SUSTAINABLE FINANCE

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[INSIDE STORY] Could financial risks in oil and gas influence the way market indexes measure financial performance?

The Norwegian government must decide if its sovereign wealth fund will divest from the world’s major oil companies, a decision that could change the way stock market indexes measure financial performance. This announcement was a wakeup call for the finance world, which still measures its performance...

Laurence Tubiana: the One Planet Summit must fuse the Paris agreement with the real economy

“The One Planet Summit starts a new phase in the Paris Agreement”, insists Laurence Tubiana, president of the European Climate Foundation and French ambassador for climate negotiations during the COP 21 in 2015. This meeting is an occasion to fuse the agreement with the real economy, and integrate...

Financial hurdles strain COP23 climate negotiations in Bonn

Issues surrounding coal, and to a lesser extent small island states, were the focus of the COP 23 climate negotiations in Bonn (Germany). But hiding in the background, were concerns for the 100 billion dollars per year needed for climate change adaptation from now until 2020. Developed countries...

[Inside story] One Planet Summit: Global Call for Climate Action

With COP 23 in Bonn in full swing, under the Presidency of Fiji, which is currently threatened with submersion by rising sea levels, France hopes that people will turn their attention to Paris. To mark the anniversary of the Paris Agreement, France is organising a full-scale call to action to turn...

[Inside Story] Europe's sustainable finance wave

The European Commission's public hearing on the report prepared by the High-Level Expert Group on Sustainable Finance was an appeal to the financial industry about the urgent need to shift toward models that limit environmental and social harm and finance the transition toward low-carbon and...

Sustainable finance: A report sets out the missions of the European Commission's Expert Group

In an interim report published on 13 July 2017, the European Commission's High-Level Expert Group (HLEG) offers a vision of what sustainable finance might become. Final recommendations are expected to be issued by the end of the year, following consultations with banks, insurers, pension funds,...

Investors rally for the energy transition

Faced with the risks and opportunities associated with the energy transition, more and more investors are campaigning to demand a low-carbon economy. They call themselves ethical investors and they aim to influence both firms and regulators. They are part of a movement that received its initial...

Smoking can be very harmful for your investments

Aviva recently sold over one billion euros worth in bonds and shares in tobacco companies. It is the latest in a global trend started by France's Axa one year ago that received renewed momentum with World No Tobacco Day held on 31 May. A coalition of asset owners with investments totalling $3.8...

Finance for tomorrow: persuading the financial sector to bet on a sustainable future

On 13 June 2017, the Finance for Tomorrow initiative, of which Novethic is a partner, was unveiled at Paris Europlace. Its aim is to highlight the strength of the French financial ecosystem in the areas of responsible investment and green finance.

Europe seeks to align finance with 2°C warming goal

The European Commission's High-Level Expert Group on Sustainable Finance works actively on an initial set of recommendations, to be presented in an interim report in mid-July. A few days earlier, the Task Force on Climate-related Financial Disclosures, established by the Financial Stability Board,...

“We need to return to a model where finance is a tool for economic development,” says Rainier Brunet

Rainier Brunet is Treasurer of ENGIE Global Markets and Chairman of the Young Leaders of Finance club, which he launched on 16 May 2017. Bertrand Badré, founder and CEO of BlueOrange Capital, made an opening speech at the event. In his words, “finance is a good servant but a bad master”. This...

Under government pressure, Germany's financial industry takes first tentative steps in green finance

On 24 May 2017, Deutsche Börse, which operates the Frankfurt Stock Exchange, unveiled an initiative to promote green finance in Germany's financial markets. Presented as a voluntary commitment, it aims to support the German government's efforts to place green finance high on the agenda of the G20...

A european expert group tasked with building a sustainable financial system

The European Commission's High-Level Expert Group is tasked with issuing a series of recommendations by the end of 2017. The result should be a European financial framework that enables capital flows toward a sustainable economy that addresses social and environmental challenges. It is an extensive...

European green bonds attract investors

According to a study published on March 28th by the Novethic Research Centre with support of ADEME, environmentally themed funds are seeing strong momentum in Europe, with growth of 47% over three years. This represents €22 billion invested across 165 different funds. The most successful of these...