KBI excludes fossil fuels in new strategies
Irish investment group said it was responding to growing investor demand for fossil-fuel-free strategies
Climate Change
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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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Tobam reduces carbon footprint
Paris-based asset manager aims to shrink its footprint by 20% against its reference benchmark
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Green funds struggle to detail environmental credentials
Environmental funds are blaming poor data on holding companies for their inability to report on environmental impact as the industry’s methodology for measuring green credentials throws up mixed results.
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Funds rebadging as ESG reaches new heights
Asset managers are increasingly repurposing underperforming funds into ESG products to jump on the sustainable investing trend, but an announcement this week from Franklin Templeton Investments has taken the process to new heights as it repositions a global equities fund into a thematic climate change product.
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$1trn Norway wealth fund wants to drop oil and gas stocks
Norway’s sovereign wealth fund is proposing to dispose of all its holdings in oil and gas stocks to “make the government’s wealth less vulnerable to a permanent drop in oil and gas prices,” the fund announced in a letter to Norway’s ministry of finance.
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Rising carbon prices threaten dramatic drop in profits – Schroders
Carbon prices will have to increase exponentially over the coming decades if we are to meet the minimum target of the Paris Climate Accords.
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Which funds have the lowest climate impact?
Investors can now measure the climate impact of the funds they invest in, using “the world’s first climate impact rating for funds”.
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Investment groups reassure as Trump pulls plug on Paris accord
Investment managers have played down Donald Trump’s decision to pull the US out of the Paris climate agreement, saying the effect on companies will be minimal.