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

Hannover Re is latest insurer to 'exit coal'

Hannover Re is set to become the latest reinsurer to sell some of its coal-related investments.

Stranded Assets,Insurance

Members of EU Technical Expert Group on Sustainable Finance announced

The European Commission has announced the members of its Technical Expert Group on Sustainable Finance.

Investors

New report aims to help companies disclose physical climate risks

The disclosure of physical climate risks has received less attention than reporting transition climate…

Investors

Aviva under fire for taking only "baby steps" to move away from coal

Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental…

Investors,Stranded Assets,Insurance

Japan life insurer in landmark move to end new coal financing

Japan’s Dai-ichi Life Insurance has said it will end new project financing for overseas coal power plants,…

Investors,Insurance

Allianz to walk away from coal by 2040

The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting…

Stranded Assets,Insurance

The beginning of the end for coal investment and underwriting

Insurers have made efforts to disengage themselves from the coal industry on both sides of the balance sheet, but climate activists say they could do more. Cintia Cheong and Nick Roumpis examine the latest developments

Stranded Assets,Insurance

Axa eyes further divestments from carbon-intensive energy

Axa became the second major European insurer in as many weeks to address the contentious topic of underwriting…

Insurance

50 names to be added to Climate Action 100+ engagement hit list

50 more corporates are to be added to the $28 trillion Climate Action 100+ initiative's list of targets…

Carbon,ESG,Investors