People Moves 31 July: HSBC; UNEP FI; Tribe
Riksbank divestments ‘open floodgates’ to questions on climate divestment
The Swedish Riksbank’s climate-related divestment from carbon-intensive issuers is set to ramp up the pressure on other investors who hold the bonds, demonstrating the potential influence of central banks on climate change, market observers have said.
NN IP endorses dedicated green bond allocation for investors
Dutch asset manager NN Investment Partners has called on investors to dedicate a separate part of their portfolios to exclusively buy green bonds.
Social bonds are a 'distraction' from green bonds
Social bonds are a 'distraction' from green bonds, as most mainstream investors are just getting used to the latter, Ulf Erlandsson, senior portfolio manager at Swedish pension fund AP4, told Environmental Finance's Green Bonds Europe Conference.
Erlandsson leaves AP4 for Granit Fonder
Swedish asset management company Granit Fonder has hired Ulf Erlandsson as its new head of fixed income. He will take up his new post in August.
Spanish oil company issues controversial green bond
Spanish oil company Repsol has issued a controversial €500 million ($543 million) green bond that will be partly used to fund energy efficiency projects in its oil and chemical refineries.
Divesting bonds from high-carbon issuers 'would not sacrifice alpha'
Bond portfolios that divest issues from companies with high carbon footprints would not sacrifice significant alpha, research has suggested.
Show me the green money!
Issuers of green bonds are increasingly seeking 'green investors'. But how to define a green investor, and why target them, asks Hamza Ali
Revised GBPs get qualified welcome from investors
New guidance for issuers of 'social' bonds and 'pure-play' green bonds, in the latest version of the Green Bond Principles (GBPs), has been broadly welcomed by investors.