News

• Boston Common backs ‘blue economy’ finance principles

  30 October 2018

  Boston Common Asset Management has added its name to the growing number of financial institutions that have endorsed a set of principles for investing to support the world’s oceans.

• Japan's GPIF reports improved ESG ratings for its equity portfolio

  29 October 2018

  Japan's giant Government Pension Investment Fund (GPIF) said the companies in which it invests showed an improvement in their evaluations for environmental, social, and governance (ESG) performance in the 12 months to March 2018.

• Exchanges link with IFC to raise ESG standards in emerging markets

  29 October 2018

  The International Finance Corporation (IFC) and the UN Sustainable Stock Exchanges (SSE) Initiative have agreed to work together to help raise environmental, social, and governance (ESG) standards across capital markets in emerging economies.

• First sovereign blue bond launched

  29 October 2018

  The Republic of Seychelles has issued a first-of-its-kind sovereign 'blue bond' to help conserve its marine environment, sparking hopes that the deal will kickstart a new market for ocean-themed bonds.

• Pension funds grill major companies on climate lobbying

  29 October 2018

  A group of more than 50 major companies have been challenged on their approach to climate lobbying by investors with assets of about $2 trillion.

• Miner slams MSCI's ESG rating report

  26 October 2018

  A mining company has launched an extraordinary attack on its most recent environmental, social and governance (ESG) rating report from MSCI, branding it superficial, distorted and misleading.

• Hurricanes spark 'witches brew of litigation' in US

  26 October 2018

  "A witches' brew of litigation" is being brought in Texas in the wake of the hurricanes Harvey, Irma and Maria, a lawyer has warned, highlighting the growing liability risks that climate change and extreme weather events pose to businesses and insurers.

• People Moves: CalSTRS, BNP Paribas, ERAFP, GWEC, FC4S and Cornerstone

  26 October 2018

  Kirsty Jenkinson has been appointed as director of corporate governance at the California State Teachers' Retirement System (CalSTRS) and replaces Anne Sheehan, who retired in March.

• Asian asset owners and managers flagged for poor TCFD reporting

  26 October 2018

  Asset owners and asset managers in Asia are lagging far behind their regional peers in disclosure, a report examining the adoption of the Task Force on Climate-related Financial Disclosures (TCFD) has found.

• MAPFRE launches ESG fund

  26 October 2018

  Marking first collaboration with La Financière Responsible