Responsible Investing

  • The power of making a fuss

    The power of making a fuss

    As head of BlackRock, the largest asset manager, Larry Fink’s pivot to responsible investing in recent years has been influential.

  • Investors fight SEC curbs on ESG motions

    Investors fight SEC curbs on ESG motions

    The latest battle in the campaign to weaken corporate governance standards in the US is being fought over rule changes that would make it harder for investors to propose motions at shareholder meetings. The ‘proxy advisers’ so central to US governance also face new restrictions.

  • Oil and gas ABS market grows despite push for ESG

    Oil and gas ABS market grows despite push for ESG

    Securitizations tied to oil and gas-related cash flows have emerged in recent months, despite growing support from the buy side for socially responsible investments (SRI). Though they run contrary to environmental, social and governance (ESG) principles, issuance of oil and gas royalty ABS may persist as long as the deals offer attractive yields, or until ESG investments pay a premium to brown ABS. Jennifer Kang reports.

  • World Bank’s cat bonds a win for all, says analyst

    World Bank’s cat bonds a win for all, says analyst

    Catastrophe bonds issued by the World Bank have been positive for both investors and the countries receiving protection from the securities, according to one market veteran. The organisation’s activity in insurance-linked securities has been highly innovative but has also received criticism from some quarters.

  • Investors talk big on corporate responsibility, but act feebly

    Investors talk big on corporate responsibility, but act feebly

    The noise about how capitalism is changing to a system in which social purpose is restored to the centre of companies' and investors' aims is now deafening. But look below the surface and the actual governance record of many companies and investors is dreadful. Most shareholders are too supine even to defend their own rights.

  • MSCI launches ESG and factor indices

    MSCI launches ESG and factor indices

    MSCI has launched a range of new indices aimed at corporate bond investors that want to increase their environmental, social and corporate governance and factor exposure.

  • TEG chief: Taxonomy is for disclosure, not prescription

    TEG chief: Taxonomy is for disclosure, not prescription

    Financial specialists will have two years to work out how to implement the European Union’s Taxonomy of Sustainable Economic Activities, which now looks certain to become law in the coming months. But investors, companies and banks are likely to start using the huge document much sooner than that, in a wide variety of ways.

  • Taxonomy deal done as France accepts tweak

    Taxonomy deal done as France accepts tweak

    European member states have voted to approve the law introducing the Taxonomy of Sustainable Economic Activities at the second time of asking, after France and other objectors won concessions in favour of nuclear power that pro-green observers insisted were nothing to worry about.

  • People moves in brief

    People moves in brief

    Barclays’ head of corporate broking leaves — ESG finance academic joins Barings — Morgan Stanley ratings banker heads for exit