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TCFD exceeds target of 500 supporters
26 September 2018A total of 513 organisations have now expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), beating the secretariat's target of 500 by the end of this year.
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CBA, Samsung and Bayer dropped from DJSI World index
13 September 2018S&P Dow Jones Indices and RobecoSAM have excluded Commonwealth Bank of Australia (CBA), Samsung Electronics and healthcare company Bayer from the widely-followed Dow Jones Sustainability World Index (DJSI World).
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The growing pains of green bond funds
31 August 2018A lack of size, diversification and awareness are among the main challenges facing the fledgling green bond market, a poll of fund managers has revealed. Molly Wilson reports
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Pimco wins AUD440 million ESG fixed income mandate
29 August 2018Australian pension fund Local Government Super (LGS) has awarded Pimco a mandate to manage AUD440 million ($322 million) of fixed-income securities according to environmental, social and governance (ESG) principles.
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Green bond funds double AuM in 12 months (Full table here)
24 August 2018Total assets under management (AuM) in green bond funds has more than doubled since July 2017, to $5.34 billion, according to a survey by Environmental Finance. In the same period, the number of funds has risen by more than a third, to 38.
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Munich Re tightens coal divestment policy
06 August 2018The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a guest article for German newspaper Frankfurter Allgemeine Zeitung.
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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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Allianz Global Investors buys wind farms in France
27 July 2018The firm seeks to expand its Allianz Renewable Energy Fund II
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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.
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Swiss Re sets thermal coal re/insurance threshold
02 July 2018Swiss Re will, from today, no longer provide re/insurance services to businesses with more than 30% exposure to thermal coal. The group already applies the same 30% threshold to the asset side of its balance sheet.