Monday, August 15, 2022
Green Reporter
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation
No Result
View All Result
Green Reporter
No Result
View All Result
Home Investment

Sovereign asset managers raise ESG focus in wake of COVID-19 – Invesco

GrR by GrR
July 12, 2021
in Investment
0
58
SHARES
251
VIEWS
Share on FacebookShare on Twitter


LONDON, July 12 (Reuters) – Around a third of central banks and sovereign wealth funds have raised their focus on environmental, social and governance issues over the past year as the COVID-19 pandemic highlighted issues ranging from carbon emissions to inequality, an Invesco survey found.

A total of 63% of central banks responding to the survey felt tackling climate change fell within their mandate, with nearly half believing that mitigating the consequences of climate change should be a monetary policy objective.

In the latest step by a major central bank to curb carbon emissions, the European Central Bank said last week it will take greater account of climate change in its core policy decisions. read more

More than half of central banks and sovereign funds responding to the Invesco Global Sovereign Asset Management Study said they had specific ESG policies, up from 44% in 2019’s survey.

The asset manager surveyed 141 chief investment officers at a mix of sovereign wealth funds and central banks, managing around $19 trillion in assets in total on topics ranging from ESG to China and liquidity.

The pandemic had accelerated underlying ESG-related issues as disruptions to economic activity lowered carbon emissions, while the health crisis and rise in unemployment shone a light on inequality.

“The pandemic has definitely accelerated the ESG focus,” said Rod Ringrow, Invesco’s head of official institutions.

“What we’re seeing is a greater social conscience and the need to incorporate it now as a matter of course and the pandemic may have been the catalyst to this ‘build back better’ approach.”

More central banks are also keen to consider the climate when investing, with 64% of respondents agreeing that green bonds were a desirable foreign reserve investment.

The People’s Bank of China has said it increased the share of green bonds in its foreign exchange reserve investments while controlling investments in high-pollution assets.

Sovereign funds too are pushing on in scouting out sustainable investment opportunities.

The survey showed 52% of sovereign fund respondents said improving returns was their current motivation for adopting ESG policy, marginally more than the number who cited reducing risk as the biggest driver.

And 57% of sovereign funds responding said the market had not fully priced in the long-term implications of climate change, offering opportunities for higher returns.

Reporting by Tom Arnold; Editing by Hugh Lawson

Our Standards: The Thomson Reuters Trust Principles.



Source link

Previous Post

Traditional leaders join in on fight against climate change

Next Post

Global climate change laggards identified by MSCI emissions tracker

GrR

GrR

Green Reporter is a global source for news of sustainability, green industry, green technology, clear energy, sustainable food production, and green investments. Our aim is to deliver the best news and information to you.

Next Post

Global climate change laggards identified by MSCI emissions tracker

  • Trending
  • Comments
  • Latest

Climate change in our backyard: Manitoba begins to grapple with the consequences – Winnipeg

August 10, 2021

Repsol starts marketing debut sustainability-linked bond sale

June 29, 2021

Sustainability Ambitions Soaring at KCI

December 6, 2021

Chris Pratt explains where the White Spikes originated

July 3, 2021
Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Stop burning our rights! What governments and corporations must do to protect humanity from the climate crisis – World

Biden said to mull dropping corporate tax hike to fund jobs plan

Biden said to mull dropping corporate tax hike to fund jobs plan

Global investors pressure Asian utilities to cut emissions

Global investors pressure Asian utilities to cut emissions

Global inequity could derail path to net zero

Global inequity could derail path to net zero

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Immune system insights and Thai climate calculator: News from the College | Imperial News

August 12, 2022

Recent News

What’s With A24’s Religious Obsession?

August 12, 2022

Governor Hochul Announces Completion of $16 Million Affordable Housing Development in Monroe County

August 12, 2022

EU ban on Russian coal enters into force

August 12, 2022

Browse by Category

  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

Follow Us

  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise

© 2021 Copyright Green Reporter

No Result
View All Result
  • Home
  • Biodiversity
  • Climate Change
  • Energy
  • Filmmaking
  • Food
  • Investment
  • Management
  • Sustainability
  • Technology
  • Transportation

© 2021 Copyright Green Reporter