News

£40bn pension pool joins Just Transition collaborative engagement

Engagement on the social impacts of the transition to a low-carbon economy has been identified as a "rapidly-moving" area of focus by the £40 billion ($52 billion) Northern pool of UK pension schemes.

EU carbon market update, 23 December

EU Allowances look set to surge in the absence of auctions, says Tom Lord*

The Hartford announces coal divestment policy

US insurer The Hartford will no longer invest in companies that generate more than 25% of their revenue from fossil fuels, whether it be the mining of, or energy production from coal, or extraction of oil from tar sands, according to its new policy.

Investors welcome strengthened Anglo American climate lobbying policy

Major investment firms have welcomed the mining giant Anglo American agreeing to align its lobbying activity to the goals of the Paris Agreement.

IIF urges NGFS to help standardise climate risk analysis

The Central Banks and Supervisors' Network for Greening the Financial System (NGFS) has been urged to align approaches to assessing climate risk, including scenario analysis.

LuxFLAG label sees 78% growth in 2019

A further 26 investment funds have been granted a LuxFLAG label, capping a year of strong growth for the sustainable finance labelling scheme.

Shipping industry's $5bn decarbonisation research commitment judged too small

Proposals by the International Chamber of Shipping (ICS) for a $5 billion levy on shipping to fund research into how to decarbonise the industry was dismissed as "a drop in the ocean" by environmental campaigners.

GPIF signs partnership to invest in development bank's social bonds

Japan's $1.6 trillion Government Pension Investment Fund (GPIF) has signalled its intention to buy social bonds issued by the Council of Europe Development Bank (CEB).

Siemens Gamesa links €2.5bn loan to sustainability performance

Wind turbine manufacturer Siemens Gamesa has agreed to link the margin on its main financing facility to its performance against sustainability criteria.

People Moves 20 December