Phoenix estimates 20% of equity and credit assets exposed to high transition risks
Some 20% of Phoenix's listed equity and credit portfolios are exposed to sectors at high risk in the transition to a net-zero economy, such as energy, utilities, industrials and materials.
Aviva completes divestment of £2.5bn in fossil fuel companies
Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.
Zurich excludes five fossil-fuel companies with non-credible transition plans
Zurich has excluded five companies from its investment and underwriting activities as it no longer considered their "progress against transition plans to be credible".
'Capex must be a focus of energy transition engagement', investors told
Asset managers grappling with the energy transition have been urged to prioritise engaging on companies' capital expenditure (capex) plans.
Federated Hermes 'will use its say-on-climate votes'
Federated Hermes' EOS stewardship platform has defended say-on-climate votes, after an asset manager said it would abstain from taking part over concerns they might limit investors' ability to challenge strategies in the future.
Carney: More capital must be allocated to help dirty companies transition
The bulk of capital needs to flow to companies that are not yet aligned with the goals of the Paris climate agreement but need investment to help them shift, Mark Carney has said.
Research: Transitioning insurers' portfolios
Environmental Finance's sister publication Insurance Asset Risk and J.P. Morgan Asset Management have launched the third edition of their annual research report into the sustainable investing practices of insurers.
Framework launched to assess climate in sovereign bonds
A proposed framework will create a "common language" to help investors better understand countries' climate risk and opportunities, and engage with them on the subject, one of its creators said.
Climate resilience a key theme for 2023, says BlackRock
Climate resilience is likely to be a key driver for investors in 2023, and continue to have significant implications for thematic investing, BlackRock has said.
Mirova plans $500m blended finance emerging markets renewables fund
Impact specialist Mirova said it expects "very soon" to reach a first close on a blended finance fund that will invest in renewable energy in Africa, Asia and Latin America