Sustainable Finance

Sustainable finance brings together Socially Responsible Investment (SRI), solidarity finance, green finance and is often known as responsible investing. Sustainable finance is mainly focused on the fight against climate change through impact investments and green funds.

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Controversy mounts over Blackrock’s environmental and social advisory role for the European commission

The European Commission recently hired BlackRock, the world's largest asset manager, to help advise on environmental, social and governance standards concerning banks. This was a startling decision for the European NGO Finance Watch, which estimates that BlackRock is set to act as judge and jury in...

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Coronavirus : Rehumanize finance to reprogram high frequency trading

Since February 20th, global markets have dropped an average of 30% due to a massive plummet that was soon followed by a temporary upswing. The cause of these massive fluctuations is High Frequency Trading (HFT), a system controlled by pre-programmed algorithms which overreact to even the slightest...

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As Covid-19 brings the world to its knees, could this be the opportunity for a new beginning?

“To stop the virus, we must kill the economy”, stated one American finance expert, and it is the remedy being applied by an increasing number of countries. Stock markets are plummeting, companies are closing their doors, people are going into confinement and consumption – the economic motor of...

Taxonomy : Europe agrees on a “green list”… but hesistates on nuclear energy

The European Commission has been committed to directing financial flows towards activities that will allow Europe to achieve carbon neutrality by 2050. A group of experts recently submitted a list of key sectors for investment in order to achieve this goal. Nonetheless, nuclear energy—which emits...

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Investor payouts show oil majors live well beyond their means

The largest oil companies live well above their means, according to a study by the Institute for Energy Economics and Financial Analysis (IEEFA). Despite their steadily declining economic weight, oil majors continue to pay out generous dividends to shareholders every year, at amounts greatly...

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The European Commission begins work on non-financial reporting standards

Valdis Dombrovskis, vice-president of the European Commission, wants to create non-financial reporting standards for companies. He recently announced the launch of the Commission’s preparatory work on these standards. This project would complement Europe’s action plan on sustainable finance by...

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Australia is burning and the stock market are surging: does the climate not have a price?

The gap is widening between stock markets indices and the real world. This is striking in the case of Australia and France. In the first case, Australia is on the verge of going up in flames while the national stock exchange breaks records. In France, the longest social crisis in history has not...

Larry Fink, CEO of Blackrock, wants to move the world's largest asset manager towards sustainable investments

According to Larry Fink, global warming is one of the most significant crises of our time. In his annual letter to clients, the CEO of BlackRock announced that he wants to expand his share of sustainable investments and his desire to push companies towards a low-carbon model, even if it means voting...

Fiona Reynolds CEO des PRI

"I haven’t heard very much from the Australian investors in terms of talking about the fires", says Fiona Reynolds, CEO, PRI

The bush fires ravaging Australia are increasing citizen pressure on government and economic actors to accelerate the climate transition. Some steps could be taken, says Australian Fiona Reynolds, CEO of the Principles for Responsible Investment (PRI), but inaction from both the financial and...

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With disclosure regulations, European Sustainable Finance is taking shape

The European Commission published a substantial plan outlining European disclosure regulations; a key document for the development of sustainable finance. Laid out in a clear and pedagogical manner, the plan’s reporting disclosure should be the impetus for a new standard on impact and risk...

Banque européenne d'investissement @EIB

The European Investment Bank makes a historic decision to stop fossil fuel financing

This month, the European Investment Bank (EIB) announced that it will stop funding new projects related to fossil fuels, including gas, from 2022 onwards. This decision has been hailed for its contribution to the fight against climate change.

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The crisis in Ecuador demonstrates the risks of an unjust transition on the poorest populations

The Indigenous and most vulnerable segment of Ecuador’s population set the streets ablaze after a presidential decree ended subsidies that effectively doubled the price of fuel. The decision was a condition imposed by the IMF in exchange for a several billion-dollar loan.

Blackrock, Vanguard, JP Morgan : big investors declare climate engagement but rarely vote in its favor

The American organization Majority Action recently reviewed the voting trends of the world’s top 25 asset management firms’ shareholder resolutions, as they pertain to the climate. The result: major actors, such as BlackRock and Vanguard voted almost systematically against climate-related...

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Modern Slavery and Responsible Investment: One Woman’s Shocking Testimony Spurs Call to Action!

A strong message was sent to the 1,700 participants of PRI in Person, an international event that was organized in Paris from September 10th to 12th, 2019. The message was clear: to be a responsible investor also means to focus on the S in ESG criteria by making the fight against modern slavery a...

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Sustainable finance: MSCI acquires Carbon Delta, the rising star in climate risk assessment

The Environmental, Social and Governance (ESG) rating market is restructuring once again! The recent acquisition announcement by MSCI of the Swiss environmental fintech platform Carbon Delta confirms two major trends: the growing Americanization of the sector and the use of ESG data modeling by...

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Cement: the next challenge for responsible investors

The cement industry is the second most carbon-emitting industrial sector. A coalition of investors has put a spotlight on the industry, to urge companies to achieve carbon neutrality by 2050. CRH, LafargeHolcim, HeidelbergCement and Saint-Gobain have all been targeted in order to conclude what...

Blackrock advocates for direct intervention from central banks in times of crisis

A new economic crisis may be on the horizon, according to numerous economists. In order to avoid a global recession, the Blackrock Investment Institute, a major American think tank and global asset manager, has suggested an original plan: equip central banks with funds that allow them to directly...

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Ebola Outbreak: the World Bank fails to release funds to fight the epidemic

As the Ebola outbreak spreads through the Democratic Republic of Congo (DRC), questions have been raised concerning the World Bank’s ability to release the emergency funds raised on the bond market that were specifically created to prevent such pandemics.

Norway’s sovereign wealth fund backtracks on its decision to divest from oil

Two years ago, the Norwegian sovereign fund made an impressive move by announcing its divestment from hydrocarbons. This was a strong message for the sovereign fund as it has built its wealth on oil extracted from the North Sea. However, the final plan would only concern $5.7 billion of a $1.1...

Leaving carbon behind: Ursula von der Leyen wants to create a just energy transition fund for the EU

The next president of the European Commission is starting to shed some light onto her upcoming tenure this November. During a trip to Poland, Ursula von der Leyen said she wanted to create an investment fund to help transform coal-dependent countries. She also wants to launch a citizens conference...