News

• Equinor bows to investor pressure of Climate Action 100+

  25 April 2019

  Equinor has become the latest oil and gas company to bow to investor pressure to strengthen its climate targets.

• UBS's Baldinger: Don't over-regulate sustainable investments, the market is already on steroids

  25 April 2019

  UBS Asset Management's head of sustainable and impact investing has cautioned against regulating the market in the near future, calling the EU's work to develop a taxonomy of sustainable investment "worrying".

• Bond round-up – 24 April: China Three Gorges, Royal Bank of Canada, Citi, United Urban Investment, ANA Holdings

  24 April 2019

  Hydropower developer China Three Gorges (CTG) has issued green bonds worth CNY20 billion ($2.98 billion), according to local media.

• Disclose physical risk management strategy, green bond issuers urged

  24 April 2019

  Green bond issuers have been urged to improve their reporting on how they plan to adapt to potential physical risks posed by climate change, after a “first-of-its-kind” analysis claimed to highlight a low level of disclosure of such risks.

• Hannon Armstrong says its first ESG report aligns with TCFD

  24 April 2019

  Hannon Armstrong Sustainable Infrastructure Capital (HASI) has released its first environmental, social and governance (ESG) report, which it claims aligns with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

• Sustainable and impact forestry funds expect 8% returns, says GIIN

  24 April 2019

  Expected annualised returns from sustainable and impact forestry funds range from 7% to 18%, with a median of 8%, according to the Global Impact Investing Network (GIIN).

• MetLife boosts responsible investments

  24 April 2019

  MetLife, one of the world's largest insurance groups, increased its responsible investment portfolio by about $2 billion during 2018 to more than $52 billion, representing more than 8% of total assets under management.

• ESG initiatives by exchanges on the up, survey says

  24 April 2019

  Nearly all exchanges (90%) have some form of environmental, social and governance (ESG) initiative, an increase on 2017's 88%, according to the World Federation of Exchanges (WFE).

• EU carbon market update, 23 April 2019

  23 April 2019

  There were small gains for carbon last week, continuing the recent bull run, albeit only just. The week closed up 31c at €26.89 having been in 'holiday mode' for much of the week. We went into the week with a bullish outlook based on the low auction supply but expected some risk-off trading by long speculators as we approached the Easter weekend, and so it transpired. There were three days of gains followed by a decline on the fourth day with traded volumes tailing off as the week progressed.

• WCI carbon market update, 23 April 2019

  23 April 2019

  Last week, the price rally in California Carbon Allowances (CCAs) continued for the fifth consecutive week. Front month prices rose by $0.15 to $16.81 (+0.90%), and the price of December 2019 allowances increased by $0.11 ending at $17.43 (+0.64%). In CAD, CCA* V19 front month increased by CAD0.29 closing at CAD22.50 (+1.31%), and Dec-19 increased by CAD0.23 closing at CAD23.32 (+1.00%). The volume of CCAs traded fell from 29,401kt to 8,595kt, and the CCA total open interest increased by 2Mt to 162.6Mt.