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.
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.
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 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.
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.
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 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 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.
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.
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.
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.
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.
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 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 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).
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.
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, 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 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 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.