News

EU carbon market update, 18 March 2019

Fewer auctions of EU Allowances this week should support the EU Allowance price, but continuing Brexit uncertainty is likely to keep any gains in check, says Louis Redshaw.

Beyond Ratings gains credit rating agency accreditation

Beyond Ratings is now able to issue credit ratings for public issuers of debt, having received accreditation from the European Securities and Markets Authority (ESMA) – news that has been welcomed as a “game-changer” by the company.

Wheb wins sustainable equity mandate for UK local governments

Wheb Asset Management has been chosen by West Midlands Pension Fund to manage an active global sustainable equity mandate under a multi-provider framework agreement for authorities in the UK's Local Government Pension Scheme (LGPS).

MS&AD plans to launch ¥10bn sustainability bond fund

Japanese insurance group MS&AD plans to launch a sustainability or green-themed bond fund with a target size of ¥10 billion ($90 million) in 2019, Environmental Finance has learned.

RGGI carbon price slips back, but remains above $5

The price of emission allowances in the US Regional Greenhouse Gas Initiative (RGGI) fell slightly in the latest auction, with the clearing price dropping to $5.27 from the $5.35 recorded in December.

MEAG and Luxcara seal debt and equity deal for wind farm

German asset managers MEAG and Luxcara have structured a debt and equity deal to finance two wind farms in Norway.

NNIP grows sustainable and impact assets by 53%

NN Investment Partners (NNIP) grew assets under management (AuM) in 'sustainable' and 'impact' funds and mandates by 53% in 2018, up to €16.5 billion ($18.7 billion).

People Moves: BMO Global Asset Management, ClimateWorks Foundation, Japan's Financial Services Agency, Rockefeller Capital Management, Global Parametrics, Refinitiv, Aviva Investors, FIM Asset Management and S-Bank Wealth Management

Shell sets first short-term climate targets

Oil major Shell has set short-term targets to reduce its carbon emissions for the first time, in a move that has been welcomed by investors as a significant landmark for climate-related engagement.

FC4S launches Africa platform

The UN-backed Financial Centres for Sustainability (FC4S) network has launched an African platform.