.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Bloomberg: Europe is set to become the world leader in green bond issuance and one of the side effects could be a stronger currency. [Full article available to Bloomberg subscribers.]
Funds Europe: Ethnic diversity in business has come into the spotlight again, as investment managers call on FTSE 100 companies to reveal the ethnic make-up of their boards.
Bloomberg: The European Union looks set to launch a foray into social bonds, a market that has already swelled four-fold this year to fund projects to help societies recover from the coronavirus. [Full article available to Bloomberg subscribers.]
Financial Times: The EU has agreed to delay implementing a key requirement of new rules designed to make it easier to judge how ‘green’ asset managers are, bowing to pressure from Europe’s €17tn investment industry. [Full article available to Financial Times subscribers.]
Expert Investor Europe: Substantial investor demand for environmental, social and governance (ESG) products could see asset management companies transform themselves into responsible investment firms.
City A.M.: One of Britain’s largest institutional investors, Legal & General, has warned FTSE 100 companies with all-white boards that it will vote against them if they do not hire a Black, Asian or minority ethnic (BAME) director by 2022.
Financial Post: Egypt pulled in orders for nearly five times the $750 million size of the Middle East and North Africa’s first sovereign green bond, as it pushes ahead with anti-pollution and renewable energy projects.
Funds Europe: More than a third of asset managers are not engaging with the issue of climate change, a report has claimed. Research conducted by the UK-based investment consultancy Redington found that more than a third (39%) of asset managers were, when asked, unable to provide an example of a climate change related engagement effort.
IPE: Some asset managers do not invest as responsibly as they claim, a number of Dutch pension funds have said.
Bloomberg: Électricité de France SA is selling 2.4 billion euros ($2.8 billion) of convertible bonds in a record green deal as it raises funds for renewable-energy projects and bolsters its balance sheet following the coronavirus pandemic.
