News

• Renewables projects have highest 'carbon yield', says Affirmative

  01 October 2018

  Renewable energy projects generate greater carbon savings than other types of projects funded by green bonds, according to recent research.

• People Moves: Stockholm Sustainable Finance Centre, CalPERS and E3G

  28 September 2018

  Magnus Billing, CEO of Sweden's pension fund Alecta, has been appointed as chair of Stockholm Sustainable Finance Centre's advisory board.

• Carney launches Climate Financial Risk Forum

  28 September 2018

  The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a survey revealed that only 10% of banks are treating the issue as a strategic risk.

• BMO starts examining companies' 'plastic footprints'

  28 September 2018

  BMO Global Asset Management is working to introduce the concept of 'plastic footprints', similar to carbon footprints, to encourage companies to measure and disclose their plastic usage to investors.

• BlackRock in public-private venture to mainstream 'climate infrastructure'

  27 September 2018

  BlackRock, with $6.3 trillion assets under management, has joined a group of public and private sector funders in an initiative which seeks to mainstream 'climate infrastructure' in emerging markets.

• ShareAction publishes recommendations for banking engagement

  27 September 2018

  NGO ShareAction has published a list of climate-related themes on which investors can engage banks.

• Insured losses from typhoon Mangkhut could hit $2bn

  27 September 2018

  Insured losses from typhoon Mangkhut in mainland China, Hong Kong and Macau are estimated to range between $1billion and $2 billion, catastrophe risk modeller AIR Worldwide has warned.

• Green bond round-up, 26 September 2018

  26 September 2018

  The Asian Development Bank has issued a $750 million green bond – its first benchmark transaction denominated in USD since August last year.

• TCFD exceeds target of 500 supporters

  26 September 2018

  A total of 513 organisations have now expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), beating the secretariat's target of 500 by the end of this year.

• Green bonds lie in insurers' sweet spot, says BlackRock

  26 September 2018

  More insurers should consider investing in green bonds, as they are suitable for meeting their investment objectives while helping avert climate risk, according to BlackRock.