News

Green Funds remain marginal in Europe, while general interest continues to grow

The political push towards green finance in Europe has led to unprecedented momentum in 2017 in terms of green fund growth. Assets reached €32.2 billion, up 49% year-on-year, and two countries are taking the lead: France and Switzerland.

 

 

The central banks of France and England call for more regulation against climate change

According to the Banque de France Governor, François Villeroy de Galhau, it is time to penalise brown assets, which are harmful to the climate, rather than just favour the financial sector’s green initiatives. He has even offered carbon stress tests for banks. Bank of England Governor, Mark Carney,...

Danone issues a 300 million-euro pioneer social bond, a first for a multinational corporation

The agribusiness giant has issued a 300 million-euro positive social impact bond. This sum will be used to finance research on food, the emancipation of various populations or the improvement employee protection within the group. This is the first time that a private actor has carried out such an...

Rio tinto: the giant miner sells its last coal mine

The Anglo-Australian mining giant, Rio Tinto, has confirmed its withdrawal from the coal sector through an announcement made on March 27, citing a $2.25 billion-dollar agreement to hand over control of a coal mine in Australia.

Mcdonald's puts science on the menu of its greenhouse gas emissions reduction plan

McDonald's becomes the first restaurant corporation to have its targets for reducing greenhouse gas emissions approved by a scientific committee (Science Based Targets). By 2030, the group is committed to reducing its emissions across its entire supply chain by more than a third, based 2015 figures,...

[INSIDE STORY] Business confidentiality and slapp laws: legal obstacles to greater business transparency

The Bolloré group's trial against journalists and NGOs concerning damage to the reputation of its brand, raises some questions. Even if the Commercial Court has dismissed their case, the group has managed to avoid countless calls for greater transparency and vigilance concerning company activities...

Artificial Intelligence : Google employees denounce collaboration on Pentagon research project

Google employees are launching a rebellion. And it could hurt the Internet giant’s reputation. The brand's employees are denouncing an artificial intelligence research program conducted with the US military. They fear that this work will be used to improve the effectiveness of combat drones.

[INFOGRAPHIC] Planet Earth facing a man-made mass extinction

All signals are red. According to biodiversity experts, Earth is facing a "mass extinction" of its species, the first since the disappearance of dinosaurs 65 million years ago and the sixth in the last 500 million years. But more importantly, it is the first extinction caused by human activity, and...

High-level conference: a glorious day for sustainable finance

A packed hall in the heart of Brussels' European Quarter and prestigious speakers, such as Emmanuel Macron, Michael Bloomberg, Jean-Claude Juncker. On March 22nd, the High-Level Conference on sustainable finance was organized by the European Commission to launch its sustainable finance action plan....

The functional economy: from selling goods to selling solutions

At the end of March, the French government will present its roadmap for the circular economy. The goal is to break from the linear consumption model - extract, produce, consume, discard - and encourage businesses to develop a functional economy based on selling the use of a good rather than the...

Pacte law: expanding business goals beyond profit causes division between French employers

On 9 March, Michelin CEO, Jean Dominique Sénard, and head of Vigeo-Eiris, Nicole Notat, presented their report to the government. It is intended to contribute to the Pacte Law on the transformation of company corporate purpose. Among the areas studied: the modification of the French civil code so...

The French Ministry of Agriculture announces bioeconomy strategy

The Ministry of Agriculture recently announced a "plan of action" for the bioeconomy in order to promote rural energy generation and encourage the use of agricultural, forestry, marine and aquaculture resources in the production of "food, renewable energy and bio-based materials".

Company transformation: a guide to new social purpose business models

The French Pacte Law is currently being drafted to address the issue of company transformation. This legislation could lead to the creation of new legal statutes, such as Social Purpose Corporations. The subject has provoked intense debate, and it can be difficult to navigate the new terminology...

Oekom to join Institutional Shareholder Services (ISS) in unexpected acquistion

Oekom’s acquisition by Institutional Shareholder Services (ISS), the American proxy firm, has caused quite a shock in the small ESG (Environmental, Social and Governance) community. The German rating agency will now be able to manage increasingly fierce competition, but Europe will lose a rare...

Major French corporations link credit facilities to environmental and social performance

It's a small revolution that has been going on for a few months in the banking sector. A new tool is attempting to link credit facilities with environmental and social performance. Referred to as “impact credits”, these new tools already have a following in France. Danone has recently signed on,...

Guillaume Pitron: "energy transition is the most incredible greenwashing operation in history"

Guillaume Pitron recently released a shocking book on energy transition. A freelance journalist by trade, Pitron has been investigating the origin of wind turbine, solar panel and electric car battery metals in over a dozen countries for the past six years. In his new book, "The War of Rare...

The EU announces a European eco-label for citizens who want to invest in Green Finance

In the European Commission's Action Plan for Financing Sustainable Growth, published on 8 March, a European eco-label project has been emphasised in an effort to skew the personal investments of European citizens towards more climate-friendly financial products.

Green bond issuance to reach 200 billion-dollar record in 2018

According to estimates by Standard & Poor’s, the global green bond market should reach $200 billion this year. This is a 30% increase compared to 2017 — lower than the previous five years. But what is worth noting is the greater diversification of borrowers, which includes more private investors and...

[INSIDE STORY] What will it take to drive the "business as usual" scenario out of business ?

As January 2018 comes to an end, it is marked by strong messages that all carry the same meaning: current business models are at risk and must change course in order to become sustainable.

Towards sustainable finance : key recommendations from the European High-Level Expert group report

After one year of work, the 20 members of the High-Level Expert Group on Sustainable Finance (HLEG), set up by the European Commission at the end of 2016, published their recommendations in a 100-page report. These recommendations are aimed at not only developing green finance but also making...