Selectors in the dark on ESG criteria
Rating agencies at odds with UN body over ESG definition, EC sustainable framework decision key
ESG
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Commerzbank raises €500m from inaugural green bond
The issuance will help finance on and offshore wind and solar projects in Europe and the Americas
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‘Big oil’ stuns investors with commitment to tradition
Higher carbon prices and investor lobbying efforts are doing little to make oil and gas companies change their ways
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UBP launches impact equity fund
Measurement of non-financial performance alongside financial results will be one of the strategy’s key characteristics
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GSAM launches ESG-centred EM fund
The firm will leverage its own research and insights on companies’ ESG practices and engage with management on material risk areas
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Amundi to integrate ESG into all funds by 2021
Asset manager will require all active funds to offer ESG performance above ESG rating of their benchmark indices or universes
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Investors cannot afford to ignore climate risks, urges Nordea
The economic incentive to invest in climate solutions has reached inflection point, portfolio managers argue
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Investors remain sceptical about whether ESG generates alpha
Survey suggests majority of investors remain unconvinced about link between ESG incorporation and alpha generation
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ESG integration in bonds ‘requires different strategy’ to equities
ESG criteria in fixed income funds should focus on company’s financial strength, rather than market sentiment
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Cutting carbon completely from portfolios not sustainable: panel
Reducing the carbon footprint in a portfolio through ESG screening alone seen as box ticking exercise
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Fitch signs to PRI and establishes sustainable unit
Ratings agency has launched new Global Sustainable Finance unit as Morningstar prepares to revamp its sustainability fund ratings system
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UK ethical funds see platform flows surge
ETF launches boost sales of ESG products in the UK