News

• WCI carbon market update, 15 April 2019

  15 April 2019

  After four weeks of gains, the price of California Carbon Allowances (CCAs) may be due for some consolidation. But the PG&E bankruptcy case remains a wildcard in the market, says Nicolas Girod.*

• Actis creates ‘industry first’ impact measurement framework

  15 April 2019

  Emerging markets investor Actis has launched a framework to help limited partner investors compare the impact of their investments across different sectors and geographies, in what it claims is a first for private equity.

• French regulator calls for ‘green and brown’ taxonomy

  12 April 2019

  France’s financial regulator has called for the rapid introduction of a formal definition of investments that are beneficial or detrimental to the environment – a so-called taxonomy of ‘green’ and ‘brown’ assets.

• People Moves: Deka Investment, RCG, E3G and Actis

  12 April 2019

  Deka Investment, a subsidiary of German DekaBank with €282.9 billion (€320 billion) assets under management, has appointed Ingo Speich as head of sustainability and corporate governance.

• Dutch investors pressure oil and gas sector to strengthen climate targets

  12 April 2019

  A group of heavyweight investors including NN Investment Partners (NN IP), Actiam, Aegon and Kempen have urged the entire oil and gas sector to set stringent targets to reduce its greenhouse gas (GHG) emissions.

• Success of $32trn Climate Action 100+ ‘at risk’, say NGOs

  12 April 2019

  The success of the Climate Action 100+ (CA100+) collaborative investor engagement initiative is being jeopardised because many investors are failing to fully support it, according to a group of civil society organisations.

• S&P launches ESG evaluation tool

  11 April 2019

  S&P Global Ratings has launched its long-awaited environmental, social and governance (ESG) evaluation tool, in a move that will throw it into direct competition with existing sustainability rating providers such as MSCI.

• LGIM calls on policy makers to take action on climate change

  11 April 2019

  Legal & General Investment Management (LGIM) has called on governments to urgently bring in policies to tackle climate change, such as a carbon tax, after it conducted modelling that found there is a compelling economic case for immediate action.

• Hong Kong regulator says funds must justify their ESG claims

  11 April 2019

  Hong Kong’s securities regulator has said that funds claiming to consider environmental, social or governance (ESG) factors must explicitly disclose how they do this, after its own assessment found that a majority of funds it regulates fails to do so.

• $26trn impact investment opportunity waiting to be unlocked, says IFC

  11 April 2019

  Investors’ appetite for impact investing could be as high as $26 trillion globally, according to estimates by the International Finance Corporation (IFC).