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...
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...
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...
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...
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...
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...
https://www.euromoney.com/article/b1dx148qjztwp3/why-private-capital-will-dominate-markets-for-the-decades-to-comeScepticism over capital markets is on the rise. It is leading more and more investors to turn to the powerful and growing private equity industry. As a result, companies tend to stay private for longer swelling private equity market five times in the last two...
As of October 8, Makoto Uchida, head of China operations, has been appointed as CEO. He will be supported by Ashwani Gupta, an India-born former Renault executive who will become COO. The management team will also include Jun Seki, currently in charge of Nissan’s turnround, as vice-COO....
Hari Nada, a powerful Nissan insider who was behind the ouster last year of Nissan’s chairman, Carlos Ghosn, over compensation issues, had been improperly overpaid himself, according to a law firm investigating problems at Nissan. As of October 9, Nissan Motor Co. said it has limited...
As of October 8, 2019 Hong Kong Stock Exchange announced the drop of its £32 bn bid to acquire the London Stock Exchange. For further information, see the following links: https://www.hkexgroup.com/-/media/HKEX-Group-Site/ccd/Possible-Offer/28-Announcement--HK-cover-ENGcombined.pdf https://www.theguardian.com/business/2019/oct/08/hong-kong-bid-london-stock-exchange-lse https://www.cnbc.com/2019/10/08/hong-kong-exchange-drops-its-39-billion-bid-to-buy-the-london-stock-exchange.html https://www.ft.com/content/ccb827ce-e95f-11e9-a240-3b065ef5fc55 ...
According to Archbishop Desmond Tutu, corporations, financial institutions and socially conscious citizens must pull us back from the climate change abyss. They have the muscle to make renewables mainstream and reposition fossil fuels as the tobacco of the energy industry. Sadly, the leaders of some...
Thomson Reuters Corp announced on Monday it had completed the sale of a majority stake (around 55%) in its Financial & Risk unit to private equity firm Blackstone Group LP. The unit will now be rebranded as Refinitiv. Investors also announced that Refinitiv will invest in multiple...