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 HSBC 6,623.09 48 6.22%
2 Credit Agricole CIB 5,915.31 35 5.55%
3 BNP Paribas 5,736.07 36 5.38%
4 Bank of America Merrill Lynch 5,487.29 34 5.15%
5 Citi 5,339.73 31 5.01%