News

• BlackRock criticises shareholder proposals

  28 August 2019

  The world's largest asset manager, BlackRock, has criticised shareholder proposals on environmental and social issues, describing some of them as 'poorly constructed' after it backed only 10 in the US during the last annual general meeting (AGM) season.

• France & UK double their GCF contributions

  28 August 2019

  This story supersedes an earlier story 'UK & Canada double their GCF contributions' and includes new information.

• High wildfire risk spurs insurers to cut back on California coverage

  28 August 2019

  Insurers are reducing homeowner coverage for people in high wildfire risk areas of California as a result of recent fires, according to the California Department of Insurance (CDI).

• Amazon fires cast spotlight on finance for natural capital

  27 August 2019

  The current squabbling between G7 countries and Brazil about how to tackle the thousands of fires raging through the Amazon rainforest is a tragic, but timely, reminder of the need for a sharp increase in finance for projects that protect or enhance natural capital assets.

• PRI examines EU benchmarks, disclosures proposals in briefings

  27 August 2019

  The Principles for Responsible Investment (PRI) has published policy briefings on proposed EU regulation on climate-themed benchmarks and sustainability-related disclosures.

• Eurex hails ESG futures ‘great success’

  27 August 2019

  Eurex’s environmental, social and governance (ESG)-themed derivatives have reached 235,000 traded contracts and peaked at almost €800 million in open interest, in their first six months of trading.

• WCI Carbon Market Update, 23 August 2019

  27 August 2019

  The clearing price of CCAs in last week’s auction is likely to determine the next move in secondary market prices, says Nicolas Girod*.

• BAML reveals thoughts on transition bonds

  26 August 2019

  Bank of America Merrill Lynch (BAML) has weighed in on the debate about the creation of a new market for transition bonds, suggesting that at least a quarter of the proceeds of bonds bearing this label should be used to finance green assets or projects.

• TPG downsizes impact fund target

  23 August 2019

  Private equity firm TPG has downsized its latest impact fund, Rise Fund II, from $3 billion to $2.5 billion.

• People moves: UBS, Palladium, ANZ, Mainstream

  23 August 2019

  UBS creates sustainable finance committee, Tillery appointed CEO of Palladium’s new impact fund and more