News

• Stoxx wins low-carbon index deal with four German pension funds

  26 June 2019

  Stoxx has signed a landmark licensing deal to provide sustainable, climate-friendly global index solutions to four German pension funds.

• Stewardship in passive funds will be the new normal, says survey

  25 June 2019

  Pension funds and their fund managers will drive corporate stewardship in their passive investments to the extent that it becomes the new normal, a survey has found.

• Central banks should fund infra, not buy gilts, says Aviva

  25 June 2019

  Central banks should use the reserves they have accumulated in the wake of the financial crisis to help build long-term infrastructure, rather than buying sovereign bonds that "drive a wedge through society", the head of Aviva Investors has argued.

• Shipping sector lacks investments in transformative technologies to stem climate risks

  25 June 2019

  Most major shipping companies have failed to deploy transformative and innovative technologies to protect themselves against climate-related risks, according to a CDP study.

• Zurich signs UN business pledge to limit global temperature rise

  25 June 2019

  Zurich has become the first insurer to sign up to the UN Global Compact Business Ambition Pledge, which aims to limit average global temperature increases to 1.5°C above pre-industrial levels by 2030.

• Climate Investor One raises $850m for developing country renewables

  25 June 2019

  Climate Investor One (CIO), a blended finance vehicle set up by Dutch and South African institutions, has reached $850 million at its final close, far above its initial target of $530 million.

• EU Weekly Carbon Update, 24 June 2019

  25 June 2019

  The bulls seem to have the upper hand in the market for EU Allowances at present, says Louis Redshaw.

• EU taxonomy could boost green bonds from US munis, Calvert predicts

  24 June 2019

  The EU taxonomy of climate-related activities could encourage greater green bond issuance from US municipalities, the manager of a green bond fund has predicted.

• US Representatives join call for sovereign green bonds

  24 June 2019

  US Congressman Jim Himes (D-CT) and 13 colleagues have introduced a bill in the House of Representatives, matching an earlier bill in the Senate, to establish a national US green bank.

• WCI carbon market update, 24 June 2019

  24 June 2019

  Nicolas Girod* remains bullish about the price of California Carbon Allowances, despite the recent decline in activity by financial sector participants.