News

• Standardise Sharia approach to ESG, says S&P

  29 May 2019

  A standardised approach to Sharia interpretation of environmental, social and governance (ESG) factors should be developed that can boost existing growth opportunities for green sukuk, rating agency S&P has said.

• Japan Post Insurance adds PLN1bn CAB to its 'green' assets

  28 May 2019

  Japan Post Insurance has added to its growing volume of green investments, by agreeing a private placement of a PLN1 billion ($205.5 million) Climate Awareness Bond (CAB) from the European Investment Bank (EIB).

• Solactive invests in European advisory firm Minerva

  28 May 2019

  German index provider Solactive has made an equity investment in proxy voting and investment advisory firm Minerva.

• Japanese firms inaugurate TCFD consortium

  28 May 2019

  A consortium of companies has been formed in Japan to help implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

• WCI carbon market update, 27 May 2019

  28 May 2019

  The May auctions were significantly oversubscribed, but the price of California Carbon Allowances slipped back last week, says Nicolas Girod*.

• Straight exclusion funds should not be labelled sustainable, argues Robeco

  28 May 2019

  Funds that look to improve their sustainability credentials merely by excluding companies from investment “should be a thing of the past”, according to Robeco.

• EU sets date for publication of sustainability taxonomy

  28 May 2019

  The European Commission will on 18 June publish final reports on the EU sustainability taxonomy and green bond standards, and an interim report on climate-related benchmark indexes.

• People Moves: AP3, Candriam and ESMA

  24 May 2019

  The Third Swedish National Pension Fund (AP3), with SEK340.7 billion ($35.64 billion) of assets under management, has appointed Pablo Bernengo as its chief investment officer.

• 'Prepare for abrupt repricing’ of climate risks in sovereign bonds

  24 May 2019

  Climate risk is underestimated as a risk factor by investors in sovereign bonds, who should prepare for the possibility of “an eventual abrupt repricing of environmental risks, including climate risks”, according to the findings of a major study.

• BlackRock says sustainability 'can no longer be ignored' in real assets

  24 May 2019

  Sustainability concerns "can no longer be ignored" when it comes to investing in real estate and infrastructure, according to the world's biggest asset manager.