News

• ESG ratings reflected in sovereign credit spreads, says Hermes

  01 July 2019

  Countries that rate highly on environmental, social and governance (ESG) criteria benefit from tighter credit default swap (CDS) spreads than those with lower ESG ratings, a study has found.

• KfW green bonds price tighter in the secondary market

  01 July 2019

  Bonds issued by German development bank KfW appear to trade at a slight premium to their vanilla counterparts, Environmental Finance's ESG and Fixed Income conference heard.

• Dai-Ichi Life invests $200m in green and sustainability bonds

  01 July 2019

  Dai-ichi Life Insurance has invested JPY21.6 billion ($200 million) in green and sustainability bonds issued by two development banks.

• People Moves: Carmignac

  28 June 2019

  Justin Kew has been appointed as sustainability manager at Paris-based asset manager Carmignac.

• Video: impact metrics should be more comparable

  28 June 2019

  Impact reporting is crucial for investors as they gain access to transparent information about where their money go, how they are using them and what is the impact or their investments, according to Angela Brusas, Senior Funding Manager at Nordic Investment Bank.

• FTSE Russell to launch climate government bond index

  28 June 2019

  FTSE Russell will next month launch what it believes to be the first sovereign bond index to specifically integrate climate risk considerations, in what is set to be its first venture since buying data and analysis firm Beyond Ratings.

• ISS to launch climate scoring and voting tools

  27 June 2019

  Institutional Shareholder Services (ISS) will launch a climate scoring and a voting tool next month, which will allow investors to create customised climate voting policies.

• EU taxonomy ‘niche’ and likely to do as much harm as good, says fund manager

  27 June 2019

  The EU’s taxonomy of sustainable climate-related economic activities “is likely to do as much harm as good”, a UK-based fund manager has said.

• Trium Capital to launch emissions impact fund

  27 June 2019

  UK-based alternative asset manager Trium Capital plans to launch a European collective investment scheme (UCITS) "impact" fund that actively engages with companies in high-emitting sectors to reduce their carbon footprint.

• Green Bonds round-up, 26 June

  26 June 2019

  BBVA issued its first green bond, also for €1 billion, in May 2018. Since then it has issued two much smaller bonds, in September 2018 and February 2019.