- COVID-19: Essential market insight and resources
COVID-19: Essential market insight and resources
Navigate rapid market shifts with our expert data-driven insights and news.
As the COVID-19 pandemic continues to spread globally we are here to help you navigate extraordinary market challenges with our breadth and depth of expert data.
We are ever-ready to help you – our customers, partners, governments and media – understand the impact the pandemic is having on societies and economies. We have invested strongly in our business continuity and resilience measures and have ensured customers have complete remote access to our web-based products – to track, trade, advise and monitor markets at this pivotal moment.
Leverage Refinitiv's trusted data, market-leading insights and technology to navigate the rapid market shifts as you look for ways ahead - and count on our products to make sense of the unfolding financial crisis. Feel confident in the decisions you make with Refinitiv at your side.
How we can help
Track the global impact of Coronavirus with Eikon
To help navigate the markets with trusted and real-time data and insight on COVID-19, we have enhanced our products and curated insights.
Our new Macro Vitals app provides a comprehensive set of data, news, charts and insight recording the economic impact of the coronavirus pandemic. Understand global government and central bank response to the crisis by delving into an unparalleled data repository. Type in 'MACROV' in Eikon to access this app.
Access Eikon through a web browser for optimal connection to our industry leading market data, news and content. This access point is lighter on memory capacity and hence, more adaptable for laptops or personal computers. Customers can access Eikon Web now with existing user credentials or contact us for complimentary access.
Not an Eikon user? Get in touch with us for complimentary access.
Watch the latest episode
The content and information (“Content”) in the video programs (“Video Programs”) is provided for informational purposes only and not investment advice. You should not construe any such Content, information or other material as legal, tax, investment, financial, or other professional advice nor does any such information constitute a comprehensive or complete statement of the matters discussed. None of the Content constitutes a solicitation, recommendation, endorsement, or offer by Refinitiv or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction. All Content is information of a general nature, is illustrative only and does not address the circumstances of any particular individual or entity. Refinitiv is not a fiduciary by virtue of any person’s use of or access to the Video Programs or Content. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content in the Video Programs before making any decisions based on such information or other Content. In exchange for accessing and viewing the Video Programs and Content, you agree not to hold Refinitiv, its affiliates or any third party service provider liable for any possible claim for damages arising from any decision you make based on information or other Content made available to you through the Video Programs.
The Content and information in the Video Programs has been obtained from sources believed to be reliable, but Refinitiv makes no representation or warranty as to the accuracy, timeliness or completeness of the Content. Any opinion or recommendation expressed in the Video Programs is subject to change without notice. Refinitiv does not recommend, explicitly nor implicitly, nor suggest or recommend any investment strategy. Refinitiv disclaims all liability for any loss that may arise (whether direct, indirect, consequential, incidental, punitive or otherwise) from any use of the information in Video Programs. Refinitiv does not have regard to any individual’s, group of individuals’ or entity’s specific investment objectives, financial situation or circumstances. Refinitiv does not express any opinion on the future value of any security, currency or other investment instrument. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in the Video Programs and should note that investment values may fall, you may receive back less than originally invested and past performance is not necessarily reflective of future performance
[00:00:07] Welcome to the Corona Correction Series in association with Refinitiv, I'm your host, Roger Hirst. There were a number of investment themes that were gaining momentum prior to the Corona Crisis. One such theme was ESG, environment, social and governance investing. Over the last few months, investors have by necessity taken emergency steps in order to preserve capital and deal with the emerging crisis. But what does that mean for adherence to some of these new principles? I asked Maria Dikeos, Head of Global Loans Contributions of Refinitiv, if any trends had emerged.
[00:00:37] In 2020, we've seen a dramatic drop off in sustainability linked lending as a result of the Covid- 19 pandemic. It's not surprising, given the severity and the speed with which Covid-19 spread across the globe as well as industries. One of the hardest hit industries has been the airline travel industry. In the last few months alone they have, airlines have tapped the market for over 13 billion dollars in in draw downs, as well as an additional 15 billion dollars in incremental liquidity. None of this came in combination with sustainability linked or ESG linked metrics. And while this is disappointing, again, it's not terribly surprising given the severity and the speed with which the Covid-19 pandemic hit airlines in particular and travel more broadly. Nevertheless, environmental groups, shareholders and the public at large are taking note. And there's growing pressure to align financing and environmental goals, especially if there are state supported financing of corporations. We saw this with a 10 billion euro rescue financing secured by Air France KLM in April. France's finance minister publicly stated that the state backed guarantee was not a blank check, that there were requirements that Air France needed to meet, both in terms of profitability as well as sustainability practices. He specifically said that it was Air France's responsibility to become one of the most environmentally friendly companies on the planet. We have also seen sort of a similar effort as Lufthansa negotiates a nine billion euro or nine point nine billion dollar rescue financing. The Lufthansa financing had no commitments to safeguard the climate attached to its provisions, although Lufthansa does have an established corporate sustainability linked program and does publish annual reports on their sustainability initiatives and planning annually, and has done so for many years. There is an expectation that Lufthansa will work to replace old jets with more bio fuel efficient models. It is also the hope that biofuels will be the option of choice on on most flight flights wherever possible. But the key was that Lufthansa was not asked, nor did it volunteer to scrap some of its less profitable carbon heavy domestic flights in favor of other more environmentally friendly travel options. And that's been noted and slightly criticized in the market. Even though ESG lending is not moving as quickly as we would like in during the course of the 2020 financial year, there is a growing and greater sense of urgency and increasingly more creative thinking about best lending practices. And how are issuers, borrowers going to be held more accountable not only for paying back loans, but also operating in a more sustainable and globally supportive manner?
[00:04:51] It's clear that under the pressures of recent market conditions, some of the requirements around themes such as ESG have had to take a backseat whilst corporates and investors focus on wealth preservation. Now those corporates and investors do remain committed, and these investment criteria will make a comeback once markets start to settle down. We'll see you later with another update.
Coronavirus - When Will Sustainable Investing Take Off Again?
Published on: June 1, 2020 • Duration: 5 minutes
Roger Hirst and Maria Dikeos, Refinitiv’s Head of Global Loans Contributions, talk about how certain investment themes, like ESG, were gaining momentum prior to the Corona Crisis. Now that investors are trying to preserve their capital, have we seen any trends emerge around these investment themes?
Curated COVID-19 insights
Providing service continuity
We have invested strongly in our business continuity and resilience measures. Our top priority is the health of our people and our customers. We have control measures in place including business critical only travel restrictions. Refinitiv has well-established remote working capabilities which enable our employees to do their work and support our customers from anywhere in the world.
We continue to adhere to the highest possible standards issued by health experts at the World Health Organization (WHO), Centers for Disease Control (CDC) and Johns Hopkins Hospital, as well as governments and regulators across our 190 countries of operation.
Remote access information
We encourage customers to contact their IT department, where applicable, before downloading or accessing any of the following Refinitiv products in order to obtain approval or company guidance.
We're here for you
Have questions? We're here to help. Talk to a real person and get the answers that matter most.