Weekly Impact Investment Market Update: September 22, 2017

Impact Investing & ESG

Credit Suisse Looks to Make an Impact with New Investment Wing

Credit Suisse has set up a new department to nurture socially conscious investing, the latest effort by a major bank to cater for growing demand for impact investing.

Barclays Launches Impact Investment Fund of Funds

Barclays has launched a fund of funds that invests in a global range of multi-asset ‘impact’ investment strategies.

Impax Acquires Pax to Create $14B Impact Investing Firm

Two impact investing leaders have combined to create a $13.9 billion investment management firm that will also have expanded research and client services capabilities.


United States & Europe

U.S. Governors at U.N. Assembly: ‘You Have Allies’ on Climate Change

The governor of California huddled on Sunday night with European, Brazilian and small-island leaders and pledged to work with them on climate change.

At Climate Week NYC, Business Leaders Charge Forward

From seminar rooms to soundstages to the crowded U.N. Plaza, one theme emerged from Climate Week NYC: Decarbonizing has become big business and will stay that way.

Theresa May Urges EU to Retain Trade Terms for Two Years after Brexit

PM Theresa May has said there should be a transition period of “about” two years after Brexit, during which trade should continue on current terms.


Developing Economies

Less Foreign Borrowing, Longer Bonds Offset Rise in Emerging Debt Levels

A large-scale shift towards domestically issued and longer-dated bonds in emerging markets has helped build resilience to external shocks despite the increase in overall debt levels.

Brazil Set for Largest Amazon Restoration Project Ever – Aiming to Recover 30,000 hectares by 2023

A major initiative has been announced that will seek to reclaim 30,000 hectares of degraded area within the Brazilian Amazon over the next six years.

Peru Loses Its Prime Minister. What Next?

The president has suffered a blow, but may recover from it.

Peru’s PM: New Cabinet to Revive Slumping Public Investments

Peru’s prime minister said on Monday that the country’s new Cabinet will focus on reviving public investments as it seeks to mend fences with the opposition party that forced President Pedro Pablo Kuczynski to form a new government.

Chile’s Electricity Should Be 100% Renewable by 2040, Says Conservative Presidential Candidate

The goal is that by 2040, Chile has a 100 percent clean and renewable electricity grid and a 100 percent electric public transit system.

Mexico Earthquake Kills Hundreds, Trapping Many under Rubble

A powerful earthquake struck Mexico on Tuesday, toppling buildings, killing children in a school that collapsed, rattling the capital and sending people flooding into the streets for the second time in just two weeks.

Emerging Markets – Emerging Stocks at 3-yr Highs as Tech Surge Lifts Asian Bourses

A surge in technology stocks helped lift Asian bourses to decade highs and emerging market shares to three-year highs on Monday.

South Africa Sees No Hurry for New Coal and Gas Projects

South African programs to add coal and gas power generation from independent providers should wait until policies are updated and the nation’s future needs are clearer.

How Colombia’s 2018 Elections are Going to Seriously Affect Governability

Almost all Colombia’s presidential candidates announced to run without the support of political parties, making it unclear how the incoming leader will govern the country. In total, 29 candidates have announced to be running without the support of a political party.

South Africa Economy Bruised but Not Broken Amid Political Turmoil and Downgrade

South Africa extricated itself from a ‘technical’ recession, despite being slapped with a credit downgrade.

Tanzania: State Injects 85bn/ – in Rural Communication, Benefits 3,000 Villages

Tanzania’s government has so far spent over 85 billion to provide rural dwellers in 3,000 villages with communication services.

Zambia to Resume Talks with IMF in October over Possible Aid Program

Zambia will resume talks with the International Monetary Fund on an aid program in October and hopes to get IMF board approval by the end of the year.

Presidents of Zambia, Uganda and Malawi Renew Efforts to End Child Marriage

President Edgar Lungu of Zambia, President Yoweri Museveni of Uganda and President Peter Mutharika of Malawi have pledged to support efforts in ending child marriage in Africa by 2030.

Kenyan Election May Be Delayed Over Results System, Nation Says

Kenya may have to delay a rerun of its presidential election scheduled for next month if the Supreme Court requires the country to host the results-transmission system.