News

Bond round-up: Westpac, CGNPC, Prologis, Hera, Hannon Armstrong ... and more

Glennmont buys stake in German wind farm from GIP

London-based fund manager Glennmont Partners has struck a deal to buy a 25% stake in the 330MW Gode Wind 1 offshore wind farm in the German portion of the North Sea.

UK Green Finance Strategy sets disclosure expectations

UK City Minister John Glen ordered companies and large asset owners to disclose climate-related risks by 2022 or face mandatory regulation.

UK Green Finance Institute 'to boost catastrophe bonds and green mortgages'

Scaling up the catastrophe bond market and the issuance of green mortgages will be among the priorities for the UK's Green Finance Institute, which was officially launched today.

EU Weekly Carbon Update, 2 July 2019

This week's auction volume is the largest yet seen in 2019, but technical analysts continue to paint a bullish picture of the EUA market, says Louis Redshaw.

BlackRock and CPPIB back stewardship code for long-term investors

FCLTGlobal, a non-profit organisation led by institutional investors including the Canada Pension Plan Investment Board (CPPIB) and BlackRock, has released new guidelines that aim to help asset managers become better long-term investors.

GPIF to invest in more CAB bonds to boost standardisation

Japan's Government Pension Investment Fund (GPIF) is to invest in "larger amounts" of climate awareness bonds (CABs) and sustainability awareness bonds (SABs) from the European Investment Bank (EIB) and help boost standardisation, an EIB spokesman said.

ESG risks increasingly affect insurers' credit profiles

Environmental, social, and governance (ESG) risks increasingly affect insurers' credit profiles, with European insurers more exposed than those in other regions, according to rating agency Moody's.

Chubb's coal exclusion policy to impact at least $10m of assets

US insurer Chubb has announced it will not make new debt or equity investments in companies that generate more than 30% of their revenues from thermal coal mining or that generate more than 30% of their energy production from coal.

Australian pension fund buys minority stake in Swiss impact firm

Australian pension fund Christian Super has bought a “significant” minority stake in ResponsAbility Investments, a Swiss impact asset manager.