The ESG Insider newsletter compiles news and insights on environmental, social and governance developments driving change in business and investment decisions. Subscribe to our ESG Insider newsletter, and listen to the latest ESG Insider podcast on SoundCloud, Spotify and iTunes.
Investor interest in "clean tech" appears to be driving returns in the energy industry.
This week we examine how the fortunes of renewable energy and fossil-fuel investors have diverged dramatically in the past year — check out our Chart of the Week to see how shares in wind and solar companies have outperformed oil and gas producing peers. We also cover a Danish brewer's move to create a beer bottle made of paper.
And today the Institute of International Finance kicks off its annual membership meeting. Sustainable finance is on the agenda this year as banks, asset managers, insurance companies, hedge funds, central banks and other finance leaders from around the globe gather in Washington, D.C. See our Events section at the end of the newsletter for more upcoming happenings in the ESG world.
Chart of the Week
Gulf widens between renewable and beaten-down E&P stocks
During the past 12 months, an equally weighted index of North American renewable power producers has risen by 35.3%, compared to a 53.6% drop in the S&P Oil & Gas Exploration and Production Select Industry Index.
'We are collateral damage': Gas industry grapples with political winds
LNG industry supporters at the Gulf Coast Energy Forum in New Orleans expressed concern about an array of policy challenges that could raise the stakes for a sector that has long grappled with environmental opposition to gas infrastructure projects.
Lenders must set clear ESG targets under new UN responsible banking framework
The United Nations Environment Programme Finance Initiative will require the 130 banks that have signed onto its sustainable banking framework to establish clear ESG targets and balance sheet assessments, steps that a representative of the initiative's Global Steering Committee says will prevent those institutions from green-washing.
IMF: $75 carbon tax by 2030 could help halt global warming by 2 degrees C
Moody's: Merchant coal plants face 'heightened refinancing risk' amid ESG wave
Carlsberg unveils paper beer bottle
Reforms key to financial inclusion growth spurt in ex-Soviet states
Facebook needs to stop spread of fake news, U.K. MP says
IFC: Brazil, Colombia, Mexico lead LatAm peers in promoting sustainable finance
Shell CEO says cross-collaboration is key to reaching climate goals
Ceres official says some oil, gas companies will need to mull exit strategy
Investors shift to renewables, but leave money on the table
IIF Annual Membership Meeting
Institute of International Finance
ESG Integration Summit
U.S. Sustainable Finance Policy Summit
PRI and UNEP FI
Annual Forum on Green Finance and Investment
The Organisation for Economic Co-operation and Development
U.S. and Global Economic Outlook: Trade, Technology and ESG
The SRI Conference & Community
Colorado Springs, Colo.
KBRA ESG Conference
Kroll Bond Rating Agency
RI New York 2019
Questions or suggestions? Contact S&P Global Market Intelligence's ESG News team at ESGNews@spglobal.com.