Bankers say clean energy needs more policy stability to secure funding in the face of rising market risks, as more investors cut exposure to fossil fuels – in some cases entirely.
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.
With the US Congress divided over proposed climate and infrastructure bills, and plenty of financial sector opposition to President Joe Biden’s plans, major North American retirement funds stress the need for environmental policy stability.
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?
While it has a long-standing focus on climate risk, the $1.3trn NBIM doesn't set a specific goal for cutting its portfolio carbon emissions – despite measuring them since 2014. Nor does it want to adopt a climate-adjusted equity benchmark.
Norges Bank Investment Management owns stakes in some 9,000 companies and seeks to use its huge influence for positive impact. Deputy CEO Trond Grande explains how the fund practises what it preaches when it comes to corporate disclosure.
The C$105bn fund has been an early mover in measuring its total portfolio emissions. The head of its sustainability committee talked Capital Monitor through the process and the third parties it works with to achieve it.
Sustainable bond issuance rocketed in the first quarter. Despite scepticism over their true purpose and impact, there is little evidence to suggest that demand will abate soon.