The UN's Global Investors for Sustainable Development (GISD) Alliance held its first meeting as it looks to 'free up trillions of dollars' from the private sector to finance the Sustainable Development Goals (SDGs).
The rate of investors adopting environmental, social and governance (ESG) into their strategies has declined over the last year, according to a survey by Royal Bank of Canada General Asset Management (RBC GAM). RBC GAM also found investors who were unsure of the ability of ESG adoption to manage risk rose as did the percentage of those who believed an ESG strategy would perform worse than a non-ESG one.
Moody's believes Sustainable Development Goals (SDGs)-linked bonds, such as Enel's recent €2.5 billion ($2.8 billion) issue, will become more common as investors are increasingly interested in issuers' overall sustainability credentials.
One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.
Allianz Global Investors (Allianz GI) and FMO Investment Management (FMO IM) have launched a UN Sustainable Development Goal (SDG)-aligned loan fund after successfully mobilising $1.1 billion for the innovative public-private investment fund.
A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".