Browsing tag

sustainable investment

As Sustainable Investing Takes Off, China’s Poor ESG Ratings Are A Major Problem

3 Mins Read With more investors embracing a sustainable ESG-based strategy, a trend that has received a major boost amidst the coronavirus pandemic, China is losing its allure despite being an enormous and fast-growing emerging market. Ranking bottom on ESG ratings among all major economies in the world, experts warn that lagging behind when it comes to sustainability […]

HKEX Launches Green Exchange ‘STAGE’ To Support Sustainable Finance Push

3 Mins Read Hong Kong Exchanges and Clearing Limited (HKEX) has launched its new investment platform dedicated to sustainable finance amidst rising demand from Asian investors. Called the Sustainable and Green Exchange (STAGE), the new platform serves as an online product repository of ESG-focused products across multiple sectors as well as a resource hub for sustainable finance across […]

Global Firms Managing Assets Worth US$16 Trillion Agree To Scale-Up Sustainable Investment

3 Mins Read After a meeting with United Nations secretary-general António Guterres, an alliance of the world’s biggest firms have agreed to deliver strategies to scale-up sustainable investments. With countries around the world still reeling from the devastating economic fallout from the coronavirus pandemic, Guterres described action from the private sector “more important than ever” and urges businesses […]

Long-Term Stock Exchange Launches In U.S. To Push ESG-Forward Investing

3 Mins Read The Long-Term Stock Exchange (LTSE) recently started trading in the U.S. with the goal to turn capitalism around for the planet and people. Discouraging quarterly reporting and requiring all firms to consider all stakeholders, the LTSE offers companies and investors an alternative to traditional securities exchanges.  Launched on Wednesday (September 9), the LTSE’s debut comes […]

One Year Later: First Vegan ETF Proves Climate Investing Is Profitable

3 Mins Read One year ago, Beyond Investing launched the world’s first cruelty-free and climate-forward exchange-traded fund (ETF), the US Vegan Climate ETF, on the New York Stock Exchange under the ticker VEGN. Now, one year later, VEGN stands strong and has proven that climate-conscious investing isn’t just ethical, but it’s profitable too.  Since its inception, VEGN has […]

90% Global Public Investors Have ESG Investment Policies, New Survey Finds

3 Mins Read Over 90% of global public investors now have specific environmental, social and governance (ESG) investment policies in place or are in the process of implementing them, reveals a new survey from independent think tank OMFIF and American financial services firm BNY Mellon. The research also found that investors have been especially motivated to adopt ESG […]

BNP Paribas Launches Australia’s First Climate-Linked Bond

2 Mins Read BNP Paribas has announced the successful issuance of equity-linked green bonds totalling A$140 million (US$99.6 million) marking the first to be linked to the Australian Climate Transition (ACT) Index. The ACT Index is based on several climate scenarios and will continually be adjusted to reflect the future technological, social, regulatory and environmental changes.  The series […]

Google Parent Alphabet Issues US$5.75B In Sustainability Bonds

2 Mins Read Google’s parent company Alphabet Inc. has just issued US$5.75 billion in sustainability bonds, in what it claims is the biggest green bond issued by any firm to date. The proceeds will support investments in both environmental and social initiatives and will not be allocated to any of Google’s activities.  As a part of a US$10 […]

Law Student Sues Australian Government For Misleading Investors Over Climate Risk

3 Mins Read A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta O’Donnell says she hopes that the case, which is a world’s-first, will change the way the government recognises and responds […]

BlackRock Punishes 53 Companies Over Carbon Emissions, 191 On Watchlist

2 Mins Read BlackRock, the world’s largest asset manager, has just revealed that it has punished 53 companies in its portfolio over climate inaction. The move is a part of the firm’s ramping up of its climate engagement with businesses after it joined the Climate Action 100+ pact earlier this year. Among the companies that BlackRock has taken […]

Sustainable Investments Are Outperforming Traditional Funds According To Latest Data

3 Mins Read New data comparing sustainable investments with traditional funds shows that environmentally-friendly focused investments bring greater returns. The evidence comes amid strengthened interest in sustainable investments prompted by the dual threat of coronavirus and climate crisis in what appears to be tidal change for the financial industry.  Statistics obtained by global research firm Morningstar shows that […]

Asia First: HKEX Announces New Sustainable & Green Investment Platform

2 Mins Read Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to launch a new Sustainable and Green Exchange (STAGE), representing the first-of-its-kind in Asia. The new information platform will act as a central hub for data on green finance investments in Hong Kong’s securities markets, as well as seek to engage stakeholders in sustainable finance. […]

Green Finance: Link REIT Secures HK$1B Sustainability-Linked Loan

3 Mins Read Link Asset Management, the manager of Link REIT, has just secured a five-year sustainability-linked loan of HKD$1 billion (US$129 million) from Singapore-headquartered OCBC Bank. It marks the property company’s first sustainability-linked loan transaction in Hong Kong dollars, a show of strengthened commitment to green finance as the industry begins to heed to climate crisis warnings.  […]

ADB Ventures To Start Investing In Climate & Gender Impact Asia Startups

2 Mins Read ADB Ventures, a new venture platform to support and invest in startups offering tech-based impact solutions to contribute to the Sustainable Development Goals (SDGs), has just announced that it will start making investments. It follows the success of its first inaugural investment fund, which raised US$50 million, exceeding its target. As the world begins to […]

Climate-Forward Companies “Outperformed” During Pandemic According To HSBC

3 Mins Read Companies with a strong environmental focus have outperformed the broader stock market, said HSBC. The news comes during the ongoing coronavirus pandemic, which has caused a global economic fallout unseen since the Great Depression in the 1930s. In a recent research note, the bank detailed how environmental, social and governance (ESG) centric stocks are doing […]

Hong Kong Regulators Launch Sustainable Finance Steering Group

3 Mins Read Initiated by the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), the newly established Green and Sustainable Finance Cross-Agency Steering Group aims to coordinate between different sectors to push the city into the forefront of sustainable finance. The launch follows mounting scrutiny over the global finance industry over its climate-damaging practices […]

Covid-19 Pandemic Strengthening Asian Interest In Sustainable Investment

2 Mins Read Rich investors in Asia are displaying growing interest in sustainable investments as the coronavirus shifts mindsets towards concerns about public health and the environment, according to UBS. The Swiss multinational investment firm’s private banking unit in Asia recorded a doubling of assets in sustainable investments since the beginning of last year, with the majority coming […]