All Fixed income articles – Page 12
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PodcastResponsible investment news roundup - March 2017
Five-minute roundup of the latest responsible investment and ESG news. This month’s topics include Lloyds’ report on stranded assets, the new Fish Tracker Initiative, ACTIAM’s water-neutrality goal, NAB and gender equality bonds, and the Shareholders’ Rights Directive.
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WebinarESG analysis for energy and utilities credit analysts
The PRI, Societe Generale CIB and PIMCO discuss ESG analysis for energy and utilities credit analysts.
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WebinarClimate strategies for corporate bond investors
The PRI, BNP Paribas IP and The 2° Investing Initiative discuss climate strategy methodologies for corporate bond investors
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Blog post
How ESG investing affects financial performance
Integrating ESG factors is beneficial for investment decision making. Increasing numbers of asset owners and investors can agree on this, but there is a growing realisation that deeper analysis is required.
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PRI Web PageStatement on ESG in credit risk and ratings (available in different languages)
By signing the ESG in credit risk and ratings statement, credit rating agencies and fixed income investors commit to incorporating ESG into credit ratings and analysis in a systematic and transparent way. To date, the statement is supported by more than 180 investors (with over US$40trn in collective AUM) and ...
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PRI Web Page
负责任投资原则”（PRI）关于信用评级中的 ESG声明
我们签署，并认识到环境、社会和企业治理（ESG）因素会影响借款人的现金流量以及拖欠债务的可能性。因此ESG因素是评估借款人信用的重要因素。
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Technical guideFixed income investor guide
The Fixed income investor guide summarises the unique characteristics of fixed income with its various subcategories of issuers and instruments. It helps to explain why fixed income investors should take a bottom-up approach to RI while borrowing from the experiences of other asset classes, such as listed equities.
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Technical guide
Integrating ESG factors into issuer analysis
In fixed income, a key application for ESG information is to inform analysis of issuer creditworthiness. ESG issues, such as corruption or climate change, are potential risks to macro factors that may affect an issuer’s ability to repay its debt.
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Technical guideIntegrating ESG factors into sovereign issuer analysis
Based on discussions and presentations with the PRI fixed income sovereign working group, this report is a primer that provides an initial conceptual framework exploring ESG issues that might be material to sovereign bond risk assessments and pricing (2014).
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Technical guideIntegrating ESG factors into corporate issuer analysis
Analyses of governance factors such as remuneration and financial auditing are common among bond investors, but few systematically integrate a wide range of ESG factors into credit analysis.
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Technical guide
ESG screening in fixed income investing
Fixed income investors apply ESG filters or screens to their investment universe to control which issuers or securities are considered for investment. This is an effective way of ensuring their investments are aligned with their (client’s) ethical motivations and reduces reputational risks.
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Technical guideEngaging issuers on ESG issues
Debt and equity holders both stand to benefit financially from successful engagements, as ESG-related risks are mitigated and opportunities maximised.
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Technical guideThemed fixed income investing
Investment products such as green bonds are seen by many as a way of addressing ESG risks such as climate change and water scarcity.
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Technical guide
Embedding responsible investment into the fixed income investment process
There are a number of fundamental building blocks, regardless of asset class, that all investors should consider when setting their organisation up to implement responsible investment.
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Technical guideCorporate bonds: spotlight on ESG risks
In light of the 2008 financial crisis, which led to a loss of confidence in the underlying structure and operation of international financial markets, this publication is intended for corporate bondholders to explore ESG issues and determine whether they are material to creditworthiness and investment performance.
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Technical guideSovereign bonds: spotlight on ESG risks
Drawing on information disclosed through the PRI’s reporting data and interviews to its signatories this document represents one of the first attempts to show how ESG factors can be material to the creditworthiness and investment performance of sovereign bonds (2013).
