Green Finance News Round Up: 30th September – 4th October 2019

By Richard Howard

4th October 2019

Focus on UK green investment and finance news this week. First up new rules come into force for UK pension trustees to outline their approach to engagement with and voting in respect to companies in which they invest, as well as disclosing how they take account of ESG and climate factors.

Furthermore, London keeps its top spot as the best financial hub for green finance – despite not having yet issued a sovereign green bond – and there was also a good smattering of news from UK investment trusts.

UK Green Finance News

London retains green finance crown – Sebastian McCarthy – City AM

UK’s new ESG pension rules: four measures to ensure their success – Emmet McNamee – PRI

FTSE Russell scraps ‘non-renewable energy’ label after LSE pressure – FT

Gresham House plots £58 million raise to pursue energy storage pipelines – Liam Stoker – Solar Power Portal

Foresight to ‘optimise’ capital structure, pay down debt with new share placing – Liam Stoke – Solar Power Portal

Irish wealth fund backs Gore Street storage – ReNews

Foresight Group powers up with double wind farm purchase – Jonny Bairstow – Energy News Live

Square Mile unveils two initiatives to assess asset managers’ ESG and sustainability credentials – Beth Brearley – InvestmentWeek

Investment Analysis

ESG 2.0: How to Improve ESG Scoring to Better Reflect Renewable Energy Use and Investment – ACORE

Bit by Bit, Socially Conscious Investors Are Influencing 401(k)’s – Mark Miller – New York Times

From the farm to the restaurant, how people are investing in regenerative agriculture – Nancy Matsumoto – GreenBiz

Survey: Two-thirds of UK public want their investments aligned with the SDGs – edie

A Call by Investors on US Companies to Align Climate Lobbying with Paris Agreement – Barbara Grady – Havard Law School Forum

Climate change could make borrowing costlier for states and cities – Alex Brown – Phys.org

Some of world’s biggest asset managers ‘paying lip service’ to ESG – Anna Menin – City AM

‘We are now at a tipping point’: Investment giants to step up calls for corporates to set net zero goals – James Murray – BusinessGreen

Investment News

The ‘Greta Effect’: Surge in eco-awareness driving ‘most significant’ period of ESG inflows – Mike Sheen – Investment Week

Schumer Tells Financial Firms to Disclose More on Climate Risk – Ari Natter – Bloomberg

Climate Bonds Initiative, Credit Suisse launch ‘Sustainable Transition Bonds’ – The Asset

Germany and World Bank Partner to Stop Deforestation – Lauren Anderson – IISD

An alliance of major investors overseeing $2.4 trillion has committed to making portfolios entirely carbon-neutral by 2050 –  Carmen Reinicke – MSN

New rules force pension funds to consider environmental and social factors – Alex Daniel – City AM

Lyxor launches green bond ESG ETF – Tom Eckett – EFT Stream

Range of Tobam funds gains LuxFLAG ESG label – Jonathan Boyd – Investment Europe

Clean energy shares streak ahead of fossil fuel stocks – FT

Green Investment Group and BNEF team up for renewables and climate data boost – BusinessGreen

Major investors embark on green farming, cities, and clean energy financing drive – Michael Holder – BusinessGreen

TwentyFour AM plans sustainable absolute return credit fund – Beth Brearley – Investment Week

EU leaders risk trade tension with carbon border tax plan to shield industry – Susanna Twidale, Barbara Lewis – Reuters

Comment

Why A Data Revolution Is Giving Socially Responsible Investors an Edge – Matthew Heimer – Fortune

‘Blue finance’ hopes to put oceans on a sustainable path – Angélina Boulesteix – phys.org

Here’s why you might find stocks such as Microsoft in ESG-friendly funds – Lizzy Gurdus – CNBC

Recasting the risk/return ratio at the time of ESG – Raphael Hara – KSAPA

Money Is Pouring Into ESG Funds. It’s Good News for Microsoft Stock – Leslie P. Norton – Barron’s

Potential & Challenge Of ESG ETF Investing – Ben Lavine – EFT.com

6 Ways to Fire Up your ESG Policy – Simon Grover – Quietroom

Here’s how to put cash into socially conscious investments and still make money – Jill Cornfield – CNBC

That joke isn’t funny any more – ethical investment beats sin – Simon English – Evening Standard

Why emerging markets offer the best ESG growth opportunities – Ellie Duncan – Investment Week

“Environmental risks are very relevant for long term investors” – Aurore Barlier – L’Agefi

Money Is the Oxygen on Which the Fire of Global Warming Burns – Bill McKibben – New Yorker

‘Investing in a simple index fund is immoral’ — why climate-change investing has been more talk than action – Brett Arends – Market Watch

We need a democratized Green Investment Bank for a just transition – Ali Riza Güngen, Thomas Marois – Open Democracy

Making the investment case for regenerative agriculture – Gregory Heiliers – AFN

Bourse : critères ESG, habillage ou réalité ? – Emmanuel Schafroth – Les Echos

En matière de réforme ESG, le Japon a connu de nombreuses fausses illusions. – Andrea Astone – allnews

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