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European Commission provides the sustainability weapon... ammunition to follow
11 January 2019Investment professionals have given a mixed reaction to draft EU rules on integrating sustainability in the fiduciary duty of investment firms and insurers. These rules are tied to another piece of legislation currently being designed and whose outcome could lead to significant change… or further greenwashing. Vincent Huck reports
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Nippon Life backs TCFD and invests in offshore wind
18 December 2018Nippon Life Insurance Company – Japan’s largest life insurer – has committed to report in line with the recommendations of the Task Force on Climate-related Financial disclosures (TCFD).
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French insurers’ climate-related disclosures mostly ‘difficult to understand’, says WWF
26 November 2018French insurers' climate-related disclosures have improved, but the information is still often inaccessible and difficult to understand, according to research by WWF France.
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Major insurers to cooperate on climate risk tools
14 November 2018The UN Environment Programme Finance Initiative (UNEP FI) has announced a partnership with 16 of the world largest insurers to develop a new generation of climate risk assessment tools.
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Aviva backs initiative to monitor corporate progress on SDGs
25 September 2018A coalition of public and private sector stakeholders, including UK insurer Aviva, have launched the World Benchmarking Alliance (WBA), with the aim of helping businesses do more to achieve the UN Sustainable Development Goals (SDGs).
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Insurers underperform on ESG integration, says Vigeo Eiris
22 August 2018The insurance industry must work harder to improve its consideration of environmental, social and governance (ESG) issues, according to a report which ranked it 23rd out of 39 industries for its performance on reporting and integration.
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BlackRock launches ESG emerging market debt funds
10 August 2018With the products expected to spark interest amongst insurers
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Climate change increases cost of debt for developing countries
06 August 2018The intensification of climate risks and the degree to which they are accurately priced by financial markets are of increasing concern to global economic stability. However, as awareness around those risks has risen over the last years, there is still a long way to go to consistently measure and monitor their costs, which can result in substantial gains or losses for institutional investors. Vincent Huck reports
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Green bonds round-up, 1 August 2018
01 August 2018Moody's Investors Service has lowered its expectations for green bond issuance this year, in light of slower growth in the first six months.
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AllianzGI invests in IDB bond for Uruguayan solar plants
23 July 2018Allianz Global Investors (AllianzGI) has invested, on behalf of unnamed clients, in a private placement refinancing of two solar photovoltaic plants in Uruguay owned by clean power generator Atlas Renewable Energy.