Bloomberg Briefs l Sustainable Finance
June 2, 2016
This week's Bloomberg Brief highlights global carbon pricing talks and green investing advisers facing hurdles incorporating responsible investing into their offerings.
by Bill Baue, June 2, 2016
The Spring 2016 proxy votes supporting the 2°C stress test resolutions at last week’s Annual General Meetings of ExxonMobil (38.2%) and Chevron (41%) give cause for both celebration - and concern. These votes suggest that key asset managers are recognizing (and others seem to be willfully ignoring) climate risk inherent in the business-as-usual practices of the largest U.S. oil and gas corporations and their downstream value chains.
Sustainable Finance: News, Analysis, Commentary l Bloomberg Brief
May 26, 2016
GREEN BONDS: Investors expect more automakers to tap the green bond market. Led by the financial arms of Toyota Motor Corp. and Hyundai Motor Co., companies have raised $2.5 billion so far in 2016 from green bonds to finance electric and hybrid vehicles.
OIL: Climate change proposals didn't get majority support from shareholders at Exxon Mobil Corp. and Chevron Corp. annual meetings on Wednesday. But two proposals got closer than ever to crossing the finish.
Q&A: Wealth advisers should consider social implications of investments, David Lynch, president and deputy chief investment officer at $5.9 billion asset manager Athena Capital Advisors says.
ALSO INSIDE: San Francisco issues a green bond for water infrastructure; Gender diversity yields higher stock market returns and less volatility according to a Morgan Stanley analysis; Clean energy jobs surpassed oil drilling jobs in the U.S. for the first time; Norway's sovereign wealth fund faces wider coal ban; Countries with lower credit ratings are seen more vulnerable to climate change.
Oil Giants In A Changing Climate l On Point with Tom Ashbrook
May 25, 2016
- How will the oil giants do business in the climate change future? Shareholders at Exxon, Chevron and more want to hear their plans. So do we.
CPPIB head of sustainable investing named to climate task force l Benefits Canada
Staff, May 24, 2016
- Canada's Financial Stability Board has named an additional nine members, including the Canada Pension Plan Investment Board’s head of sustainable investing Stephanie Leaist, to its task force on climate-related financial disclosures.
Investors & Scientists Join Forces On Explaining Climate Risk l Clean Technica
- Norway’s foremost institute for interdisciplinary climate research has launched a new initiative pairing scientists with leading investors to better explain climate risk.
The Center for International Climate and Environmental Research – Oslo (CICERO) has launched the Climate Finance Initiative, “a meeting place for climate scientists and leading global investors to improve the understanding of climate risk.” Together, the Initiative hopes to “develop tools to incorporate climate risk in long-term investments, tailored to investors’ needs and inspired by the latest climate science.”
MIT JOINS CARBON PRICING LEADERSHIP COALITION l Carbon Pricing Leadership