News

Climate stocks shine in year of Covid-19, says HSBC

Companies that earn revenues by providing climate solutions have consistently outperformed in a year marked by the coronavirus pandemic, according to research from HSBC.

Enel, Pimco launch CFO principles for SDGs

Pimco and Enel have helped launch a set of principles designed to drive increased corporate investment in support of the UN Sustainable Development Goals (SDGs).

At least $44bn/year required to double conservation areas, says McKinsey

An additional $20 billion to $45 billion would be required each year - on top of the current $24 billion already being spent - to double the conservation of land and national waters, according to analysts at consultants McKinsey.

Sompo is first Japanese insurer to introduce restrictions on coal

Sompo has become the first Japanese insurer to introduce restrictions on its involvement with coal, although environmentalists argued its policy comes with "significant loopholes".

Bond round-up: VW, Novartis, EIB, Verizon, Rabobank, Qatar ... and more

Biodiversity impact measurement tool for investors to be created

Four French asset managers have issued a mandate to develop a tool to help investors integrate nature and biodiversity considerations into their decision making.

ECB gives green light to sustainability-linked bonds

The European Central Bank (ECB) has announced that sustainability-linked bonds (SLBs) will be eligible as collateral and for its asset purchase programmes from 2021, delivering an important boost to the nascent asset class.

Green and sustainability-linked loan round-up: Aligned, Farrer Park, StarHub, FENC and Iberdrola

Most financial institutions don't push for ambitious EU sustainable finance strategy

Many financial institutions are failing to support an ambitious EU sustainable finance strategy, according to a report on lobbying by NGO InfluenceMap, with just a handful supporting and actively engaging with the European Commission's policy.

Ratings agency Kroll warns on possible US curbs on ESG investments

Proposed rules on the fiduciary duties of US pension plans "could have far-reaching implications for the investment community as well as on any investments that aim to create a positive social or environmental impact," according to ratings agency Kroll.