Europe’s Biggest Pension Fund Issues ESG Warning to Banks

This article was written by Frances Schwartzkopff and initially published in Bloomberg on January 23, 2023. One of Europe’s biggest investors is putting banks on notice and may start exiting the sector unless it sees proof that claims of portfolio decarbonization are matched by action. “The financial sector has really lagged,” said Dominique Dijkhuis, a member…

Read More

Empty ESG Pledges Ensure Bonds Benefit Companies, Not the Planet

This article was written by Priscila Azevedo Rocha, Akshat Rathi, and Todd Gillespie and originally published in Bloomberg on October 4, 2022. Fashion giant Chanel, known for its iconic perfume and tweed suits, keeps up to date with changing tastes. These days that means showing consumers—and investors—that it’s doing its part to combat climate change.…

Read More

The risk of not talking to clients about ESG is losing them, RI expert says

This article was originally published by The Globe and Mail on February 11, 2022. Sustainable investing has become one of the fastest-growing investment themes in recent years as more people are paying closer attention to companies’ environmental, social, governance (ESG) performance. Assets invested in sustainable mutual funds and exchange-traded funds (ETFs) roughly doubled to $34.5-billion…

Read More

New ESG obligations loom large for Canadian finance

This article was written by Jeffrey Jones and originally published in The Globe and Mail on January 5, 2022. BlackRock Inc told CEOs that their companies had concrete plans to thrive in a low-carbon economy lest they face a proxy vote against management or disinvestment. It was the year of discussion in sustainable finance in…

Read More

IEEFA: As fossil fuel prices skyrocket globally, renewables grow steadily cheaper

This article was written by Ana Maria Jaller-Makarewicz and published to the Institute for Energy Economics and Financial Analysis on September 27, 2021. While volatile energy commodity prices have been sharply increasing globally, renewable technologies have been steadily decreasing.  Over the last decade, the cost of electricity from utility-scale solar PV has fallen by 85…

Read More

How resiliency in risk management is the new top priority for banks

Written by Jan Bellens and Mark Watson this article was published by Ernst & Young Global Limited on June 22, 2021. As the COVID-19 pandemic starts to ease in some countries, banks are reflecting on the impact of a global health crisis on their institutions. The 11th annual EY/IIF global bank risk management survey shows that…

Read More