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EU agrees ESG ratings regulation text, plans to consider extending it to ESG data
06 February 2024The EU has agreed the text for regulating providers of ESG ratings and said it will in future review whether to extend the regulation to cover providers of ESG data products.
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ESG fund launches in 2023 'down but not out', says Barclays
06 February 2024The number of environmental, social and governance (ESG) fund launches fell sharply in 2023, with passively managed funds bearing the brunt of the slowdown.
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Energy companies 'failing to shift away from fossil fuels', warns Sustainable Fitch
06 February 2024Energy companies have made "limited progress" towards hitting their net zero carbon targets, Sustainable Fitch has warned, with just one of 12 firms assessed awarded a 'green' rating.
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Nordic companies struggling to set 'credible' nature targets, Danske Bank says
06 February 2024The majority of large companies based in the Nordics are struggling to develop credible targets or policies to manage their impact, Danske Bank Asset Management (DBAM) has said.
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Rise of climate solutions is blurring lines between industries, AI analysis suggests
06 February 2024Companies are investing more in 'climate solutions' such as battery storage and energy efficiency, in a trend that is increasingly "blurring the lines" between industries and bringing into question whether financial analysts can rely on historical assumptions, according to analysis of disclosures.
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EU energy passport huge step forward in valuing real estate climate risk, says PGGM
06 February 2024The revision of EU buildings regulations to introduce a 'passport' showing energy performance data could be "a huge step forward" in helping investors and lenders to accurately include climate risk in valuation of assets, a leading investor has said.
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Green Guarantee Company launches to unlock debt for emerging markets
05 February 2024The Green Guarantee Company has been launched with the aim of mobilising $5 billion towards issuers and borrowers in emerging markets.
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CA-CIB leads 2023 sustainable loan coordinator deal-making
05 February 2024Crédit Agricole CIB (CA-CIB) served as sustainability coordinator on 60 sustainable loan deals in 2023, making the French bank the most active coordinator of the year.
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Brookfield raises $10bn for second energy transition fund
05 February 2024Brookfield Asset Management has held a first close for its second energy transition fund, raising $10 billion.
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Innovative Fijian coral reef insurance policy inked
05 February 2024An innovative insurance policy that will help make a range of Fijian coral reefs more resilient to cyclone and storm damage has been signed.