According to the Financial Times yesterday, Zurich Insurance has decided to invest up to $1 billion into green bonds that finance projects aimed at mitigating climate change and climate change adaptation.
Cecilia Reyes, chief investment officer at Zurich, which manages more than $200bn of total assets, said the company wanted "to improve liquidity in the $11bn green-bond market, stimulate interest from other investors and encourage new issuers". Good on them.