantly next year, according to Morgan Stanley.
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Record month for ESG ETFs, says Lyxor
17 December 2019November saw record inflows for exchange traded funds (ETF) that explicitly consider sustainability criteria, according to Lyxor Asset Management.
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Goldman Sachs' environmental policy 'a crucial first step' for US banks
16 December 2019Goldman Sachs' updated environmental policy marks "a crucial first step, among US banks, on ending financing for the expansion of oil and gas", according to a group of NGOs.
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First State asks US companies for more SDG-aligned information
16 December 2019The managers of First State Investments' Sustainable Listed Infrastructure fund have made disclosing in line with the UN Sustainable Development Goals (SDGs) a key part of their efforts to improve US companies' "patchy" sustainability-related disclosures.
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Drilling into corporate supply chains to tap demand
13 December 2019Demand for Renewable Energy Certificates (RECs) could be set to soar as companies look to decarbonise their supply chains, Michael Hurley writes
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Policy response to climate change to 'wipe $2trn off companies' value'
10 December 2019An abrupt and disruptive policy response to the risks presented by climate change is forecast to permanently wipe about $2 trillion off the valuation of companies in the MSCI All Countries World, index (ACWI) according to analysis backed by the Principles for Responsible Investment (PRI).
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EU agreement will make Taxonomy 'much more extensive in scope'
06 December 2019A provisional agreement by the EU on the structural outline of its Taxonomy of sustainable activities has significantly broadened its scope and answered critics who suggested it would be too 'niche', according to a member of the team tasked with helping devise it.
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Consultation on TEG's draft Taxonomy receives 6,900 responses
06 December 2019