Green bonds, which are used to raise funds for environmental projects, are a fast-growing sector with strong investor interest. What do investors want from these bonds? What guarantees do they look for? Novethic’s research centre has carried out the first study of its kind, surveying a representative panel of investors with a combined €7.7 billion in green bonds to explore buyer sentiment towards this new market.
By signing the Montréal Carbon Pledge, investors commit to measure the carbon footprint of their investment portfolios and disclose this on an annual basis. The Pledge was launched on September 2014 at PRI in Person in Montréal, and it has attracted commitment from over 120 investors with over US$10 trillion in assets under management. In this study, conducted in partnership with the PRI, Novethic draw up a progress report on the climate disclosures of the signatories between the COP21 and the end of June 2016.
Article 173 of the Energy Transition Law is an innovative law. By adopting it, France becomes the first country to introduce disclosure requirements for asset owners on their management of climate-related risks, and, more broadly, on the integration of ESG parameters in their investment policies. This could transform the French responsible investment industry. Novethic offers an overview of this law and its implications. This paper constitutes a useful set of guidelines to help investors and observers understand this complicated new measure.
The COP 21 conference is the stage for UN climate negotiations among countries and has elicited unprecedented involvement by economic and financial players. For more than a year now, Novethic has been analysing and quantifying the move to incorporate the climate into financial management, and has prepared four quick guides to ending coal investments, green financing, carbon risk and climate commitments of the systemic banks and insurance companies.
Novethic has published the last updated of its exclusive study “Investors acting on climate change”. The last edition highlights and scans an exclusive panel of 960 investors worth € 30 trillion of assets who have made steps forward to tackle climate change. During the last 8 months, their number has almost increased twofold.
For this second update of the Novethic’c report on how investors are taking action on climate change, more than 800 entities were screened. As a key result, investor’s actions gain momentum: approaches are growing in number and becoming more expert, divestments are widespread in Europe, and green investments promises are more ambitious.
Novethic’s annual survey, carried out with the FIR, divides responsible investment strategies into three categories according to the impact of the ESG analysis of issuers on the composition of the portfolio. The “High-impact SRI” category, with highly significant impact, represents €54 million in AuM.
Novethic has published its 8th survey on responsible investment practices among European asset owners, with the support of Degroof Petercam in 13 countries. The results show that climate is a priority for 53% of the 181 institutions surveyed, together holding €7,367 billion in assets ; very few, however, have decided to exclude fossil fuels from their investments so far.
French unlisted real estate funds are progressively taking account of non-financial themes beyond the energy consumption and CO2 emissions of buildings. The Novethic research centre conducted a survey to map these practices. Thirty-two managers of French unlisted real estate funds with €89.8 billion of assets under management responded.