The chief investment officer of Spanish insurer Mapfre says EU regulators' attempts to supervise sustainable assets are too prescriptive, in that they lack essential interpretative context. This, he adds, is also partly why external ESG ratings fail to add major value.
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Under pressure from the financial sector, the EU, G7 and other influential bodies are ramping up the push to achieve consistent measurement and reporting of sustainability impact amid concerns that separate initiatives are hindering this goal.
The second-biggest US pension fund’s sustainability and stewardship director, Kirsty Jenkinson, outlines new strategies to decarbonise its investment portfolio and improve diversity in the corporate world.
As demand for sustainable investing continues its global rise, the corresponding jump in regulation has meant Australia and Europe – among the leaders in this area – have witnessed eligible ESG assets drop dramatically as a proportion of overall assets. Will Canada be next?
The Italian power company recently sold the largest-ever sustainability-linked bond, after issuing the world's first in 2019. It also has ambitious plans to cut emissions, add renewables capacity, and raise more sustainable funding.