It started with bonds. Now even collateralized debt obligations (CDOs) come in green.
It will cost more than the gross domestic product of the entire world to rewire the global economy to run on clean energy.
The environmental group that authored a key proposal against fossil-fuel financing said pushback from the banks it targeted helped ensure the resolution failed.
As chief architect of the finance industry’s biggest climate coalition, Mark Carney said banks and asset managers are doing a better job at steering capital away from fossil fuels than is implied by what he described as “clickbait” headlines.
The same morning Russia invaded Ukraine, the people running the Church of England’s $5 billion pension fund decided they’d seen enough, and quickly went to work to clear their portfolio of Russian investments.
Private equity firms, along with hedge funds, are significantly ramping up the amount they’re willing to pay specialists in sustainable finance, as a field once at the lower end of the pay scale moves closer to the top.
Digital-asset companies are pushing back against claims of excessive energy usage in the cryptocurrency sector as world leaders flock to Glasgow this week for key climate change talks.
Ulf Erlandsson isn’t your typical climate campaigner: He prefers the trading desk to the picket line.
Casey Harrell, the campaigner whose sustained pressure was instrumental in pushing BlackRock Inc. to act against climate change, approaches his work as if locked in a race against time. That was true even before the 42-year-old environmental activist was diagnosed last year with amyotrophic lateral sclerosis, also known as Lou Gehrig’s disease.
Morgan Stanley will begin reporting the carbon emissions resulting from its lending and investments, providing greater clarity than any of its major American peers on how the bank contributes to climate change.
It identified 244 companies during the 2020 annual proxy season that weren’t doing enough to either prepare their businesses for a warming planet or inform investors about the climate-change risks.
BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios outperformed traditional market benchmarks in the recent market downturn.
Linking executive pay with performance is set to gain much greater traction following the coronavirus outbreak, according to asset manager Nuveen.
They say the pandemic has only strengthened their convictions and the performance of sustainable portfolios should vindicate their strategy.
