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Dorian and Faxai could cost insurers up to $15.5bn, say modellers
16 September 2019Catastrophe risk modelling firms have released forecasts totalling up to $15.5 billion for the combined insured losses arising from Hurricane Dorian and Typhoon Faxai.
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Climate change risk yet to be priced in, say investors
16 September 2019An overwhelming 93% of institutional investors say climate change is still not being priced in by the key global financial markets as an investment risk, according to a report by asset manager BNY Mellon Investment Management and UK asset allocation research firm CREATE-Research.
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Integrate climate risk now, insurers told
16 September 2019Insurers should start integrating climate risk into their management and business operations now, and not wait for the perfect tools, according to a report from the Asset Owners Disclosure Project (AODP) and UK charity ShareAction.
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People Moves: SSGA, UBS
13 September 2019State Street hires Funk
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Don’t rely on easy climate gains in land-use sector, PRI report warns
13 September 2019Existing climate scenarios lean too heavily on the expectation of major cuts in greenhouse gas (GHG) emissions from the land use sector and investors are therefore underestimating the amount of reductions that will need to happen in other sectors, according to a report commissioned by the Principles for Responsible Investment (PRI).
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Foresight launches A$150m fund for CBI-certified loans
13 September 2019Foresight hopes to raise A$150 million ($100 million) for a fund that will make loans to Australian small-scale renewable energy infrastructure projects.
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APG and PGGM target SDGs with AI platform
12 September 2019Dutch pension fund managers PGGM and APG are set to launch an artificial intelligence (AI)-based platform to help institutional investors target the UN’s Sustainable Development Goals (SDGs).
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US ESG funds fail to support shareholder resolutions, suggests SEC
11 September 2019US-based funds that claim to consider environmental, social and governance (ESG) factors when they invest generally fail to support shareholder votes on such topics, according to a senior official at the US Securities and Exchange Commission.
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Telecoms green bonds ‘in top half’ of S&P’s Green Evaluation
11 September 2019Green telecom bonds would fall in the top half of S&P’s scoring range under its Green Evaluation analysis, indicating a positive environmental impact, according to a report by the ratings agency.
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Bonds round-up: France, IFC, Enel, RCBC… and more
11 September 2019France taps green OAT to raise €1.7bn
- EU countries ready to give fossil fuels pass for SFDR transition category
- NatureMetrics launches nature risk tool
- How a Super El Niño could drive food price spikes
- Will the EU pull the rug from under the ETS?
- 'China's version of SFDR will have significant impact'
- PGGM: We really see return and impact value in blue bonds
- Latvenergo raises €300m through second EuGB issuance
- Draft ESRS for non-EU companies unveiled
- Middle East deal won't pull the plug on electrification drive, says Vontobel
- Barclays to accelerate nature integration into financial decision-making