Whether it’s in equities, government bonds, ETFs (exchange-traded funds) or hedge funds, investors around the world are demanding socially and environmentally conscious options.
TCI Fund Management – with $30 billion in assets – is pushing portfolio companies to dramatically reduce greenhouse gas emissions and disclose their carbon footprint. If they don’t, they’ll oust their boards or dump their shares.
The World Bank has announced a 10-year Global Sustainable Development bond on May 16. The investment goal of ¬1.5 billion was significantly oversubscribed, reaching ¬2 billion from 69 investors.
First in a new series of Sustainable Development Goal bonds issued by the World Bank will aim to fund projects that promote clean water and healthy oceans.
The company said its aim is to deliver the “most inclusive” green funding in the market, providing businesses with discounted lending to help them invest in measures that curb environmental impacts and boost productivity.
Laurence D. Fink, founder and chief executive of the investment firm BlackRock, is going to inform business leaders that their companies need to do more than make profits they need to contribute to society as well if they want to receive the support of BlackRock.
To avoid doing business with socially irresponsible corporations, the city is willing to lose investment incomeabout $4.5 million a year.
On May 1st, the moderate side of Mr Roberts reappeared when he once again shuffled to the left to stand up to banks that had targeted racial minorities for subprime loans.
Globally, total green bonds issuance stood at $21.76 billion during the first quarter of 2017, up nearly 42 per cent from the issuance during the same period last year according to the Climate Bonds Initiative.
Specifically, the framework follows the Social Progress Index in assessing how a community meets basic human needs for healthcare, sanitation and safety; provides foundations of wellbeing, including environmental quality; and offers opportunities, such as access to advanced education and personal choice.