GreenBiz: Wells Fargo pledges $200 billion for low-carbon economy projects (April 2018)

GreenBiz, Cassandra Sweet,

Wells Fargo will pay $1 billion in fines for violating federal rules and unfairly charging consumers inappropriate fees as part of its mortgage lending operation, according to a settlement the company reached with federal regulators.

Meanwhile, the San Francisco-based bank said Thursday that it plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030.More

BlackRock CEO tells companies to contribute to society. Here’s where to start (Forbes – January 2018)

BlackRock CEO Larry Fink lays out a number of requests for companies in a public letter.

He cites the pre-occupation with short-term, reactive measures to drive quarterly profits and asks CEOs to focus on “investments in employee development, innovation and capital expenditures that are necessary for longer-term growth.”

Fink explicitly raises the issue of purpose as the critical North Star to guide corporate decisions: “Without a sense of purpose, no company, either public or private, can achieve its full potential. It will ultimately lose the license to operate from key stakeholders”.More

RobecoSAM: The Sustainability Yearbook 2018 (January 2018)

SDGs are having a positive effect on corporate behavior.

Their increasing popularity is helping foster a culture of scrutiny, transparency, and accountability in business and government.

Knowing how firms deploy assets is important but it is also useful to know how they deploy influence to shape public policy through activities like advocacy campaigns, think-tank funding, and legislative consulting.More

BlackRock’s CEO Larry Frank: Companies must drive sustainable, long-term growth and make positive contributions to society (January 2018)

Sum up of CEO Larry Frank’s annual letter 2018:

“As we enter 2018, BlackRock is eager to participate in discussions about long-term value creation and work to build a better framework for serving all your stakeholders

Today, our clients – who are your company’s owners – are asking you to demonstrate the leadership and clarity that will drive not only their own investment returns, but also the prosperity and security of their fellow citizens.More

Nordea steps into the Green Bond market (June 2017)

On 26 June 2017, Nordea issued its first-ever Green Bond.

The issuance was very well received by investors, including new groups of sustainability investors, and on the back of solid demand, Nordea managed to issue the EUR 500m 5-year bond at a more attractive price compared to Nordea’s normal senior unsecured bond issuances.More

Nordic stock exchanges issue CSR reporting requirements for listed companies (March 2017)

​In March 2017, Nasdaq’s Nordic and Baltic Exchanges issued a framework to support their listed companies to meet ESG disclosure requirements. The guidance has a strong reference to GRI’s sustainability reporting framework, and it reflects the recommendations of the UN Sustainable Stock Exchanges Initiative (SSE), in which GRI is also an active contributor.