News

• BlackRock and CPPIB back stewardship code for long-term investors

  02 July 2019

  FCLTGlobal, a non-profit organisation led by institutional investors including the Canada Pension Plan Investment Board (CPPIB) and BlackRock, has released new guidelines that aim to help asset managers become better long-term investors.

• GPIF to invest in more CAB bonds to boost standardisation

  02 July 2019

  Japan's Government Pension Investment Fund (GPIF) is to invest in "larger amounts" of climate awareness bonds (CABs) and sustainability awareness bonds (SABs) from the European Investment Bank (EIB) and help boost standardisation, an EIB spokesman said.

• ESG risks increasingly affect insurers' credit profiles

  02 July 2019

  Environmental, social, and governance (ESG) risks increasingly affect insurers' credit profiles, with European insurers more exposed than those in other regions, according to rating agency Moody's.

• Chubb's coal exclusion policy to impact at least $10m of assets

  01 July 2019

  US insurer Chubb has announced it will not make new debt or equity investments in companies that generate more than 30% of their revenues from thermal coal mining or that generate more than 30% of their energy production from coal.

• Australian pension fund buys minority stake in Swiss impact firm

  01 July 2019

  Australian pension fund Christian Super has bought a “significant” minority stake in ResponsAbility Investments, a Swiss impact asset manager.

• ESG ratings reflected in sovereign credit spreads, says Hermes

  01 July 2019

  Countries that rate highly on environmental, social and governance (ESG) criteria benefit from tighter credit default swap (CDS) spreads than those with lower ESG ratings, a study has found.

• KfW green bonds price tighter in the secondary market

  01 July 2019

  Bonds issued by German development bank KfW appear to trade at a slight premium to their vanilla counterparts, Environmental Finance's ESG and Fixed Income conference heard.

• Dai-Ichi Life invests $200m in green and sustainability bonds

  01 July 2019

  Dai-ichi Life Insurance has invested JPY21.6 billion ($200 million) in green and sustainability bonds issued by two development banks.

• People Moves: Carmignac

  28 June 2019

  Justin Kew has been appointed as sustainability manager at Paris-based asset manager Carmignac.

• Video: impact metrics should be more comparable

  28 June 2019

  Impact reporting is crucial for investors as they gain access to transparent information about where their money go, how they are using them and what is the impact or their investments, according to Angela Brusas, Senior Funding Manager at Nordic Investment Bank.