News

People Moves, 29 May: Candriam; Yes Bank; Sean Kidney; IIRC; Element Markets; The Path; DCO Energy; J Streicher; IADB; Vivid Economics; ShareAction; ImpactAssets; Artemis

BBVA issues €1bn Covid-19 bond

Spanish financial services company BBVA has priced a €1 billion ($1.1 billion) Covid-19 social bond, making it the first private financial institution in Europe to do so.

Chinese regulators to exclude 'clean' fossil fuels from green bond standard

Chinese regulators propose to exclude controversial 'clean' fossil fuel projects from their list of eligible green bonds.

Scor joins Net-Zero Asset Owner Alliance

Advances disinvestment from coal, total withdrawal by 2040

€6trn investor group backs call for biodiversity impact framework

Investors with a combined €6 trillion ($6.6 trillion) in assets have backed a call for the development of a methodology to assess physical impacts on biodiversity of investments and corporate behaviour.

EU's €750bn recovery plan to use green taxonomy

The European Commission's €750 billion ($825 billion) Covid-19 recovery fund will be geared around climate action, including an expansion of the EU emissions trading scheme.

Investor climate pressure builds on US oil majors as BlackRock steps-up

US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.

Economic rebound will be 'final test' for ESG funds, says Candriam

After delivering relative outperformance before and during the coronavirus (Covid-19) crisis, the "final test" for environmental, social and governance (ESG) funds will be how they perform during the ongoing rebound, says Candriam.

Energy storage and agriculture are most attractive Q2 climate plays - HSBC

Energy storage technologies that support the deployment of renewable energy currently offer the most attractive investment opportunities within the climate change theme, according to HSBC analysts.

Cicero's equity assessment service combats 'imperfect' ESG ratings

Cicero Shades of Green said its recently-launched equity assessment service looks to address "imperfect" ESG ratings of climate risk, as well as departing from the use of proceeds model typically used in the green bond market.