Geneva-based Jean Laville, deputy chief executive officer of Swiss Sustainable Finance, assesses that other Swiss popular initiatives could follow after next Sunday's one for a ban on financing war material manufacturers.
On Sunday 29 November, Swiss citizens will vote on a popular initiative seeking to introduce a local ban for the financing of war material manufacturers.
Many large institutionals are shareholders in European airports, whose finances are currently stretched to the limit.
Saudi Aramco is among the new entrants.
The three research grants worth $500,000 totally would go into studying the effects of increasing institutional ownership on companies.
Storebrand Asset Management and Danish pension funds PKA and PenSam will jointly commit up to NOK 45bn (€4.23bn) for a new climate and infrastructure fund, touted to be one of the largest in the Nordic region.
The Swiss financial sector remains unaligned on the Paris Agreement goals and fails in decarbonising itself according to the findings of the 2020 Paris Agreement Capital Transition Assessment.
