News

• CPR and CDP launch disclosure-focused climate fund

  31 January 2019

  CPR Asset Management and CDP have launched a ‘climate fund’ to invest in global equities that best manage climate change-related risks, based on company disclosures.

• Bondholders ‘fail to engage on climate change’

  31 January 2019

  Bondholders have little appetite to engage with companies on climate change, and are relying on governments to step in to resolve the problem, a study has argued.

• FRC includes ESG in draft Stewardship Code

  30 January 2019

  The UK's Financial Reporting Council (FRC) has issued a draft update to its Stewardship Code, which makes it clear that makes it clear that signatories are expected to take material environmental, social and governance (ESG) into account.

• Green bond round-up, 30 January

  30 January 2019

  Spanish telecommunications company Telefonica has made its debut in the green bond market, raising €1 billion in a five-year deal. It claims this is the first bond from an issuer in the telecoms sector.

• ABP launches energy transition fund

  30 January 2019

  Dutch Stichting Pensioenfonds ABP (ABP), which has €399 billion of assets under management, has launched an energy transition fund to reduce carbon dioxide emissions and finance the energy transition in the Netherlands.

• Climate disclosure should benefit the economy, say analysts

  30 January 2019

  Better disclosure of how companies are affected by climate change can yield economic benefits, as well as highlighting potential risks, analysts stress.

• Hermes EOS identifies mining companies as engagement focus

  29 January 2019

  Hermes EOS has identified mining companies as a focus for engagement over the next two years, as it looks to build on its 2018 interactions with corporates – about half of which were successful.

• Nordea AM launches first ESG-based fixed income fund

  28 January 2019

  Nordea Asset Management, the largest private investor in the Nordic region, has launched a fixed-income fund based on environmental, social and governance (ESG) criteria.

• EU Carbon market update, 28 January 2019

  28 January 2019

  An increase in auction supply will pose a test of demand for EU Allowances this week, but the weather could also have an influence, says Louis Redshaw.

• ESG ratings companies warn of PG&E 'cautionary tale'

  28 January 2019

  ISS-oekom, Sustainalytics and MSCI have urged investors to take heed of the ‘cautionary tale’ of PG&E, whose long history of subpar performance on managing environmental risks has for years been flagged by their ratings.