News

• WCI Carbon Market Update, 30 September 2019

  30 September 2019

  CCAs recovered some of their recent losses last week and the activity of financial participants remains key to future price moves, says Nicolas Girod*.

• Financial centres boost their green credentials

  30 September 2019

  Green finance is growing steadily in almost all the world's financial centres, according to a new report on the biannual Global Green Finance Index (GGFI).

• Glennmont acquires 211MW Finnish wind project

  30 September 2019

  UK fund manager Glennmont Partners has acquired a 211.4MW wind farm in Finland for an undisclosed amount.

• Insurers face up to $9bn bill from typhoon Faxai

  30 September 2019

  Insured losses from Japanese typhoon Faxai could reach between $5 billion and $9 billion, according to catastrophe modelling firm RMS.

• The biggest announcements of New York Climate Week

  27 September 2019

  A blizzard of announcements were issued over the past week, to coincide with New York Climate Week. Some of the main ones are summarised below:

• ANZ issues New Zealand's 'first' ESG-linked loan

  27 September 2019

  New Zealand-based dairy firm Synlait says it has secured the country's first environmental, social and governance (ESG) linked loan, after it agreed a four-year $50 million deal with Australia and New Zealand Banking (ANZ).

• People Moves: Newton, AMF, LuxSE, Church Commissioners

  27 September 2019

  Newton Investment Management has hired Andrew Parry as head of sustainable investment, as part of the expansion of its responsible investment team.

• Investors can better communicate how they use TCFD reports, says Ontario Teachers’

  26 September 2019

  Investors could boost the success of the Task Force on Climate-related Financial Disclosures (TCFD) by better explaining how they use reports prepared in line with the initiative, according to one of the world’s largest pension funds.

• FTSE AW firms not prepared for physical climate impacts

  26 September 2019

  Less than 20% of firms in the FTSE All World (AW) index have a strong physical climate risk management programme, according to a new report by Sustainalytics, with real estate developers 'particularly underprepared'.

• Credit rating agencies have more work to do on climate risk, hears insurance conference

  26 September 2019

  Credit rating agencies have not adequately captured climate risks in their considerations of public sector debt, a panel at the Insurance and climate risk conference heard.