Archive

ICSWG updates climate competency framework to include stewardship reporting

'Transition' firms preferring sustainability-linked over transition bonds

Sustainability-linked bonds are proving more popular for carbon-intensive issuers than transition bonds, and experts are worried the 'transition' label is adding unnecessary confusion in the market. Ahren Lester and Christopher Marchant report

News Round Up: Neuberger Berman, SIX, State Street, Solactive, and more

AFII criticises PFA Pension fixed income portfolio

Barclays criticised for fossil fuel lending growth

Barclays has been criticised by campaigners for increasing the amount it has lent to fossil fuel firms in 2020, just months after it pledged to become net-zero emissions across its lending portfolio by 2050.

Tar sand pipeline divestment doesn’t fit PGGM’s climate strategy, CIO says

Dutch asset manager PGGM has rejected criticism from Greenpeace that its investments in tar sand pipeline companies do not align with the aims of the Paris Agreement.

CPPIB to pay $1.4bn for Enbridge renewables assets

The Canada Pension Plan Investment Board (CPPIB) has agreed to pay an initial CAD1.75 billion ($1.37 billion) for a 49% stake in 16 renewables assets.

Investment consultants pledge to act on ESG guidance

Recent regulatory guidance that environmental, social and governance (ESG) factors should be taken into account by pension funds where they are financially material "puts trustees and their advisers under an obligation to react," according to two leading industry bodies.

US Bancorp to stop financing fossil fuel pipelines

US Bancorp, the second oldest charted bank in the US, will not invest in future oil and gas pipelines as part of a landmark new environmental policy.

EF BRIEFS: Enbridge, Foncière des Régions, Atlantis, Southern Power

Canadian energy company Enbridge has entered into a joint venture with a subsidiary of EDF to develop 1.4GW of offshore wind off the coast of France.