EU makes banks and funds report ESG risks

Another piece of the jigsaw of greener financial markets was inserted on Tuesday last week, though hardly anyone noticed. Under the EU’s new Investment Firms Regulation, asset managers and investment banks will have to disclose their environmental, social and governance risks, including from stranded assets, and how they vote in shareholder meetings. The requirements are quite radical and amount to insisting that all firms practice ESG investing.

  • By Jon Hay
  • 06 Mar 2019

Sven Giegold, a German Green MEP, argued the law could lower the risk of markets ignoring environmental problems for too long, then overshooting when they suddenly realise these are serious.

“There is a very strong argument that markets tend to be blind towards the future,” said Giegold. “That ...

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Global Green Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 4,644.41 36 6.30%
2 Credit Agricole CIB 4,624.79 26 6.27%
3 Bank of America Merrill Lynch 4,359.57 22 5.91%
4 BNP Paribas 3,538.35 20 4.80%
5 Citi 3,486.70 19 4.73%