Sustainable investments did better than conventional peers in H1 2020: Morgan Stanley

September 18, 2020.
Sustainable equity funds and U.S. taxable bonds performed better than conventional holdings in the first half of the year, Morgan Stanley found, making the growing investment category appear even more attractive.

Citi’s ESG fund makes its debut investment in biofuel, employment startups

September 18, 2020.
Citigroup, the third-largest U.S. bank by assets, said Friday that its new environmental, social and governance investment fund has put money into four startups focusing on sustainability initiatives.

US businesses put pressure on insurers to drop fossil fuels

Last modified September 18, 2020. Published September 18, 2020.
A coalition of 60 U.S.-based companies is calling on the country’s insurance industry to stop insuring and investing in fossil fuels, the first time that business policyholders have publicly made this kind of push.

Zurich rolls out products geared toward businesses anticipating climate risks

September 17, 2020.
Zurich Insurance Group is launching new products aimed at helping businesses to prepare for and manage a range of growing risks related to climate change, as environmental risks become an increasingly prominent concern for companies.

Sweden’s SEB launches green-technology investment unit

September 17, 2020.
Skandinaviska Enskilda Banken said Thursday that it will provide a needed infusion of venture capital for sustainability-focused entrepreneurs, starting with SEK 300 million ($34.2 million) for investments and aspiring to reach SEK 1 billion ($113.9 million) over time.

CME Group, Nasdaq to list first futures contracts based on California water

September 17, 2020.
Investors will soon be able to trade contracts representing California’s water supply after financial exchanges CME Group and Nasdaq disclosed that they will release “water futures” to allow price hedging on the increasingly scarce resource.

TD adds two mutual funds to sustainable investing lineup

Last modified September 17, 2020. Published September 17, 2020.
TD Asset Management added to its lineup of sustainable investing options on Thursday with the launch of two new mutual funds focused on creating wider access to the growing trend of green finance in Canada and throughout North America.

JPMorgan picks ex-NBC executive to replace Lee Raymond as lead independent director

September 16, 2020.
JPMorgan Chase said Tuesday that Stephen B. Burke, a longtime board member, has been named as its next lead independent director, replacing former ExxonMobil Chairman and CEO Lee Raymond, who previously agreed to step down from the role amid pressure from environmentalists.

UBS unveils cross-asset suite of climate-focused strategies

September 16, 2020.
Swiss bank UBS will offer five new climate-oriented strategies aiming to reduce the carbon footprint of their funds’ investments as its clients grow more climate-conscious, the lender said Wednesday.

EU to sell EUR 225B of green bonds as part of pandemic recovery

September 16, 2020.
The European Union is planning on selling EUR 225 billion ($266.1 billion) of green bonds as part of its pandemic recovery program, European Commission President Ursula von der Leyen said Wednesday, making it the largest issuer of such bonds.

Apollo names leadership of impact investing platform as it embraces ESG trend

September 15, 2020.
Alternative investment manager Apollo named the leadership team of its new impact investing platform on Tuesday, becoming the latest private equity firm to pledge to focus on environmental, social and governance goals.

CORRECTED: Bank of Montreal expands sustainable lineup with launch of four new retail funds

September 15, 2020.
BMO Investments launched four new sustainable funds, creating new options for retail investors interested in low-risk sustainable investing, as it catches up on the surging environmental, social and governance trend. Correction: A previous version of this story misstated the number of BMO's existing sustainable funds and the total assets BMO Financial Group had under management. The errors have been corrected.

Banking, insurance executives join call for EU to accelerate emissions target

September 15, 2020.
Executives from across Europe’s financial institutions are calling on the European Union to set higher targets for the reduction of greenhouse gases and implementation of an economic recovery package focused on the continent’s green and digital transition.

AEA Investors, Bridges Fund Management to seek $400M for ESG-focused SPAC

September 15, 2020.
AEA Investors and Bridges Fund Management are launching a blank check company in hopes of raising $400 million for environmental, social and governance-focused investment purposes.

Mexico issues world’s first sovereign bond linked to UN sustainable goals

September 15, 2020.
Mexico on Monday became the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations, raising EUR 750 million ($890 million).

US could fall behind Europe on sustainable investing policies: Fitch

September 14, 2020.
U.S. investment managers are receiving less regulatory support for sustainable investing practices than European Union and U.K. counterparts, creating a risk they may fall behind on that trend, Fitch said.

Companies should get ‘green ratings’ based on carbon emissions, BIS recommends

September 14, 2020.
Green bond projects are not showing evidence of improving firms’ carbon footprints, and companies should instead be given firm-level environmental ratings to help them reduce carbon emissions, researchers at the Bank for International Settlements said on Monday.

PIMCO backs climate-focused blank-check company seeking $200M in IPO

September 11, 2020.
PIMCO, the eighth-largest U.S. asset manager, will work with energy sector veterans to launch a blank-check company planning to take a sustainable energy company public in the future.

UBS to recommend sustainable investing over traditional to all wealth management clients

September 10, 2020.
UBS has begun pushing its global wealth management clients to embrace sustainable investing by labeling it as its preferred solution over traditional approaches, citing the potential for higher returns, in what it called the first such move for a major financial institution.

BlackRock launches trio of actively managed ESG funds

September 10, 2020.
BlackRock on Wednesday launched three exchange traded funds of varying volatility structured to consider environmental, social and governance factors, continuing one of the most persistent investment trends of the past year.