State Street launches ESG emerging market bond fund

State Street Global Advisors has launched the Article 8 State Street Emerging Markets ESG Hard Currency Government Bond Index fund, which invests in emerging market government bonds. The fund, which deals in USD-denominated bonds, began with an initial investment of $50m (£39.6m) and follows the J.P. Morgan ESG EMBI Global Diversified Index, which puts emphasis … Read more

Mini grids: Providing social as well as environmental opportunities

Blended finance offers a solution that “can help alleviate the technological and market risks” associated with investment in the low carbon economy, according to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and auctusESG. The report Blended Finance: Key to Bridging Energy Transition Gap in Developing Countries emphasises that blended finance … Read more

Sarasin & Partners and Generation IM among financial institutions recognised for climate change action

Two asset management firms – Sarasin & Partners and Generation Investment Management – have been recognised for their progress in acting on their climate commitments in the inaugural Sustainable Finance Report Card published by the Centre for Climate Finance and Investment at Imperial College Business School. In partnership with the Carbon Tracker initiative, the report … Read more

CSDDD vote delay ‘a leadership failure’ amid rising tensions

The Belgian Presidency has decided to postpone the Corporate Sustainability Due Diligence Directive (CSDDD) vote in the Council of the EU today (9 February), following Germany’s announcement of abstention and the need for further discussions among EU Member States. As recently as Wednesday, the Institutional Investors Group on Climate Change, the Principles for Responsible Investment … Read more

PRI’s five-star ratings for asset managers in 2023

UN Principles of Responsible Investment has been delivering report cards to asset managers rating their responsible investment practices for the past year. Investment manager signatories report annually on their responsible investment activities using the organisation’s reporting framework, and then receive an assessment report showing how these activities and progress have been rated. The reports, and … Read more

ESMA given regulatory powers over ESG ratings

ESG ratings providers will need to seek approval to ensure they comply with transparency requirements under rules that were provisionally agreed by the European Council and European Parliament this week. Lawmakers announced on 5 February they had agreed the regulation of ESG ratings activities to boost confidence in sustainable products: ESG rating providers will need to … Read more

Carbon credits could reach $238 per ton by 2050 if confidence is restored

Measures put in place to restore confidence in carbon credit markets could help push prices to $238 per ton, building a market value of over $1.1trn by 2050, according to BloombergNEF’s (BNEF) Long-Term Carbon Offsets Outlook 2024 report. Ongoing scrutiny and reputational issues led to 2023 being a challenging year for the voluntary carbon market, … Read more

How do we feed 10 billion people by 2050?

Current agricultural practices require profound transformation. This is creating unprecedented opportunities across the global food value chain. From daily bread to daily headline, food is a hot topic. Pasta shortages panicked shoppers during the pandemic, while surging inflation has fuelled steep increases in the cost of the weekly shop. But what’s going on behind the … Read more

Cockerill exits Rowan Dartington for Verso IM

Tim Cockerill, member of the ESG Clarity Committee, is departing his role at Rowan Dartington after 12 years to join Verso Investment Management as investment strategy director. Verso IM is the discretionary fund management arm of Verso Wealth Group, and Cockerill’s new role will centre around developing a proposition and range of products for Verso’s … Read more