SUSTAINABLE FINANCE

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.

A green CAC40 index, for what?

It is now possible to invest in the largest, most transparent French listed companies on environmental criteria, or so is Goldman Sach’s promise with their new "green" financial product. The bank is relying on data from the Carbon Disclosure Project (CDP) to choose the 40 most advanced French...

"173 shades of reporting": will there soon be a European version of article 173?

On 25 October, Novethic published "173 Shades of Reporting: Edition 2", an in-depth analysis of the climate risk and integration of environmental, social and governance criteria (ESG) reporting conducted by the top 100 French institutional investors. The results from the first two editions show the...

Decathlon uses environmental disclosure as a dialog tool with its stakeholders

How can companies better diffuse CSR (Corporate Social Responsibility) internally and throughout its ecosystem? This is the question all committed companies are asking. Novethic has identified good, achievable, and proven practices that have been put in place by major economic leaders. The following...

Sustainable finance : three trends making finance more positive

Finance is not our enemy. On the contrary, it can even be used to develop a positive economy! This is the message that a changing sector wants to deliver. With a focus on three innovations created by startups discovered at the Change Now event, major financial institutions want to direct funding to...

écolabel européen pogonici

ESG integration : a question of financial profitability

The integration of ESG criteria in investment vehicles is becoming increasingly common for companies and investors worldwide, according to an East and Partners study commissioned by HSBC. For investors, ensuring the financial profitability of their portfolios is of the utmost importance.

TCFD: Companies increasingly transparent on climate-related disclosures

Thus far, 513 organisations have expressed their support for the 2017 recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). A positive start, the majority of these organisations already publish information on the subject. But there is still some work to do in order to...

Sustainable finance : Too many obstacles between engagement and action

Toronto and Wall Street have announced plans to launch initiatives geared toward the sustainable finance movement... and may even become leaders. But the movement is joined by some of the largest oil sand producers in the world, and motivation behind leading such a movement is driven by short-term...

European carbon market: with a rise in the price, the energy transition accelerates

A new Carbon Tracker study found that European Union (EU) carbon prices could average between €35-40 per tonne over the next five years. At this rate, the EU could save around 400 million tonnes in carbon emissions over the 2019-2023 period.

Financial management debates on ESG fail to consider the social factor

In San Francisco, the Global Climate Action Summit and PRI in Person are taking place concurrently. On this occasion, responsible investors assert that a fair ecological transition will not be achieved by responding to climate and environmental issues alone: social dimensions must also be taken into...

Global investors worth a combined $6 trillion are choosing to divest from fossil fuels

The Divest-Invest movement, calling for the exclusion of fossil fuels, continues its popularity seven years after its launch. 1,000 investors, holding a combined $6,240 trillion in assets, have publicly announced that they will no longer finance fossil fuels. All that remains is to transform this...

The largest sovereign fund in the world pledges to save the ocean from plastic pollution

Plastic pollution in the ocean is increasingly troubling...so much so that the Norwegian Sovereign Wealth Fund, the largest sovereign fund in the world, has just pledged to protect it. This is a noteworthy act, as the fund is present in more than 9000 companies worldwide.

Ecological transition: an opportunity worth $26 trillion and 65 million jobs by 2030

This is according to a report that the new French Minister of Ecological and Solidarity Transition, François de Rugy, will be examining closely. In any case, it could be very useful in convincing his colleagues of the importance in fighting against climate change. According to the Global Commission...

The World Bank turns to blockchain to improve efficiency and transparency

Blockchain is seen as an effective tool for financing projects in developing countries, according to the World Bank, which successfully tested its first blockchain-based bond. The multilateral bank has raised twice as she thought initially: about 80 millions USD.

Bitcoin: the Financial Stability Board prepares for cryptocurrency risks

Without being alarmist, the Financial Stability Board (FSB) is set to launch a cryptocurrency monitoring committee. Studying the volatility of these currencies, and the technologies that support them, will make it possible to better anticipate possible risks. President Emmanuel Macron has already...

Six sovereign funds want to commit for climate

On July the 6th, the President of the Republic Emmanuel Macron has gathered at the Elysee six behemoths of global finance: the sovereign wealth funds of Norway, New Zealand, Qatar, Saudi Arabia, Kuwait, and the United Arab Emirates. Together, they weigh 3 trillion dollars (about 2,600 billion...

What the #METOO movement means for company financial risk

The massive American pension fund, CalPERS, which manages $355 billion in assets, is asking management companies to disclose their ongoing and past harassment cases. The goal is to avoid financial and reputational risk, since from the start of the #MeToo movement, accusations of sexual harassment...

Two-thirds of G20 member states implement TCFD recommendations on sustainable finance

As the G7 turned a blind eye to climate, a study published by British researchers highlights the fact that two-thirds of G20 member states have already started implementing TCFD (Task Force on Climate Related-Financial Disclosures) recommendations on climate reporting. France stands out as leading...

Climate, oil and shareholder influence: the shell test

On 22 May, Shell’s General Assembly will be the centre of a standoff between shareholders who want to push the company towards a climate strategy compatible with the Paris Agreement and those who do not want to oppose the group’s leadership. The outcome of the vote for this climate resolution, which...

Climate change: a political and financial challenge for Europe

Good news : the climate is a priority for the European Union 2021-2027 budget framework, published on 2 May. Climate will represent a quarter of all programs, 5 % more than the previous period (€117 billion over 7 years). However, the framework does not detail any measures for eliminating fossil...

Donald Trump’s withdrawal from Iran nuclear deal boosts oil extraction

Already subject to supply and demand constraints, oil prices are heavily influenced by geopolitical tensions concerning the nuclear deal with Iran, which Donald Trump has threatened to leave. As a result, oil companies are seeing their profits soar as they pump their reserves to full capacity.