Issue 157: Bond markets penalising decarbonisation; Pictet AM eyes adaptation, water investments

This week in ESG: MSCI analysis finds higher spreads for emissions-cutting firms; Pictet sees megatrends in climate change, power demand

Sustainable finance

The do-good penalty

If you run a bank, a restaurant, an IT firm or any other business that isn’t in an emission-intensive sector, here’s one way to lower your borrowing costs: Set a climate target, then forget about it.