With many asset owners historically reticent, and some unable, to invest in the renewable energy market, has 2021 proved a turning point for institutional investor appetite in this crucial asset class?
SDG 13: Climate action
Net-zero emission pledges are under growing scrutiny from investors amid worries over the gaming of carbon reporting. Governments are facing rising pressure to ensure accountability for such commitments.
Passive investing has been posed as a threat to the planet – but how far does the data support these claims?
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.
The embattled Swiss bank has cut lending to heavy polluters and is analysing its loan book's carbon intensity and clients' 'transition readiness', but has been slow to set emission-reduction targets. Two of Credit Suisse's top ESG and sustainability executives set out its thinking.
Recognised as a leading asset owner in portfolio carbon reduction, New Zealand Superannuation Fund is further refining its environmental investing strategy. The state institution is looking to do earlier-stage deals and use more impact-focused asset managers, among other things. Here's how.
Investors are increasingly joining the IMF, OECD and World Bank in pushing for a global system for carbon pricing. Implementing it remains politically problematic, but the ever-louder alarm bells over climate change are raising hopes it could happen.
Despite Seoul's commitment to reducing the country's reliance on fossil fuels, new coal-fired power projects are still raising funds. But the commodity's recent sharp price rise may focus the minds of corporate executives, bankers and government officials.
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.
Used as part of a broader set of tools to assess banks, investors say the new reporting requirement will determine which institutions are taking green finance seriously. However, it lacks the sensitivity to capture transition finance, for example.
Despite coal's influence on global warming, less than half of the world’s largest asset managers have an investment policy in place for it, according to non-profit organisation Reclaim Finance.