Boom of planet-friendly funds will impact companies' cost of capital: BlackRock

Downtown Los Angeles is seen behind an electricity pylon through the morning marine layer in Los Angeles, California, U.S., August 20, 2019. REUTERS/Lucy Nicholson

JOHANNESBURG - Huge flows of money into investment funds labeled environmentally friendly will make it more costly for some companies to access capital, BlackRock’s top mining sector investor said on Thursday. Environmental, social, and governance concerns have become a buzzword in the financial sector and investment products labeled ESG have multiplied, sucking up billions of dollars and putting pressure on sectors considered “dirty” such as oil and mining.

“The weight of money flowing into products in this area, whether they are active or passive, will shift the cost of capital for companies,” said Evy Hambro, who manages the BlackRock World Mining investment trust , addressing the Joburg Indaba mining conference from London. “It’s only recently that we’ve been asked by clients in almost every encounter with them what we’re doing on ESG,” Hambro said.

Is this tied to Libra some how?

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

IPO proceeds slowed 50% in the third quarter as investors lost their appetite for high-risk companiesHealthcare and technology companies accounted for more than 60% of initial public offerings during Q3, according to Renaissance Capital. Here's the simplest guide you'll ever read on how to buy stocks
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

Software stocks got whacked in September. Here's why RBC says they could tumble another 25% before bottoming out.The 21 software companies covered by RBC Capital Markets posted an average return of -5.9% during September.
Sumber: BusinessInsider - 🏆 729. / 51 Baca lebih lajut »

New Capital One Survey Shows How Companies Can Retain More Female TechnologistsFemale tech worker retention key path to competitiveness for companies in tight labor market
Sumber: ForbesWomen - 🏆 477. / 51 Baca lebih lajut »