China ESG - Weekly news update May 2020 / 03

China's green bond market rebounds after COVID-19 rout; social bonds surge

We delve into the world of "labeled bonds" in this week's newsletter, looking at how the COVID-19 crisis has dented demand for green bonds in China, one of the world’s largest issuers of the debt that finances environmentally friendly projects. With a large part of the country in lockdown during the first quarter, the coronavirus had a significant impact on Chinese green bond volumes. Issuers also shifted their focus to pandemic bonds to fight the economic impact of the virus.

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MSCI Opens ESG Fund and Index Ratings to Public

MSCI has made public its fund ratings and index rating metrics as part of a broader initiative to promote environmental, social and governance transparency. Ratings of 36,000 multi-asset class usual funds and ETFs alongside comprehensive scoring and metrics for indices MSCI covers were made available to the public.

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BlackRock joins Allianz, Invesco saying ESG Outperformed

(Bloomberg) — BlackRock Inc. added its contribution to a growing body of research showing that ESG portfolios — those that consider environmental, social and governance issues alongside regular financial considerations — outperformed traditional market benchmarks in the recent market downturn.

The New York-based firm, which oversees about $6.5 trillion of assets, said in a research note Monday that 88% of sustainable indexes did better than their non-sustainable counterparts in the first four months of 2020. That comes after those same 32 indexes, which BlackRock says are widely used and represent the global market, notched superior performance to their traditional counterparts during declines in 2015-2016 and 2018.

source from Financial post

S&P Launches ESG Scores Based on 20 Years of Corporate Sustainability Data

S&P Global has announced the launch of its S&P Global environmental, social, and governance (ESG) Scores with coverage of more than 7,300 companies, representing 95% of global market capitalization. S&P Global ESG Scores are based on the globally recognized SAM Corporate Sustainability Assessment (CSA) – an annual evaluation of companies’ sustainability practices.

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