UN and Allianz calls for joined up ESG integration on both sides of insurers balance sheet

UN PSI and German insurer Allianz launch new guide

Insurance

Allianz buys its second solar farm in Portugal

Bringing its equity investments in the renewable energy sector to nine solar farms and 83 wind parks

Allianz completes investments for latest renewables fund

Allianz Global Investors (AGI) said its Renewable Energy Fund II (AREF II) is now fully invested, following…

Equity,Investors,Renewables,Insurance

$32trn group of investors demand greater government climate action

Investors with a combined $32 trillion in assets have demanded governments increase action to tackle…

Investors,Policy,Stranded Assets

CISL to launch open-source tool to assess infrastructure transition risk

The Cambridge Institute for Sustainability Leadership (CISL) is preparing to launch a modelling tool…

Stranded Assets

French insurers’ climate-related disclosures mostly ‘difficult to understand’, says WWF

French insurers' climate-related disclosures have improved, but the information is still often inaccessible…

Investors,Stranded Assets,Insurance

IIGCC publishes climate scenario analysis guide

Investors who use scenario analysis will be better equipped to respond to early warning signs, such as…

ESG,Investors,Policy

Major insurers to cooperate on climate risk tools

The UN Environment Programme Finance Initiative (UNEP FI) has announced a partnership with 16 of the…

ESG,Investors,Insurance

Hannover Re defends coal investing

Reply to criticism comes on heels of Vienna Insurance Group's own defence

Insurance

TCFD exceeds target of 500 supporters

A total of 513 organisations have now expressed support for the recommendations of the Task Force on…

ESG,Investors,Policy

CBA, Samsung and Bayer dropped from DJSI World index

S&P Dow Jones Indices and RobecoSAM have excluded Commonwealth Bank of Australia (CBA), Samsung Electronics…

Corporate,Equity

The growing pains of green bond funds

A lack of size, diversification and awareness are among the main challenges facing the fledgling green bond market, a poll of fund managers has revealed. Molly Wilson reports

Debt

Pimco wins AUD440 million ESG fixed income mandate

Australian pension fund Local Government Super (LGS) has awarded Pimco a mandate to manage AUD440 million…

Debt,Investors

Green bond funds double AuM in 12 months (Full table here)

Total assets under management (AuM) in green bond funds has more than doubled since July 2017, to $5.34…

Green Bonds,Investors

Munich Re tightens coal divestment policy

The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a…

Stranded Assets,Insurance

Climate change increases cost of debt for developing countries

The intensification of climate risks and the degree to which they are accurately priced by financial markets are of increasing concern to global economic stability. However, as awareness around those risks has risen over the last years, there is still a long way to go to consistently measure and monitor their costs, which can result in substantial gains or losses for institutional investors. Vincent Huck reports

Allianz Global Investors buys wind farms in France

The firm seeks to expand its Allianz Renewable Energy Fund II

Insurance

AllianzGI invests in IDB bond for Uruguayan solar plants

Allianz Global Investors (AllianzGI) has invested, on behalf of unnamed clients, in a private placement…

Debt,Green Bonds,Renewables

Swiss Re sets thermal coal re/insurance threshold

Swiss Re will, from today, no longer provide re/insurance services to businesses with more than 30% exposure…

ESG,Investors,Insurance

73% of German insurers' investments are 'sustainable'

Almost half want to make more ESG allocations

Insurance