News

BEYOND TRADE-OFFS: Investor perspectives from across the continuum of impact investing

As impact investing grows, investors are beginning to better understand the relationship between risk, return, and impact. Beyond Trade-offs is a series that includes research from the Economist Intelligence Unit on the factors driving this growth, and perspectives from leading investors who have moved beyond the trade-off debate to...

Millennial Voices: new collection of stories from Authentic Investor

Authentic Investor have released a new collection of short articles written by millennials working in investment. Millennial Voices brings together the stories of six young investment professionals, all working in sustainability roles across Canada, the Netherlands, the UK and the US. Their reflections show the...

$1 billion pledged by UN Green Climate Fund

Ahead of the UN climate talks in December, the Green Climate Fund has pledged $1 billion for 19 new projects and programmes in developing countries. The approved proposals include climate resilience projects in Indian coastal communities, renewable energy in Tonga and finance-focused programmes in Africa...

Banks and social impact measurement

Should banks measure their social impact? A recent article, focusing on banking in the USA, argues exactly that - and suggests that the financial sector could learn a lot from the non-profit world about how to measure and evidence the impact they are having on...

Impact investing for the SDGs

According to a new survey from the Global Impact Investing Network (GIIN), the value of the impact investment market has doubled in the last year, and is now worth $228 billion. Whilst this figure sounds impressive, it’s substantially less than the $5-7 trillion needed to...

Finance Innovation Lab Fellowship 2018-19 – now open for applications!

Finance Matters’ partners Finance Innovation Lab have opened applications for the Lab Fellowship 2018-19 - and this year’s theme is data. The Lab is on the hunt for brilliant innovations that harness the power of data to make finance serve people and planet – whether that’s...

Money managers team up with charities to offer ethical investment products

The Economist has an interesting piece on Impact Shares - a non-profit money manager who is developing exchange-traded funds in partnership with non-profits. Impact Shares has drawn on the expertise and experience of non-profits to determine criteria for ethical stocks around particular social justice issues....

EU climate initiative focuses on finance

EIT Climate-KIC – the EU’s largest public-private partnership for climate innovation – is focusing on finance at their upcoming Climate Innovation Summit: Mission Finance in Dublin on 6-8 November. Speaking to Environmental Finance, Climate-KIC’s CEO Kirsten Dunlop highlighted the need ‘to rewire the financial system...

‘Sluggish’ progress towards gender equality in finance

A new report, based on data from the Financial Conduct Authority, has revealed that women in financial services are still very much in the minority at senior levels. Only 14% of partners at private equity firms, hedge funds and other financial services companies are women,...

UK ethical investment market set for 173% growth

Edie reports that the ethical investment market in the UK will reach £48bn by 2027. New research from Triodos Bank, which surveyed 2020 UK investors, shows a growing appetite for socially responsible investment. Given that this commitment is particularly high among millennials and Gen Z,...

Investors are tackling corporate greenwashing

Bloomberg has an interesting article on corporate sustainability claims and reporting, highlighting the role that investors have played in pushing for accountability. Whilst greenwashing remains a problem, the piece argues that investors are creating greater transparency by introducing their own tools and and reporting mechanisms. Read...

Ethical investment options growing among robo-advice websites

Online investment platform Wealthify has added ethical portfolios to their product offerings. Money Observer reports that Wealthify joins other robo-advice websites Moola, PensionBee and Wealthsimple in offering customers ethical investment options, representing a growing demand for investment opportunities that align with customer values. Wealthify customers...

Worthstone launches impact investing awards

Worthstone, the social impact investment firm, have announced the launch of a series of ethical investing awards, to celebrate and recognise best practice in impact investment. Award categories include best impact product, best impact firm and an award for individual advisors. Submissions are open now...

Pension funds warned of possible legal action on climate

BusinessGreen reports that environmental legal charity ClientEarth has written to 14 large pension funds in the UK, outlining how they could face legal action if they do not do more to respond to the risks posed by climate change. The letter outlines how they are...

Chartered Banker Institute launches new Green Finance Certificate

The Chartered Banker Institute has launched the world's first professional qualification in green finance: The Green Finance Certificate.  Finance Matters’ partners The Finance Innovation Lab are proud to have authored the textbook for the course, which covers: The scientific background to green finance, including climate change and...

UNEP releases new climate methodology for banks

Sustainable Brands reports that the UN Environment Finance Initiative (UNEP FI), in partnership with climate risk advisory firm Acclimatise, has published a new report, Navigating a new climate, containing methodologies to support the banking industry to understand and assess climate risks and opportunities. The methodologies...

Banks join fight against climate change

Bloomberg reports that several of Europe’s biggest banks have announced new sustainable finance initiatives, representing the growing willingness of financial institutions to get involved in climate action. Examples mentioned include a sustainable investing strategy at UBS, a colour-coded risk ranking related to the environmental credentials...

Evidence of demand for ethical investment continues to grow

Good with Money has collated a useful selection of reports from the last few years that show that the demand for ethical investment options is here, and growing. The reports, including from The Global Sustainable Investment Alliance, UKSIF and Morgan Stanley, offer a range of...

Government announces launch of Green Finance Institute

In his annual Mansion House speech last Thursday 21 June, the Chancellor Philip Hammond announced that the government will establish a new Green Finance Institute, co-funded with the City of London Corporation. The Institute is tasked with developing the UK’s green finance market but has...

Culture change needed to achieve gender diversity in finance

The Treasury Committee has published a report calling for a cultural shift in the financial services sector to address the lack of gender diversity at senior levels. The report looks at the barriers facing women in finance, and found that most stemmed from the ‘alpha-male’...

Growing sense of responsibility among young millionaires

A new survey of over one thousand high-net-worth individuals suggests a substantial lean towards feelings of societal responsibility and interest in impact investing among younger generations. The survey, commissioned by RBC Wealth Management, asked respondents a range of questions on topics such as how their...

Investing in a just transition

A new paper from the Grantham Research Institute argues that while investors are increasingly taking action on climate change issues, few are integrating social concerns into their strategies - tackling not only the challenge of ‘stranded assets’, but also the risk of ‘stranded workers’ and...

Are hedge funds turning to responsible investment?

The Financial Times reports that hedge funds are committing an increasing proportion of their assets to responsible investment strategies. According to a survey of 80 investment managers, 40% of hedge funds have already hired a responsible investment specialist or plan to do so, while with...

European Investment Bank launches Sustainability Awareness Bond

On the margins of the recent IMF/World Bank Group Spring Meetings, the European Investment Bank (EIB) has announced the launch of the Sustainability Awareness Bond. The Bond, which will initially focus on the water sector, aims to support the achievement of the United Nations Sustainable...

Firms join Social Impact Investing Taskforce

Last year, the UK Government commissioned an independent Advisory Group to publish a report with recommendations for growing a culture of social impact investment and savings in the UK. Following publication of the Advisory Group’s report, Prime Minister Theresa May has now asked Elizabeth Corley, vice chair of Allianz...

Barclays launches new green mortgage scheme

Good with Money reports that Barclays has launched a new Green Home Mortgage, offering discounted rates for those buying energy efficient properties from selected housebuilders. The move follows the launch of its multi-impact growth fund, which enables its customers to invest in some of the...

The financial performance of impact investing through private debt

The GIIN (Global Impact Investing Network) has released a number reports on the financial performance of impact investing, aiming to set sector benchmarks and build a strong evidence base for impact investment. Private debt and fixed income instruments are among the most significant asset classes in impact investing, accounting for...

Social Investment Intelligence Network releases its first report

While there is plenty of available research on the demand from investors for social investment opportunities – and periodic research into the demand for finance from charities and social enterprises – there is little ongoing, up-to-date information available about the nature of this demand for...

UNEP Finance Inquiry releases final report

On 31 March, the UN Environment Programme Inquiry into the Design of a Sustainable Finance System came to the completion of its mandate. The Inquiry, launched in 2014, aimed to advance options to align the financial system with sustainable development, and spurred the development of...

AI and finance: opportunity or risk?

Will AI help people understand their financial options or increase bias and exclusion? How can automated advice take account of people’s social and environmental motivations?  And how can AI reflect changing values over time and between generations? The Finance Innovation Lab has released a new briefing...

Finance for the Future 2018 Awards – now open for entries

The call for entries has now opened for the 2018 Finance for the Future awards, celebrating finance teams that champion sustainability. The awards, are free to enter and open to all individuals and organisations globally, including businesses, charities, social enterprises and those in the public sector. The awards are unique...

Green Finance Taskforce publishes recommendations

The Green Finance Taskforce has published its report to UK Government, with 30 recommendations aiming to unlock private finance to support the transition to a low-carbon economy. The recommendations are grouped around ten overarching themes, including: Creating a unified brand for green finance in the UK Launching a...

ExxonMobil’s 2016 Mock Integrated Report

When introduced to the idea of integrated reporting – communicated how an organisation creates value in the short, medium and long term – companies typically raise three concerns: complexity, cost, and litigation risk. To address these issues, Bob Eccles of Said Business School and Mike...

London tops Global Green Finance Index

A new index measuring the progress of the world’s financial centres towards sustainability has ranked London in first place. The Global Green Finance Index, published by campaign group Finance Watch and consultancy Z/Yen, seeks to measure perceptions of the quality and depth of green financial products...

EU releases new Action Plan on Sustainable Finance

The European Commission has released its new Action Plan on Sustainable Finance, following the publication of its High-Level Expert Group’s recommendations for supporting the sector. The Action Plan has three main aims: reorient capital flows towards sustainable investment manage financial risks stemming from climate change, environmental degradation...

New taskforce on social impact investing

The Prime Minister has commissioned an industry taskforce to progress the recommendations in the ‘Growing a Culture of Social Impact Investing in the UK’ report, released in November 2017. The taskforce will work on generating a faster rate of innovation in the financial services industry...

New online platform launched to support impact management

Access and New Philanthropy Capital have launched impactsupport.org, an online platform co-designed with charities and social and enterprises to offer practical support for impact planning, data and culture. The site – built with “ real insight, experience and grit from across the voluntary, public and private...

Should we scrap the phrase ‘investment readiness’?

Should we scrap the phrase ‘investment readiness’? Nick Temple, the new CEO of the Social Investment Business, argues in Civil Society that too much support is focussed on getting social enterprises and charities ready for one potential outcome, rather than strengthening their flexibility, resilience and...

Is the EU about to launch a ‘green’ assets classification system?

Earlier this year, the European Commission's High Level Expert Group on Sustainable Finance published its final recommendations, including a call for Europe to create a robust classification system for 'green' or 'sustainable' investments. Now it's reported that EU finance ministers have accepted the need for a classification system, according...

MBAs: the case against

The MBA has long been seen as the essential qualification for business leaders, but in a recently published extract from her book Makers and Takers, Financial Times journalist Rana Foroohar argues that the qualification is failing the economy and society. Foroohar argues that "MBA education today is basically an education...

The growth of purpose-driven business

B Lab UK has released new research showing that registered B Corps grew 28 times faster than UK GDP over the past 12 months. Average year-on-year growth of B Corps- businesses that achieve a high level of social or environmental outcomes - was 14% in the past year. 150 B Corps have registered...

Solar boom in China powers growth in clean energy investment

World clean energy investment totalled $333.5 billion last year, up 3% from 2016 and the second highest annual figure ever. Solar investment globally amounted to $160.8 billion in 2017, up 18% on the previous year, with just over half of the world total ($86.5 billion) spent in...

Perspectives on the circular economy from practitioners

In tandem to highlighting the Circular Phone report, we've sourced a few examples of the opportunities and challenges of implementing the circular economy techniques in practice. In November the Ellen MacArthur Foundation released a visionary report outlining a new system for the fashion industry based on...

New financing models supporting the Circular Economy

This month, Sustainable Finance Lab, ​Circle Economy​, Fairphone​, ​PGGM​, ​ING​, ​ABN AMRO​, ​NBA​, ​Allen & Overy, and Circularise​, have teamed up within a Community of Practice and launch the report The Circular Phone. The report provides practical answers to common financing pitfalls for circular businesses,...

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...

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...

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...

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...

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...

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...

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...

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...

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%)....

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...

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...

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....

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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...

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....