News

Big Sustainability Trends in 2017

Generation Investment Management has released its 2017 Sustainability Trends Report - the first of its kind after 13 years in operation. The report investigates 5 areas where Generation's research and investment teams have seen significant advances in sustainability: Mobility, Energy, Built Environment, Food Systems, Wellbeing.  In each...

As a positive investor, can you create real impact? 

When do impact investments create real change? This panel debate on Stanford Social Innovation Review's website features leaders from the U.S. and U.K. impact and sustainable investing world weighing in on the question. Bridges Ventures says focus on under-served geographies; Big Society Capital says look for...

Ashoka Launches Social Investment Toolkit

In case you missed it, Ashoka announced the launch of its Social Investment Toolkit, working with UBS. The Toolkit covers an introduction to social change, measuring impact, business model, scaling strategy, financial model, legal structure, financing terms, and pitch. The order of the modules is telling: start...

Climate change attention shifts to water

The Carbon Disclosure Foundation (CDF) published its latest report examining investments across its corporate members. The Global Water Report 2017 notes 535 companies (70%) now have board level oversight of water issues. Diageo, Colgate, Palmolive and Nestle, are now attaching values to water use in order to account for social...

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HMG Clean Growth Strategy is published

An ambitious strategy setting out how the UK is leading the world in cutting carbon emissions to combat climate change while driving economic growth was published 12 October 2017 by Business and Energy Secretary Greg Clark. ‘The Clean Growth Strategy: Leading the way to a low carbon...

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Change Finance Launch First ETF

SRI-focused asset manager Change Finance has announced the launch of its first ETF – the Change Finance Diversified Impact US Large Cap Fossil Fuel Free ETF (NYSE Arca: CHGX). The ETF tracks an index that uses the United Nations Sustainable Development Goals (SDGs) to guide its...

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Green bonds are expected to reach more than $130 billion in 2017

Bloomberg New Energy Finance published its most recent analysis and revealed that green bonds issuance is set to reach $134.9 billion by the end of 2017, a new record so far. Year to date, green bonds issuance has been $96 billion and another $39 billion...

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Towards A Green Finance Framework, New EBF Report

Under the title, Towards a Green Finance Framework, the European Banking Federation published a report that assesses the role of the banking sector in the context of the discussion on green finance on September 28. The EBF report focuses on the technical, legal and regulatory...

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Australia Launches its First Live Impact Investing Database, Innovation

As reported last week, the so-called Current Deals Library was launched Monday by the Impact Investing Hub, offering a public website listing live impact investment opportunities for potential investees. The site collates basic information about current deals in the impact investing ecosystem, outlining the forecast financial return and social...

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Growing Green Finance, By TheCityUK & Imperial College

A new report from TheCityUK and Imperial College Business School makes the case for the UK to better seize the opportunities presented by its position as a leading centre for green finance. It argues that the sector should become an integral part of mainstream financial...

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Barclays launches a retail ‘impact investing’ fund

Barclays announced the launch of its Multi-Impact Growth Fund, offering retail and institutional investors the opportunity to generate long-term capital growth, whilst, the bank emphasizes, making a positive contribution to society The Multi-Impact Growth Fund invests primarily in specialist third-party funds, which have been identified and...

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Growing Investor Appetite for Low Carbon Related Investments, HSBC Research

New research commissioned by HSBC shows that 68% of global investors intend to increase their low-carbon related investments to accelerate the transition to a clean energy economy. Growing investor appetite for low carbon investments is strongest in Europe (97%), the Americas (85%) and Asia (68%)....

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China Boosts Global Green Efforts with UK-China Taskforce

China will promote cross-border green bond flows and green finance investment as part of efforts to fulfill its commitment to ensure sustainable growth it was reported last week. Chen Yulu, deputy governor of the People's Bank of China, was quoted saying the nation will stay...

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SSE issues largest ever green bond by UK firm

The green finance market has been buoyed by news that British energy company SSE has issued the biggest ever green bond by a UK company. The bond will provide capital to be used to refinance SSE’s portfolio of onshore wind farms. The €600m bond provides capital...

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USD 84.6 bn of green bonds in 2017, SEB Research

On 29 August, SEB released its latest Green Bond Research Report  summarising year to date development in the Green Bond space. The green bond market continues to grow rapidly, with USD 84.6 bn of issuance YTD, standing 53% higher than 2016 volumes Year-over-Year (YoY). According to the report....

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Asian Development Bank Proposes Creation of National Green Financing Vehicles

The Asian Development Bank (ADB), in a report launched 29 August, propose the creation of national green financing vehicles to catalyze environmentally and financially sustainable infrastructure investments in Asia and the Pacific. The report, Catalyzing Green Finance: A Concept for Leveraging Blended Finance for Green...

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Tie Executive Compensation to Sustainability, Harvard Business Review

Seymour Burchman and Barry Sullivan draw parallels between sustainability metrics and quality metrics introduced by manufacturers in the 1980’s in executive compensation incentives in a recent article in Harvard Business Review. The quality metrics where shown to focus executive attention and ensure quality initiatives actually...

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IFR Asia Green Bonds Roundtable 2017, Wrap Up

IFR Asia convened a panel of specialists in Hong Kong on July 11 to discuss the progress made so far and debate the challenges ahead.  2017 YTD has been a comparatively quiet year for China’s domestic market. However, the arrival of first-time issuers from the...

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Millenials fueling $9 trillion sustainable investing market

Millennials are driving the nearly $9 trillion sustainable investing market, according to Morgan Stanley's Institute for Sustainable Investing. Sustainable investment products have grown at a rate of more than 33% between 2014 and 2016 in the US, according to data from the US SIF Foundation...

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J.P. Morgan commit to $200 bn clean-energy financing by 2025

JPMorgan Chase is expanding its strategy to advance environmentally sustainable solutions for clients and its own operations according to a press release. The firms two new strategic goals include firstly, renewable energy, meaning the firm will source renewable power for 100 percent of its global...

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Green Bond Funds Face Diversification Challenge, Fitch Report

Diversification is the main portfolio management challenge for green bond funds as issuer numbers are limited and concentrated in certain sectors, Fitch Ratings report. The size of the investible green bond universe depends on the specific definitions and characteristics of each fund, but Fitch estimate...

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Why Impact Investing Needs to Go Mainstream, Podcast recommendation

For anyone looking for an interesting podcast for vacation listening (or the commute to work) the latest Wharton Social Impact Initiative Podcast is recommended. In it, Impact Investment Exchange founder, Durreen Shahnaz, discusses impact investing. Durreen Shahnaz started her career with Morgan Stanley in 1989...

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Impact Reporting in the Green Bond Market, Climate Bond Initiative Study

The Climate Bond Initiative recently launched a study entitled Post-Issuance Use of Proceeds – Trends and Best Practice. The report is Climate Bonds Initiative’s first detailed study of current practice around post-issuance reporting of green funding and monitoring of green bond allocation. The Post-Issuance Use...

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EU to consider labels for green finance products

In a push to foster sustainable markets and instill trust in investors, the European Commission has discussed plans to introduce labels for clearer classification of green financial products. In order to achieve the ambitious climate goals set at the Paris Agreement, the European Commission predicts that...

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Green Finance Progress Report Published by UNEP

UN Environment published their Green Finance Progress Report last week showing the development of new financial products and encouraging policies to bridge the funding gap in sustainable investment. Erik Solheim, Executive Director of the UN agency, said: “The world has committed to creating a better future...

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Green finance group call on EU to stop funding fossil fuels

13 July, the EU’s high-level group on sustainable finance published its interim report  prompting the European Union to stop all public funding for fossil fuel industries such as coal, oil and gas. The upcoming revision of the EU’s multi-annual budget is “a significant opportunity” to increase investments in clean...

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America’s Pledge, US Corporations and States Uphold Paris Accord

On July 12, California Governor Jerry Brown and Michael Bloomberg launched America’s Pledge on climate change, a new initiative to compile and quantify the actions of states, cities and businesses in the United States to drive down their greenhouse gas emissions consistent with the goals of...

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Finance Matters Interviews Nathan Elstub, CIO at Nesta

Bio Base: London, UK Position: Chief Investment Officer, Nesta Impact Investments Tenure in current role: 2 years By: Clare McCartney Nathan, can you tell us a bit about your story and how you arrived at Nesta? I started off life as an engineer but always had a keen interest in business...

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Combining ethics and return remains a challenge to investors

Miles Johnson reports (paywall) in Financial Times wealth section on June 23, that according to the most recent Financial Times Investing for Global Impact report, which surveyed 246 family offices and foundations about philanthropy and impact investing, one of the biggest challenges for these investors...

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Countries are progressing too slowly on green growth

The OECD published its Green Growth Indicators 2017 report on June 20. The report uses a uses a range of indicators covering everything from land use to CO2 productivity and innovation to show where 46 countries rank on balancing economic growth with environmental pressures over 1990...

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Green Finance Pilot Zones and Platforms Paving the Way in China

The Central Bank of China announced on June 16 measures to support the establishment of five green finance pilot zones. The aim of the pilot zones is to boost the development of green finance products including interest discount and tax incentives from central and local...

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The Bank of England Responds to Climate Change

In its Quarterly Bulletin 2017 Q2 published June 16, The Bank of England announced they will initiate a review of climate-related risks in the UK banking sector. The work will be carried out in a similar way to the assessment of insurance companies it launched...

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Finance Matters Interviews Evita Zanuso, Director BSC

Bio Base: London, UK Position: Director of Financial Sector and Investor Engagement, Big Society Capital (BSC) Tenure in current role: 3.5 years By: Clare McCartney Evita, please tell us a bit about your background. My background has mainly been in financial services, although my first job straight out of university...

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Green and Sustainable Finance highlighted in EU’s Capital Markets Union initiative

The mid-term review of EU’s Capital Markets Union Initiative was published on June 8th.  The report contains a section dedicated to green and sustainable finance, marking another step towards mainstreaming green finance in Europe as reported by EURACTIV’s Frédéric Simon.  Once regarded as “exotic”, sustainable...

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What Comes of Paris Climate Accord Without U.S. ?

A summary of the story evolving so far… In the wake of U.S President Donald Trump announcing the intention for the US to withdraw from the 2015 Paris accord June 1st Jess Shankleman on Bloomberg, provides a useful Q&A of what comes of the accord without...

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Ant Financial App Reduces Carbon Footprint of 200 million Chinese Consumers

A report was released on May 30 by the Green Digital Finance Alliance, founded by UN Environment and Ant Financial. The report gave an update on Ant Financial Services Group, in association with UN Environment large-scale pilot in greening citizens’ consumption behavior through the use of mobile payment platforms, big...

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THE GIIN ANNUAL IMPACT INVESTOR SURVEY

The GIIN published its Annual Impact Investor Survey this week. The Survey analyses the activities of over 200 of the world’s leading impact investing organisations, covering the entire universe: fund managers, foundations, banks, development finance institutions, family offices, pension funds and insurers. The Survey’s 208 respondents...

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ATTEMPTS TO DISMANTEL DODD-FRANK THREATENS SHAREHOLDER RESOLUTIONS IN THE US

In American Banker, John K.S. Wilson writes about the threat to shareholder resolutions posed by Republican attempts to dismantle Dodd-Frank and replace it with the Financial Choice Act. According to Wilson, Shareholder proposals allow investors to put questions related to a company’s environmental, social and...

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OXFAM REPORT ON IMPACT INVESTMENT: WHO IS THE INDUSTRY SERVING?

Together with Sumerian Partners, a manager of philanthropic capital for foundations, Oxfam recently released the report Impact Investment: Who are we helping? The report questions some of the common assumptions around impact investment, arguing that most articles on the topic focus on the needs and...

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ASSET OWNERS: IS IT POSSIBLE TO HAVE AN IMPACT IN PUBLIC EQUITY MARKETS?

Meaghan Kilroy at Pensions & Investments reported last week from the Big Path Capital's Impact Capitalism Summit in the US. The panelist argued that one of the challenges of adding public investments to an impact portfolio is the difficulty of measuring the generated social or...

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AXA ENDING INSURANCE TO COAL-INTENSIVE BUSINESSES

Axa, one of the biggest European insurers recently announced they are ending insurance support to coal-intensive businesses, i.e. those with more than half of their turnover coming from mining or coal burning operations, Megan Darby at Climate Home reports. The move will align Axa Insurance with...

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FINANCE MATTERS AT THE NET IMPACT CONFERENCE 2017

Last week, London Business School hosted the Net Impact Conference 2017: Return on Impact. Interest in environmentally and socially responsible investment has grown by 33% since 2014 - today constituting almost $9 trillion in actively managed assets globally according to some measures. Increasingly, investors are asking: how...

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TRIODES BANK LAUNCHES PERSONAL CURRENT ACCOUNT IN THE UK

Triodos, a leading sustainable bank in Europe opened registrations for its first ever UK personal current account this week. The account, described as the most sustainable current account ever brought to the UK market, will begin with a phased rollout this summer. Triodos has been operating...

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DEVELOPING COUNTRIES CALL UN GREEN CLIMATE FUND ‘A LAUGHING STOCK’

Tensions between rich and poor countries were running high at a recent meeting of the Green Climate Fund board, the UN's flagship climate finance initiative Megan Darby at Climate Home reports. Projects worth a total of $755m were approved by the Fund's board, including $265m for renewable...

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EY SURVEY: INVESTORS VALUE CORPORATE ESG REPORTING

Following the Bloomberg/Carney task force recommendations that companies should include climate data in their mainstream financial reporting, an EY survey reveals that the majority of investors value ESG and non-financial reporting by investee companies. The survey – Is your non-financial performance revealing the true value of...

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INVESTMENT IN A NEW CLIMATE

Financial Times features an article this week by Dan McCrum on investment in the climate change era, which looks at the ways investors take climate into account when deciding what to buy and sell. Jeremy Grantham, co-founder and chief investment strategist at the asset manager GMO argues...

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EUROPEAN UTILITIES ON PATH TO BLOW THROUGH ‘CARBON BUDGET’

A new report released today by CDP, a provider of corporate climate data, analysing an over €250 billion market cap grouping of European utilities reveals that the industry is locked into high emissions from long-lived fossil fuel power plants until 2050. Further, at a carbon price...

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FINANCE MATTERS INTERVIEWS PRAVEEN JOSEPH, EBRD

Bio Name:  Praveen Joseph Based: London, UK Position:  Principal Trader & Portfolio Manager - High grade fixed income, EBRD By: Maayan Keren Zur Praveen, please tell us a bit about your background. I grew up in India and pursued my bachelor’s in engineering at the Indian Institute of Technology (IIT) in Madras....

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IMPACT INVESTMENT IN THE TRUMP ERA

John Waggoner at Investment News writes about the outlook for the impact investment sector under a Trump presidency. According to Waggoner, the best case scenario is that the momentum behind the sector continues and that impact investment will eventually form a part of all investment...

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FINANCE MATTERS INTERVIEW LIZZIE CADBURY, KPMG

Bio Name: Lizzie Cadbury Base: London, UK Position: Forensic (Investigations and Compliance), KPMG Tenure: 11 years Global issue you care most about: Vulnerable children  Lizzie, a Chartered Accountant, is a Manager in KPMG’s Forensic team. She talked to us about a secondment completed in Southern Africa, where she used her financial...

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LAUNCH OF THE FIRST GREEN BOND ETF

The world's first green bond index-linked exchange-traded fund (ETF) launched on the Euronext Paris last week, Hamza Ali at Environmental Finance reports. Launched by the ETF provider Luxor Asset Management, it is the first ETF to be based on labelled green bonds. Francois Millet, Head of...

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BIG SOCIETY CAPITAL REPORT: PENSIONS WITH PURPOSE

Big Society Capital (BSC) recently commissioned polling with ComRes to better understand the views and needs of employees with DC pensions in the UK. BSC argues that the while the DC pensions revolution has been a great success, there is danger that we will fail...

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CLIMATE INVESTMENTS MAKE THE WORLD SAFER – EU’S MOGHERINI TO MATTIS

Megan Darby at Climate Home writes this week about EU foreign affairs chief Federica Mogherini's response to the US call for increased defence spending by NATO members. Defence chief James Mattis and VP Mike Pence were at the Munich Security Conference where Mogherini offered to...

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CLIMATE BIGGEST ESG RISK FACING UK PENSION FUNDS – REPORT

A new report finds that the risks arising from climate change impact more industries than any other environmental, social and governance (ESG) issue in a typical UK pension scheme's defined-contribution (DC) default fund portfolio. The report, commissioned by the Pensions and Lifetime Savings Association (PLSA) and...

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FINANCE MATTERS INTERVIEW: MICHAEL HARRIS, MANAGER PWC & BEYONDME CO-FOUNDER

Bio Name: Michael Harris Base: London, UK Position: Manager, PwC and co-founder of BeyondMe Tenure: 6 years Global issue you care most about: Mental health Michael Harris is a chartered accountant with PwC and the co-founder of BeyondMe, an organisation which pairs professionals wanting to volunteer their time and skills with charity...

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THE FUTURE OF CORPORATE CLIMATE REPORTING

Climate change and the business risks it poses are becoming a key corporate sustainability reporting trend, according to a report from the Global Reporting Initiative and advisory firm SustainAbility, Jessica Lyons Hardcastle at Environmental Leader reports this week. The report, which consolidates insights from the GRI...

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FINANCE MATTERS INTERVIEW WITH DAVE TROW, ASSISTANT MANAGER KPMG

Dave Trow, Assistant Manager at KPMG, entered and won one of the firm’s corporate responsibility competitions, ‘BRIGHT’. The programme is focused on developing new ideas specifically targeted at addressing the UN millennium development goals. He active in KPMG's volunteering programmes and at the same time...

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LAWMAKERS IN IRELAND VOTE TO DIVEST FROM FOSSIL FUELS

Ireland could become the first country in the world to entirely divest its sovereign wealth fund from coal, oil and gas, Climate Home reports. Lawmakers were overwhelmingly split in favour of the €8 billion Ireland Strategic Investment Fund to exit holdings in coal, oil and gas...

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FINANCE MATTERS INTERVIEW WITH ILAN GANOT, FOUNDER & CEO AT SOLID BIOSCIENCES

Bio Name: Ilan Ganot Base: Cambridge, Massachusetts Position: Founder and CEO, Solid Biosciences Tenure: 3 years Global issue you care most about: Muscular dystrophy Ilan left his life a hedge fund banker at JPMorgan in London to create a new business aimed at developing drugs for Duchenne muscular dystrophy. His son's...

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COMPLETE TRANSITION TO CARBON & SOLAR POSSIBLE WITHIN A GENERATION

Besides the heartwarming scenes from Women's Marches around the globe yesterday, there are other reasons to feel hopeful about the state of the planet: Chris Goodall argues in the Guardian Sustainable Business that we now have the technology to make a complete transition from carbon to...

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GLOBAL BANKS MAKING SLOW PROGRESS ON CLIMATE RISKS

A report released today by Boston Common Asset Management looks at how 28 of the world's largest banks are managing climate-related risks. It finds that while many banks are now conducting carbon footprinting and environmental stress-tests, they largely fail to use their own climate data...

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FINANCE MATTERS INTERVIEW WITH JP MORGAN EXECUTIVE DIRECTOR, RONALD CHOI

Bio Name: Ronald Choi Base: Tokyo, Japan Position: Executive Director, JPMorgan Tenure: 7 years Global issue you care most about: Disaster relief   Ronald has been donating both his time and project-execution skills to multiple JPM-sponsored schemes for rebuilding infrastructure and facilities in Japan for communities that were impacted by the Fukushima...

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BUSINESSES & INVESTORS CALL ON TRUMP: DON’T IGNORE CLIMATE CHANGE

More than 600 leading businesses and financial institutions have signed an open letter to urge president-elect Donald Trump to take action on climate change. The release of the letter coincides with the start of the Senate hearings to confirm his cabinet nominees, many of whom...

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COAL-FIRED POWER GENERATION FALLS TO RECORD LOW IN THE UK

Let's start the new year with some good news: The UK generated more electricity from wind than from coal power plants for the first time in 2016, according to energy analysts. Electricity generated from coal accounted for 9.2 per cent of the total energy market last...

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GENDER GAP CLOSES FOR MILLENNIALS, TO OPEN BACK UP IN THEIR 30s

A new report from the Resolution Foundation finds that the gender pay gap for millennials in their 20s has shrunk to just 5 per cent, according to Blue & Green Tomorrow. However, any progress is threatened by signs which indicate that as women reach their...

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BLOOMBERG TASK FORCE URGES COMPANIES TO DISCLOSE CLIMATE RISKS

On Wednesday, the Task Force on Climate Related Financial Disclosures (TCFD) published its recommendations, urging companies to disclose the financial effects of climate change. Headed by former New York mayor Michael Bloomberg and Bank of England governor Mark Carney, the task force was set up...

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FTSE4GOOD 15TH ANNIVERSARY

FTSE Russell celebrates the 15th anniversary this week of its flagship ESG Index Series, the FTSE4Good. Launched in 2001, the index series aims to provide investors with a transparent and objective benchmark related to social and environmental sustainability. The index includes companies that are regularly...

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FINANCE MATTERS AT THE GIIN INVESTOR FORUM 2016

Finance Matters attended the GIIN Investor Forum in Amsterdam this week. The forum brought together over 800 participants from 45 countries and 6 continents from various areas across impact investment: asset managers and owners, social enterprises, civil society and academia - to discuss the most...

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FOUR DANISH PENSION FUNDS CONFIRM PLANS TO REJOIN PRI

In 2013, 11 Danish pension funds pulled out of the Principles for Responsible Investment, citing concerns over its governance.  Four of the pension funds have now confirmed that they will be rejoining the PRI, saying that the organisation has "listened to the criticism that lead to...

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EU WARNS MEMBERS ON ‘BACKDOOR’ COAL SUBSIDIES

Some good climate news in the December darkness: The European Commission is warning member states that 'secret' subsidies for fossil fuels will not be tolerated under EU state aid rules, Megan Darby at Climate Home reports. Eleven member states already have or are planning to...

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LOCAL AUTHORITIES FAILING TO PLAN FOR CLIMATE CHANGE

New research reveals that the majority of new local plans in England are failing to cut carbon emissions and plan for the type of severe weather due to get more frequent over the next decade, Blue & Green Tomorrow reports today. The study was carried...

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NEW EU DIRECTIVE: OCCUPATIONAL PENSIONS TO CONSIDER ESG

Daniel Brooksbank at Responsible Investor reports on the new revised European pension fund directive that was approved in Strasbourg on Thursday. The updated Institutions for Occupational Retirement Provisions directive (known as IORP2) covers the €3.2 trillion European occupational pensions market. The directive contains new requirements...

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US OIL MAJORS LAGGING BEHIND EUROPEAN ON CLIMATE ACTION

A new report by the CDP which analyses a US$1.2tn grouping of the world’s major publicly-listed international oil and gas companies reveals a transatlantic divide as European companies outperform their US peers in preparedness for a low-carbon future by beginning to invest in alternative energy...

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CLIMATE BONDS INITIATIVE’S COP22 GREEN BONDS DIRECTIONS PAPER

The Climate Bonds Initiative has released its COP22 Green Bond Directions paper, outlining growing awareness green bonds as nationally determined contributions (NDCs) financing tools. The paper highlights the substantial growth of the green bond market in 2016, to fund both climate mitigation and adaptation efforts. Issuance...

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CDP: WATER STRESS COSTING COMPANIES BILLIONS

Environmental Finance, Business Green and The Guardian all feature articles this week on a new report by the CDP, which looks at how some of the world's largest listed companies are managing water risk. The CDP approached 1,200 of the worlds largest PLCs for the...

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WHAT DOES A TRUMP PRESIDENCY MEAN FOR CLIMATE CHANGE?

Much of the world's climate activists and the responsible investment community are understandably concerned about what a Trump win will mean for the momentum on climate change: The president-elect has called climate change Chinese hoax to make American manufacturing less competitive, has promised to rip...

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WHEN THE UNTHINKABLE HAPPENS

Many pundits, journalists and politicians on both sides of the pond have argued that Donald Trump's win was a rejection by the disenfranchised masses of an elitist establishment that has long ignored the concerns of working people. While we agree that this election has raised...

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MILLENNIALS AND SOCIAL IMPACT INVESTMENT

Forbes has an article this week on why millennials care more than previous generations about social impact investment. Sarah Landrum writes that the label of millennials being apathetic placed on them by elder generations is false. On the contrary, most millennials are hard workers, and...

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BSC ‘TOWN HALL’ EVENT WITH CHIEF EXEC CLIFF PRIOR

Lee Mannion at the Pioneers Post reports this week from Big Society Capital's (BSC) inaugural "Town Hall" event on 2 November. The event is the chief executive Cliff Prior's first public grilling since taking up the roll earlier this year. The "Town Hall" is intended as...

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GOOD MONEY WEEK RESEARCH SHOWS UK WANT FAIRTRADE FINANCE

New research coming out of Good Money Week, a national week to promote responsible investment, shows that the UK public would like ethical investment to be made easier. 63% support the introduction of a 'kitemark' style label to help costumers identify sustainable financial products - similar...

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COULD FRANCE’S ARTICLE 173 BE REPLICATED AT EU LEVEL?

A new energy transition law in France requires investors to disclose their contribution towards meeting climate targets. Article 173 of the new law is a significant comply-or-explain green finance mechanism, reports Responsible Investor, that requires investors to report on how they map the green house...

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GIIN INVESTOR FORUM 2016

Members of the world’s impact investing ecosystem are convening in Amsterdam on the 7-8 December at the GIIN Investor Forum 2016. This is the pinnacle of the world's impact investing calendar, designed to drive conversation, partnerships and investment. Join the biggest names in the industry to...

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SOUTH AFRICAN STUDY: WIND AND SOLAR 40% CHEAPER THAN COAL

Good news for the renewables sector: A leading research institute in South Africa finds that wind and solar power is 40% cheaper than output from new coal plants in the country, Megan Darby at Climate Home reports this week. The costs of renewables have dived over...

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LUXEMBOURG AND EIB LAUNCH CLIMATE FINANCE PLATFORM

The Grand Duchy of Luxembourg and the European Investment Bank has launched the Luxembourg-EID Climate Finance Platform, Blue & Green Tomorrow reports this week. The intention of the platform is to mobilise investments with a strong impact in addressing climate change, and will play a...

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OECD: SECURITISATION KEY TO FINANCING CLIMATE TRANSITION

In an article on Responsible Investor this week, Sophie Robinson-Tillett discusses the OECD's recent call  on policymakers to 'revitalise' the global securitisation market in order to achieve green investment targets. A new report by the organisation, Analysing Potential Bond Contributions in a Low-Carbon Transition argues that...

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PARIS AGREEMENT COMES INTO FORCE

The Paris Agreement has officially passed the two thresholds required for it to come into force this week. As Sophie Yeo at CarbonBrief explains, at least 55 countries covering at least 55% of global emissions had to ratify the deal for its provisions to become legally...

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CDP: STEEL COMPANIES NEED TRANSFORMATION TO SURVIVE POST-PARIS

A new report by the Carbon Disclosure Project (CDP), analyzing 14 of the world's largest steel companies, has found that the industry needs to reduce its carbon emissions by over 70% by 2015 in order to meet targets set out in the Paris Agreement. However,...

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SOCIAL FINANCE PUBLICATION: EVALUATING IMPACT BONDS

Social Finance recently released a publication written in partnership with the Children's Investment Fund Foundation: Evaluating Impact Bonds - Balancing Evidence and Risk. It explores the concept of evaluation in relation to Impact Bonds. The publication outlines three levels of evaluation that may take place within...

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$1TRN INVESTOR COALITION HIGHLIGHTS RISKS OF INDUSTRIAL ANIMAL PRODUCTION

A group of 40 institutional investors which includes Swedish state pension funds, Aviva Investors, Nordea, Boston Common and Coller Capital has launched an engagement with multinational food companies to highlight the material risks posed by global industrial animal production. The investors are urging companies such...

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AMIT BOURI: WORLD INVESTORS MUST HELP MEET DEVELOPMENT GOALS

Amit Bouri, the CEO of the Global Impact Investing Network (the GIIN), is calling on the world's investors to dedicate more of their capital to impact investments, in an op-ed in Institutional Investor. He argues that more investors need to join in the struggle if...