Bondholders remain tongue-tied as climate risks worsen

Most bond investors are making minimal effort to lobby companies to improve their performance on climate change, a new report has found. Some feel they haven’t the right to make demands; some leave it to equity colleagues; some do not see it as relevant.

  • By Jon Hay
  • 31 Jan 2019

Yet they believe climate change is real, and the financial risks it brings are becoming more and more obvious. Last year’s California wildfires caused $12bn of losses to insurers, the wipe-out of a $200m catastrophe bond and the bankruptcy of Pacific Gas & Electric, with $52bn of debt.

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Bank of America Merrill Lynch 1,936.96 10 9.13%
2 Citi 1,738.87 5 8.20%
3 HSBC 1,544.10 12 7.28%
4 Barclays 1,148.44 6 5.41%
5 Credit Agricole CIB 1,048.00 7 4.94%