-
Insurance and Climate Risk Americas 2019
30 September 2019Delegates at Environmental Finance’s Insurance and Climate Risk Americas conference in New York heard how climate-related legislation is racing up the agenda in the US, Michael Hurley reports
-
First US state financial regulator joins NGFS
25 September 2019The New York State Department of Financial Services (NYSDFS) has become the first US state financial regulator to join the Network of Central Banks and Supervisors for Greening the Financial System (NGFS).
-
Equator Principles revision under fire from investors and NGOs
28 August 2019A proposed revision of the Equator Principles does not go far enough in respecting the rights of indigenous peoples affected by major investment projects, according to more than 50 institutional investors.
-
RGGI carbon allowance prices rise as $74m raised at auction
10 June 2019The Regional Greenhouse Gas Initiative (RGGI) carbon trading scheme of nine northeastern US states has raised a combined $74 million at its second auction in 2019.
-
New Jersey poised to re-join RGGI
18 December 2018New Jersey Governor Phil Murphy has announced plans for the state to re-join the Regional Greenhouse Gas Initiative (RGGI).
-
Legislation to clarify fiduciary duty could be mistake, says law firm
18 October 2018Efforts to clarify investors’ fiduciary duty with regards to environmental, social and governance (ESG) factors in regulation are misplaced and could “unnecessarily box investors in”, according to law firm Baker McKenzie.
-
Manulife warns of the pitfalls of tighter green bond regulation
08 October 2018The first global life insurance issuer of green bonds has a message for policymakers eyeing stricter regulation: keep it simple. Michael Hurley reports
-
UK pension trustees must reveal ESG policy under new rules
12 September 2018Trustees of UK-based pension schemes will be required to state how they consider environmental, social and governance (ESG) factors in their investment strategies from next year, following regulatory changes.
-
Green bonds round-up, 4 July
04 July 2018Spanish utility Iberdrola has returned to the market with its tenth green bond. The €750 million deal pays a coupon of 1.25% and matures in October 2026.
-
California conducts US insurance investment climate risk study
09 May 2018California's insurance commissioner Dave Jones has conducted a state-wide climate risk analysis of insurance companies' investments in fossil-fuels, making it the first US financial regulator to carry out this kind of test.