News

WCI Carbon Market Update, 2 December 2019

The market for California Carbon Allowances has a more bullish tone after the 19 November auction, says Nicolas Girod*.

Insurers should lead on climate change action, says Eiopa chief

Insurers should be leading the way in tackling climate change, according to the chair of the European Insurance and Occupational Pensions Authority (Eiopa).

Swiss Re saluted for reducing coal underwriting and investment

Swiss Re has been doing more than other insurers to limit its exposure to coal on both sides of the balance sheet, a report by Unfriend Coal has revealed.

Carney named special envoy on climate

Bank of England governor Mark Carney has been appointed UN Special Envoy for Climate Action and Finance.

People Moves, 29 November

IASB clarifies climate expectations as Big Four face investor scrutiny

The International Accounting Standards Board (IASB) has clarified its expectations on disclosure of climate-related risks, as it emerged that a group of investors had pressured the Big Four accounting firms to focus more on climate.

ESG in fiduciary duty debate is over, says PRI

The debate about whether environmental, social and governance (ESG) issues are part of fiduciary duty "is now over", according to the Principles for Responsible Investment (PRI).

PRI to study ‘fundamental legal questions’ on impact investing

‘Fundamental legal questions’ surrounding impact investing will be the subject of a far-reaching study commissioned by the Principles for Responsible Investment (PRI).

Transport taking rising share of climate finance, says think tank

Finance for low-carbon transport has risen sharply in recent years to about $141 billion annually in 2017/18 – about 24% of all global climate finance – according to the Climate Policy Initiative (CPI).

Bonds round-up: Nidec, CNP Assurances, Citycon, Ygrene, World Bank, munis ... and others