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Responsible Investor

Fixed income

Renewable energy covered bonds proposed to tap €2.5trn market

Renewable energy covered bonds proposed to tap €2.5trn market

Potential new channel for private sector low-carbon investment

Major institutional investors back IFC’s first US-targeted green bond

Major institutional investors back IFC’s first US-targeted green bond

New $500m US-targeted bond is well-received

Korea sovereign fund backs new EIB Climate Awareness Bonds

Korea sovereign fund backs new EIB Climate Awareness Bonds

Asian giant among new investors in climate bonds

Swiss pension fund backs new Rothschild quantitative responsible investment strategy

Swiss pension fund backs new Rothschild quantitative responsible investment strategy

Rothschild teams up with sustainability firm Conser Invest

Leading responsible investor says engaging with banking fixed income counterparties on ESG

Leading responsible investor says engaging with banking fixed income counterparties on ESG

Investment banks rated on social performance for risk.

France’s €12bn ERAFP tenders for €865m in SRI convertible bond and real estate mandates

France’s €12bn ERAFP tenders for €865m in SRI convertible bond and real estate mandates

Huge ESG tender will follow fund’s SRI charter.

UK’s €10bn responsible investment-focused pensions lifeboat in bond move

UK’s €10bn responsible investment-focused pensions lifeboat in bond move

Leading responsible investor seeking bond managers

RI Briefing, January 25: Royal Bank of Canada in social and environmental initiative

RI Briefing, January 25: Royal Bank of Canada in social and environmental initiative

RI’s regular review of responsible investing developments

Fixed income giant PIMCO backs ESG to increase long-term portfolio quality

Fixed income giant PIMCO backs ESG to increase long-term portfolio quality

$1.3trn fund firm explains rationale for signing up to UN PRI

Responsible Funds, January 13: the round-up of ESG funds news

Responsible Funds, January 13: the round-up of ESG funds news

RI’s regular look at responsible funds news

Mercer says global institutional investors starting to address climate risk

Mercer says global institutional investors starting to address climate risk

Consultant’s follow-up to groundbreaking 2011 climate change research

RI Briefing, December 7: Hedge fund giant signs up to UN Principles for Responsible Investment

RI Briefing, December 7: Hedge fund giant signs up to UN Principles for Responsible Investment

RI’s regular round-up of responsible investing news

UK charity launches £20m bond as regulator clarifies ethical investment guidance

UK charity launches £20m bond as regulator clarifies ethical investment guidance

Innovative bond programme developed with Investing for Good

SSGA says Europe’s green bond market could reach $1.4trn by 2020 as it launches strategy

SSGA says Europe’s green bond market could reach $1.4trn by 2020 as it launches strategy

Global CIO Rick Lacaille unveils new bond product at UNEPFI conference.

New €100m Dutch green bank could issue bonds

New €100m Dutch green bank could issue bonds

Investment proposal planned for next year

First green bonds standard weeks away, Californian State Treasurer joins board

First green bonds standard weeks away, Californian State Treasurer joins board

Certification will verify CO2 reduction of climate bonds.

French SRI assets grow by 35% in 2010

French SRI assets grow by 35% in 2010

Growth driven by SRI conversion of funds.

UN Principles for Responsible Investment to look at fixed income ESG integration

UN Principles for Responsible Investment to look at fixed income ESG integration

New bonds “work stream” being formed

Catalyzing the global green bond market

Catalyzing the global green bond market

Investing in green bonds can push the kind of environmental and financial logic underpinning the retrofit of the Empire State Building.

RI interview: Kevin Parker, Global Head, Deutsche AM: Declaring victory on green investing

RI interview: Kevin Parker, Global Head, Deutsche AM: Declaring victory on green investing

Investors are starting to allocate assets to the green theme in a big way, says DeAM chief.

Credit ratings of US chemical firms could be hit by EPA emissions moves: WRI/S&P/APG report

Credit ratings of US chemical firms could be hit by EPA emissions moves: WRI/S&P/APG report

Standard & Poor’s starts looking at carbon risk for corporate bond ratings.

Swiss pension fund issues bond mandate excluding arms, tobacco

Swiss pension fund issues bond mandate excluding arms, tobacco

CHF100m mandate also targets revenues from gambling, nuclear energy and genetically modified organisms

Denmark’s Lærernes Pension awards ESG bond mandate to giant US manager

Denmark’s Lærernes Pension awards ESG bond mandate to giant US manager

Teachers’ fund taps State Street Global Advisors

RI interview - James Gifford, UNPRI: fees, growth, public policy and global expansion

RI interview - James Gifford, UNPRI: fees, growth, public policy and global expansion

UNPRI executive director maps out its strategy in a crucial year.

The threat of water risk in the US municipal bond market

The threat of water risk in the US municipal bond market

Report says US utilities face moderate to severe water shortfalls in the coming years.

French dairy giant Danone experiments with sustainability-linked coupon for corporate bonds

French dairy giant Danone experiments with sustainability-linked coupon for corporate bonds

Project currently on hold because of KPI quality.

EBRD and Deutsche Bank team up to issue green bonds

EBRD and Deutsche Bank team up to issue green bonds

€18m issue aimed at Japanese investors

Fixed income giant PIMCO endorses UK Stewardship Code

Fixed income giant PIMCO endorses UK Stewardship Code

New code gets backing of $1.2trn investor

Former ABP research head wins Moskowitz Prize with paper showing bond costs of enviro concerns

Former ABP research head wins Moskowitz Prize with paper showing bond costs of enviro concerns

US companies exposed to environmental issues paid up to 64 basis points more for debt.

French mutual insurer hires three managers for first RI bond fund seeded with €175m

French mutual insurer hires three managers for first RI bond fund seeded with €175m

Fund has scope for engagement with bond issuers on ESG issues.

ESG factors make inroads in fixed-income portfolios

As bond assets grow so does the demand for ESG-related product.

T. Rowe Price signs up to UN Principles for Responsible Investment

T. Rowe Price signs up to UN Principles for Responsible Investment

Giant “mainstream” US asset manager in ESG move

Giant Norwegian govt fund tenders corporate credit mandate

Giant Norwegian govt fund tenders corporate credit mandate

One of world’s largest RI proponents searches for US credit manager.

UK green bonds proposal targets pension funds

UK green bonds proposal targets pension funds

Government commission sees major role for institutional investors in climate change financing

Asset management grandee slams funds industry, says giant asset owners should take back control

Asset management grandee slams funds industry, says giant asset owners should take back control

10-point manifesto says long-term economic growth and financial markets stability needs to be reasserted.

Innovative green bonds proposal seeks to mobilise pension funds

Innovative green bonds proposal seeks to mobilise pension funds

Emissions trading body floats hybrid green bonds idea

European Investment Bank issues latest green bonds

European Investment Bank issues latest green bonds

Issue aimed at Japanese investors

Giant Norway fund manager puts searchable holdings and voting data on website

Giant Norway fund manager puts searchable holdings and voting data on website

Norwegian fund takes a step foward in transparency

Shell UK pension fund among new UN PRI signatories

Shell UK pension fund among new UN PRI signatories

€12bn Shell scheme joins burgeoning UN PRI membership

France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets - tenders €5bn bond mandates

France’s €29bn FRR goes ‘carbon neutral’ with hydropower offsets - tenders €5bn bond mandates

French giants seeks to compensate for 700 tonnes of CO2 emitted per annum.

Sustainable corporate bonds withstand the financial storm

Sustainable corporate bonds withstand the financial storm

ESG factors can be a valuable addition to credit risk analysis.

Governments want more activism while the public shareholder base crumbles

Governments want more activism while the public shareholder base crumbles

Changing financial markets for the better will require protecting the DB base of active investors.

Drilling down into Asian corporate governance

Drilling down into Asian corporate governance

Why local culture, legal and business knowledge could be key.

Three simple steps to improve sell-side broker research

Three simple steps to improve sell-side broker research

Questions must be asked about the depth, transparency and efficacy of today’s broker research.

What’s the future for ESG broker research?

What’s the future for ESG broker research?

SRI team cuts and the merger of EAI and PRI demand clear future research incentives.

Fund managers failing in company research: Marathon Club report

Fund managers failing in company research: Marathon Club report

Trustees need to test manager research models, says report.

World Bank aims to structure joint climate change products with pension funds

World Bank aims to structure joint climate change products with pension funds

Bank examines asset allocation with pension funds to find appropriate products.

SRI in the Rockies: US investor concerns on fiduciary duty

SRI in the Rockies: US investor concerns on fiduciary duty

SRI investors say Department of Labour letters could toughen ability to include ESG criteria.

France’s FRR: blue skies thinking on engagement and ESG manager selection

France’s FRR: blue skies thinking on engagement and ESG manager selection

Reserve fund breaks the mould with planned corporate engagements and forthcoming ESG advisory hire.

The importance of responsible investment: Views from the New Zealand Superannuation Fund

The importance of responsible investment: Views from the New Zealand Superannuation Fund

How New Zealand runs its NZ$13.5 bn (€6.8bn) national pension fund to protect the country’s reputation.

Mainstreaming RI: The Enhanced Analytics Initiative needs you!

Mainstreaming RI: The Enhanced Analytics Initiative needs you!

Why the biggest challenge now is to get relevant extra-financial analysis direct to mainstream analysts.

Nest - Swiss RI pension performance in action

Nest - Swiss RI pension performance in action

After 25 years of solid returns, fund plans to increase risk and looks to private equity and hedge funds.

Environment Agency plans sequel to £1.5bn SRI success

Environment Agency plans sequel to £1.5bn SRI success

Fund investment committee to consider sweating the assets to take advantage of strong performance at lower risk.

Responsible pensions in BP pipeline

Responsible pensions in BP pipeline

Sally Bridgeland, CEO of BT pension trustees explains how the oil and gas company is exploring SRI within the scheme.

The lobby group fighting to make pensions fair

The lobby group fighting to make pensions fair

Alex van der Velden, executive director of FairPensions talks disinvestment, defined contribution, and benchmarking pension funds and asset managers for sustainability.

Why are corporate pension funds hiding from SRI?

Why are corporate pension funds hiding from SRI?

Corporate social responsibility is everywhere, but companies are failing to spot the potential for their pension funds.

RI global news round up

The RI news you may have missed this week.

RI mandate watch

Live and recently finished responsible investment mandate hires.

ABP’s total responsible investment strategy

Rob Lake, senior portfolio manager for environmental, social and governance at ABP, the €221bn ($311bn) pension fund for Dutch civil servants, talks clean tech, engagement and cluster bombs.

Why being responsible does not mean underperforming in SE Asia

Why being responsible does not mean underperforming in SE Asia

Investment opportunities are ripe, but it pays to know the CSR terrain.

Can enhanced analysis deliver social and environmental benefits?

Can enhanced analysis deliver social and environmental benefits?

Insight’s Rory Sullivan studies the SRI quest for the ‘Holy Grail’.

NYCERS: walkin’ the activist walk

NYCERS: walkin’ the activist walk

Michael Musuraca explains how the New York City Employees fund got active.

Good credit after bad

Good credit after bad

The subprime crisis shows the value of extra financial research.

USS shows enterprise in engagement

USS shows enterprise in engagement

David Russell, co-head of Responsible Investment at the Universities Superannuation Scheme (USS), the £31bn (€46bn) second largest UK pension fund, explains how its SRI strategy is not just about risk but also reward.

Can ‘Made in China’ be responsible?

Can ‘Made in China’ be responsible?

Theme of the month: Why investors must help clean up South East Asia’s companies.

Hermes fund chief Anson quits

Hermes fund chief Anson quits

Former CalPERS CIO returns to the US after 18 months at UK activist manager

Italy’s Laborfonds expects RI mandate surge

Italy’s Laborfonds expects RI mandate surge

Ethical investment options are proving attractive for Italian employees

HSBC hires Henderson SRI head for global eco research hub

HSBC hires Henderson SRI head for global eco research hub

Bangalore-based research team will gauge climate change risks and opportunities

The RI interview: Bob Monks

The RI interview: Bob Monks

One of the world’s most prominent corporate governance activists since the 1970s, Bob Monks talks about engagement, hedge fund activists, private equity and why ‘discouraged’ is not part of his vocabulary.