HSBC Bank Canada has issued the country’s first green loan, the company said Thursday, converting an existing 71.5 million Canadian dollar (about $52.6 million) loan to Vancouver-based Concert Properties and building on HSBC’s sustainability goals.
Vanguard Asset Management, with an eye toward the voracious demand for environmental, social and governance-focused investing, will launch its first U.S.-based corporate bond fund screened for these values, it said Thursday.
Amundi will use a model for environmentally focused investing that assigns a “temperature rating” to each holding based on its global warming impact, as the firm looks to quantify sustainability in all of its investments by 2021.
AXA Investment Managers plans to set a 33% target for gender diversity on listed company boards in developed markets starting next year, the company said Wednesday, building on years of efforts to increase the number of women helping to lead companies.
Insurer Australian Unity made two executive appointments on Monday and launched a new fund that will invest in green, social and sustainable fixed interest securities, a move prompted by destruction from Australia's bushfires.
Generali has repurchased nearly €600 million ($676 million) in conventional debt in a bid to drive down its interest expense, while furthering its green investment initiative with a new bond issuance.
Dai-Ichi Life, Japan’s third-largest life insurer by revenue, said Tuesday that it purchased in the first-ever bond tied to goals for reducing plastic waste, helping the carrier fulfill its sustainability initiatives.
To keep members informed of sustainable investing options, Sun Life’s Group Retirement services has debuted a proprietary Environment, Social and Governance evaluation framework, the insurer said Tuesday.
French financial giants Societe Generale and CNP Assurances both said this week they would take major steps toward eliminating their exposure to the coal industry, adding to a string of recent climate-related commitments by major European financial institutions.
Virgin Money said Wednesday it will shed 300 employees and cut 52 branches following a 2018 merger with Clydesdale Bank, as the U.K. bank resumes restructuring plans it had delayed in light of the COVID-19 crisis.
Lazard Asset Management created a new U.S. portfolio focused on environmental, social and governance factors, boosting its offerings intended to attract investors who are interested in sustainability.
Generali will release a €600 million ($674 million) green bond and cycle out a similar amount of conventional debt with a buyback offer on three subordinated notes, the Italian insurer said on Tuesday.
MetLife sold $750 million in green bonds to be invested according to the insurer’s own sustainability framework, marking the first offering of that type by the U.S. life insurer.
Singapore-based DBS pledged SGD 20 billion ($14.4 billion) in sustainable investments and released a framework and taxonomy to define metrics and benchmarks for the trillion-dollar sustainable investing sector on Monday.
Deutsche Bank and Olam International have agreed on a foreign-exchange forward, the first of its kind to be made in Asia, that ties a lock-in discount to Olam’s success in meeting environmental, social and governance targets.
Active investment fund managers in the U.S. struggled to outperform market trends as the coronavirus pandemic set in and their time was eaten up with business continuity issues, but more rapid adoption of new technologies could help them regain an edge, consulting firm Deloitte said.
BNY Mellon on Thursday unveiled a trio of cloud-based products meant to help clients generate higher returns and improve market share with portfolio customization through its recently formed cloud-based products group in collaboration with tech giant Microsoft.
As financial firms worldwide continue to shift more attention toward sustainable and green finance strategies, Janus Henderson Investors has launched the Janus Henderson Global Sustainable Equity Fund, the company said Thursday.
Singapore’s DBS Bank and OCBC Bank have issued a seven-year, $700 million Singapore dollar ($502.4 million) sustainability-linked loan to a joint venture of Keppel Infrastructure Trust and Keppel Energy, the companies said Wednesday.
UBS said Wednesday that it is investing $440 million in a sustainable investment fund offered by Rockefeller Asset Management, expanding the socially conscious investment options it gives to clients.