News

• Nasdaq launches 'world-first' ESG index-based futures contract

  15 October 2018

  Nasdaq claims it has launched the world's first exchange-listed futures contract based on an environmental, social and governance (ESG) index.

• Development banks eye private capital to tackle plastics pollution

  15 October 2018

  The European Investment Bank (EIB), Agence Française de Developpement (AFD) and Germany’s KfW are joining forces to support an initiative that they hope will ‘crowd-in’ private capital to reduce plastic pollution of the oceans.

• European insurers to face climate stress tests in 2020

  15 October 2018

  The European Insurance and Occupational Pensions Authority (Eiopa) is set to include climate change and sustainability risks in its 2020 stress test for insurers.

• EU ETS prices not high enough to trigger switch from coal, says Natixis

  15 October 2018

  The surge in the price of EU carbon allowances in the past months remains insufficient to trigger a switch away from heavily polluting fuels such as coal, according to French bank Natixis.

• PRA 'expects' banks and insurers to report climate risks

  15 October 2018

  Insurers and banks are to be expected to manage and report their climate-related risks, according to a draft supervisory statement from the UK's Prudential Regulation Authority (PRA).

• People moves: Aviva, ShareAction, Calvert

  12 October 2018

  Mark Wilson is to step down as CEO of Aviva in April 2019.

• BP CEO sparks row as he attacks scenario planning and divestment

  12 October 2018

  BP chief executive Bob Dudley attacked scenario analysis as "increasingly unhelpful" and "confusing for investors", while also criticising the fossil fuel divestment movement.

• Ireland issues €3 billion green bond

  12 October 2018

  The Republic of Ireland has made its debut in the green bond market with a €3 billion ($3.5 billion) transaction.

• Insurers 'will not be allowed to walk away' from areas hit by climate change

  11 October 2018

  Politicians "will eat insurers' lunch" if they try to walk away from insuring areas that suffer the adverse impacts of climate change, a regulator has warned.

• DNB’s energy transition stress test projects ‘sizeable’ losses

  11 October 2018

  Netherlands-based insurers and pension funds potentially face ‘sizeable’ losses of up to 10% of their assets in the next five years in the transition to a low-carbon economy, according to a stress test by the Dutch central bank.