News

• Leading ESG funds not focusing investment in top-rated companies

  10 July 2019

  The funds with the best ratings on environmental, social and governance (ESG) factors do not tend to focus their investments in companies with the highest ESG ratings, MSCI research has found.

• Only 30% of companies in line with Paris pledges, says TPI

  10 July 2019

  Only 30% of high emitting companies are reducing their carbon emissions in line with pledges made in the Paris Agreement through the nationally determined contributions (NDCs), according to a report by the Transition Pathway Initiative (TPI).

• EU taxonomy eligibility criteria ‘extremely stringent’, says Natixis

  10 July 2019

  ‘Transition activities’ included in the EU’s sustainability taxonomy have been described by French bank Natixis CIB as “extremely stringent”, in a report designed to assess the taxonomy’s usability.

• EIB and Amundi to launch €1bn Green Credit programme

  10 July 2019

  The European Investment Bank (EIB) and Amundi are to launch a €1 billion ($1.12 billion) programme to foster the development of the green debt market beyond the existing green bonds.

• Insurers face rise in management liability claims from climate risks

  09 July 2019

  A rise in climate-related 'directors' and officers' (D&O)' insurance claims could soon materialise, according to experts at a conference organised by law firm Clyde & Co.

• Tobam to reduce carbon footprint in fixed income portfolios

  09 July 2019

  French asset manager Tobam aims to reduce the carbon footprint of its fixed income portfolios, to at least 20% below that of their reference benchmarks.

• Latest GCF meeting commits $266.9m across 10 projects

  09 July 2019

  The Green Climate Fund (GCF) has agreed to invest $266.9 million in 10 more projects in emerging markets. Alongside co-financing, the commitments will see over $1.4 billion invested for low-emission, climate-resilient development.

• EU Weekly Carbon Update, 8 July 2019

  08 July 2019

  Sharply lower EUA auction volumes this week should counter the effect of lower clean-dark spreads, says Louis Redshaw*.

• WCI Carbon Market Update, 8 July 2019

  08 July 2019

  Financial market players seem set to be active in the WCI for the long term, says Nicolas Girod*, who remains bullish about CCA prices

• ‘Clear need’ for more consultants to help meet EU taxonomy needs

  08 July 2019

  There is a “clear need” for more consultancy firms to help financial institutions and corporates meet the requirements of the EU’s climate-related taxonomy, according to London-based law firm Linklaters.