The EU Parliament has declared a global “climate emergency” ahead of next week’s international COP25 climate summit and backed raising the EU’s emissions reduction targets from 40 to 55% by 2030. In a separate resolution, Parliament urges the EU to submit its strategy to reach climate neutrality...
Climate change, Disinvestment, Financial Institutions, Senza categoria / 28.11.2019
ECB under pressure to ditch climate polluters from balance sheet
The European Central Bank should take "concrete action" to help tackle the climate crisis, more than 160 academics and civil society groups said in a letter to new ECB chief Christine Lagarde. "The most powerful financial institution in Europe cannot just sit passively as we witness...
Climate change, Senza categoria / 27.11.2019
Christine Lagarde wants key role for climate change in ECB review
According to the FT of November 27, 2019, Christine Lagarde, the new President of the European Central Bank (ECB) wants to set climate change as a priority goal for the ECB strategy and make the environment as a central topic of monetary policymaking. The reputational risk...
Climate change / 27.11.2019
Rapid warming is decimating the fishing industry in Angola, a country with low carbon emissions
Global warming is affecting the fishing industry of African countries. Tombwa, once a prosperous fishery city on Atlantic Angolan coast, sees its economy collapsing as global warming rises and fishing remains unregulated. Tombwa’s maritime life is threating by oxygen-depleted and hot waters, major consequences of global warming....
Investors in ESG funds will end up with more exposure to Saudi Arabia than a passive investor, highlighting complexities in responsible investing. The article written by James Mackintosh on the WSJ of November 26, 2019 analyzes the difficult choices behind the selection of bonds of better emerging-market...
The CO2 emissions continued to rise in the 2015-2019 timeframe and will continue to rise in the future. This is a bleak forecast according to the new Report by the the Science Advisory Group to UN Climate Action Summit 2019. The key messages of the Report...
ESG Rating, Senza categoria / 25.11.2019
MSCI arms all investors with ESG ratings of 2,800 top firms
A growing number of investors across the world are factoring ESG risk into their decision-making, in the belief that companies with a good rating will be better-run and produce stronger returns with lower risk. MSCI, which awards companies an ESG rating based on 37 criteria such...
ESG Rating / 21.11.2019
S&P acquires ESG ratings arm of RobecoSAM
As of November 21, 2019 S&P Global announced it will acquire the ESG Ratings Business from RobecoSAM which consists of two units: one dealing with SAM CSA which issues ESG ratings and a second providing in-depth reports to companies for comparing relative performance relative. SAM...
In November 2019, the Securities and Exchange Commission (SEC) voted a controversial proposal for more stringent scrutiny of proxy advisers, companies which support investors managing their votes at corporate meetings. The US financial regulator required proxy adviser to let listed companies’ management review proxy advisers’ recommendation before it...
Climate change, ESG, Senza categoria / 05.11.2019
Progress toward sustainable development is seriously off-track
Hunger is rising, half the world lacks basic education and healthcare, women face discrimination. This are are huge systemic risks. According to the secretary-general of the United Nations, Antònio Guterres, in an article published on the FT of November 4, 2019, in a time of...