According to a credit research note from Barclays, corporate ESG bond issuance dropped to $362 billion last year from $461 billion the previous year. The lender estimates that this year, ESG bond sales will increase by 30% due primarily to the sale of green bonds.
The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management. The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in ... Read more »
Air France, BMW, Hewlett-Packard and Microsoft are among 79 companies leading in climate change performance, according to a new evaluation and benchmarking tool created for CDP supply chain members and suppliers. The Supplier Climate Performance Leadership Index, which was compiled by environmental consulting and software firm FirstCarbon Solutions on behalf of ... Read more »
Unilever, Kellogg, Dunkin Donuts and General Mills are among the companies facing pressure from investors to adopt policies that would ensure palm oil development does not contribute to deforestation, development on peatlands, or human rights violations. In an effort coordinated by Green Century Capital Management, a coalition of institutional investors ... Read more »
Financial services providers Barclays and MSCI have released three categories of environmental, social & governance (ESG) fixed income indices, which the companies say are the first fixed income performance benchmark indices based primarily on ESG factors. The Barclays MSCI ESG Fixed Income Indices are made up of more than 500 ... Read more »
British Airways has committed to purchasing, at market prices, low-carbon jet fuel produced by the GreenSky London waste-to-fuel plant. The contract is worth $500 million over ten years, at today’s prices. The GreenSky London project will see the construction of a facility that will annually convert about 500,000 metric tons ... Read more »