Edition for 17 March 2020

Top Stories

Partners Group raises US CLO with ESG requirements (Reuters)

  • US Collateralized Loan Obligation (CLO) managers are increasingly looking to issue funds with socially responsible principles that reflect their firm’s values as well as those of their investors, while still offering competitive returns.
  • Partners Group raised a US$409.5m US CLO last month with Morgan Stanley that includes several Environmental, Social and Governance (ESG) considerations, an area that is slowly gaining prominence in the US credit markets.
  • “We follow our own ESG guidelines in how we invest…and this language emphasizes the ESG standards we have put in place,” said Andrew Bellis, head of liquid loans at Partners Group, which includes the US and European CLO businesses.
  • A robust ESG platform can be attractive to many funds that have specific sustainable investment requirements.

Five of the World's Largest Banks Are Pouring Billions Into the Amazon's Destruction (Gizmodo)

  • As environmental activists have targeted financial institutions for their investment in climate-warming activities, those firms have also made commitments to clean up their act.
  • A new report from environmental and indigenous rights group Amazon Watch reveals that five of the world’s biggest banks are funding crude oil extraction in the western Amazon.
  • Extracting fossil fuels isn’t just a major direct contributor to the climate crisis.

YC grad SINAI helps companies understand their emissions in a bid to fight climate change (TechCrunch)

  • The first step to combating climate change for businesses is for them to understand their contributions to it.
  • Founded by Maria Fujihara, a 16-year veteran of the sustainability industry whose previous work had been around the technical adaptation of LEED certification tools, SINAI is the culmination of her years of working to adapt certification tools to international markets and five years spent researching carbon emissions profiles — most recently at Singularity University .
  • “For the past three years companies and governments have been calculating their carbon emissions and they know their carbon footprint and they know their carbon inventory and they’ve been using their carbon inventory to buy carbon credits.” The market is mature enough for more companies to get involved, she said.

How to deal with the climate emergency? Ask your neighbor. (Christian Science Monitor)

  • The world faces a climate emergency and voters are increasingly disenchanted with their democracies.
  • It worked for same-sex marriage and abortion; now the British and French governments are running “deliberative democracy” panels to suggest how their countries might confront the climate emergency.
  • These representative samples of citizens are discussing practical measures to tackle climate change.

12 cities with the worst tap water in the US (Business Insider)

  • Every year from 1982 to 2015, between 9 million and 45 million Americans got their drinking water from a source that violated the standards of the Environmental Protection Agency (EPA).
  • The alert went out after Pennsylvania&aposs environmental regulators discovered low levels of chlorine in the water system, which could potentially expose residents to a parasite called giardia that causes diarrhea, cramps, and nausea.
  • In 2018, environmental activists called upon Milwaukee's mayor, Tom Barrett, to resign over the crisis.

The Climate Sentinel is an AI-powered news assistant for ESG investors and those concerned about climate change, corporate social responsibility, and related topics. Learn more.

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