The idea of incorporating gross national happiness into mainstream economic thought has long been a subject reserved for debating societies and 'lefty' thinkers. As politicians are cornered into taking immediate action on climate change, capitalism is in for a big surprise.
Green short-term funding has struggled to take off as an asset class. With Asia’s first green commercial paper guarantee for Taiwan’s Sing Da Marine Structure, Crédit Agricole hopes that a new wind is blowing.
The A$150bn pension fund is using its financial heft to address modern slavery and has developed a risk-assessment tool to support its reporting requirements. But while some asset managers have shown overwhelming support, others are still burying their heads in the sand.
Border to Coast Pensions Partnership, one of the largest British retirement asset pools, is developing its approach to ESG data as it ramps up its focus on private markets, carbon measurement and diversity issues. The institution's head of internal management gives Capital Monitor the lowdown.
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?
Capital Monitor asked 22 top insurers for their position on the recent IEA report calling for an immediate cessation to investing in and building new oil and gas projects. Only seven responded with answers but none were prepared to make firm commitments.
Investor action around UN Sustainable Development Goal 15 – Life on Land – is slow, but it is gathering momentum. We look at how a handful of investors are embracing technology as part of the approach to managing deforestation risk.
Small steps maybe, but early-stage investment into tech companies linked to SDG 15 – Life on Land – is shooting up. Good news for institutional investors complaining about the lack of infrastructure to support investment policies around biodiversity.
Privately owned companies are integrating ESG disclosure into their financing agreements at the fastest rate on record as new sustainability regulations and shifting investor demand push one of the most secret market segments to come out.
The development of new ways to apply sustainable capital is truly exciting, but investors must pay close attention to how new fund offerings are created and the ESG data on which they are predicated.
Institutions such as the UN are piling pressure on insurers to introduce net-zero commitments to their underwriting portfolios – including for coal and all fossil fuels – and evidence indicates this is paying off.