News

• Report delivers 'wake-up call' to bond markets

  20 November 2012

  A report claiming that credit ratings are failing to take into account the destruction of countries' natural resources must serve as a "wake-up call" to sovereign bond markets, it was claimed.

• Sandy losses will overwhelm federal flood programme

  20 November 2012

  The "staggering" flood losses created by Superstorm Sandy are set to leave the National Flood Insurance Program (NFIP) in the US needing to borrow billions more dollars to cover claims.

• PRI appoints MD, names new signatories and exclusions

  19 November 2012

  The Principles for Responsible Investment (PRI) Initiative has appointed a managing director, and released a list of the most recent signatories and departures.

• Cataclysmic 4°C temperature rise looms – World Bank

  19 November 2012

  The World Bank has become the latest organisation to warn that key climate change targets are set to be missed, with temperatures on course for a "cataclysmic" 4°C rise, threatening misery for hundreds of millions of people.

• EIB issues $111m climate bond

  16 November 2012

  The European Investment Bank (EIB) has issued its second 'green' bond this year – a SEK750 million ($111 million) bond which has sparked significant interest from investors in Asia.

• US SRI assets' share of overall investment shrinks

  15 November 2012

  Despite the growth in absolute value of socially responsible investment (SRI) assets in the US, their share of all assets under management in the country is down, according to the latest bi-annual study from the US Social Investment Forum (US SIF).

• NGOs warn financial institutions on APP financing

  15 November 2012

  Sixty leading environmental and social NGOs have called on financial institutions to refuse to lend to Asia Pulp and Paper (APP), part of Indonesia's Sinar Mas Group, amid deforestation concerns.

• FTSE to launch first investable green property indexes

  15 November 2012

  The first investable green property indexes are to be launched by the FTSE Group, marking a "milestone" for real estate markets.

• BP, Chevron lag sector in ESG risk management – MSCI

  15 November 2012

  BP and Chevron are not doing enough to manage their exposures to environmental risks, according to MSCI, which warned that the oil and gas sector's negative impact on the environment is set to increase.

• Deutsche AM closes high-profile climate change unit

  15 November 2012

  Deutsche Asset Management has shuttered DB Climate Change Advisors (DB CCA), its New York-based climate change investment research division.