Macquarie and BT Pension push TPI support past $20trn
Membership of the Transition Pathway Initiative (TPI) has surged past the $20 trillion milestone, just over three years after it was launched.
GPIF predicts equity boost and bond pain from more stringent climate policies
The largest pension fund in the world has estimated its equity portfolio could experience an accelerating valuation boost if more stringent climate policy restrictions are introduced to reach global targets, whereas its corporate bond portfolio could suffer deeper losses as policy tightens.
BlackRock's iShares launches first climate-risk adjusted government bond fund
BlackRock has launched a product that is believed to be the first climate-risk-adjusted exchange-traded fund (ETF) to invest in government bonds.
Taiwan's TDCC launch ESG ratings dashboard
The Taiwan Depository and Clearing Corporation (TDCC) has launched a dashboard to help issuers and investors access environmental, social and governance (ESG) ratings for Taiwanese firms, using data from four partnered ESG data providers.
ESG data market 'to more than double, to $5bn'
The environmental, social and governance (ESG) data and services market could more than double to over $5 billion by 2025, it has been forecast, as institutional investor interest grows in the wake of the Covid-19 pandemic.
HSBC launches 'next generation' sustainable equity ETFs
HSBC Global Asset Management (HSBC GAM) has launched three sustainable equity exchange-traded funds (ETFs) targeting firms with strong environmental, social and governance (ESG) scores that are transitioning to a low-carbon economy.
Largest private pension scheme in UK announces first divestments
The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.
Transition Pathway Initiative eyes analysis of corporate debt market
The Transition Pathway Initiative (TPI) plans to extend its analysis of management quality and carbon performance to corporate issuers of fixed income products.
BlackRock hails sustainable ETFs in wake of Covid-19
Sustainable ETFs chalked up another resilient performance amid the market turmoil in the wake of the coronavirus pandemic. BlackRock's regional sustainable ETF head tells Ahren Lester what may have driven this, and what it means for the future of the asset class.