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Insurance supervisors support climate risk disclosure guidance
25 July 2017Insurance supervisors and regulators in 16 jurisdictions have welcomed guidance on climate change risk disclosure developed by the Task Force on Climate-related Financial Disclosures (TCFD).
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Morningstar takes minority stake in Sustainalytics
25 July 2017Investment research firm Morningstar has strengthened its links with Sustainalytics by taking a 40% ownership stake in the company. Financial details were not disclosed.
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University issues Australia's first sustainability bond
25 July 2017Australian Catholic University (ACU) has issued a AUD200 million ($159 million) sustainability bond which is claimed to be the first to be issued globally in alignment with June's Sustainability Bond Guidelines.
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Europe's sustainable property funds have great potential, says Catella
24 July 2017Real estate funds with a sustainability focus currently hold only €2.73 billion ($3.18 billion) of the €11 trillion allocated to sustainable investments in Europe, but have "considerable untapped potential", according to Swedish asset manager Catella.
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RobecoSAM urges investors to review electric utility sector
24 July 2017Electric utilities "are no longer the safe, defensive investment instruments of yesteryear," RobecoSAM has warned investors.
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EcoAct snaps up Carbon Clear
19 July 2017EcoAct, a Paris-based climate change advisory firm, has acquired Carbon Clear of the UK for an undisclosed sum.
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PRI launches guidelines for ESG in private equity documentation
19 July 2017Guidelines for the incorporation of environmental, social and governance (ESG) provisions in the terms of private equity funds has been released by the Principles for Responsible Investment (PRI).
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'Bring it on': California commissioner bullish on fossil fuel divestment
17 July 2017Commissioner Dave Jones was threatened with legal action from 12 Republican attorney generals who oppose his fossil fuel investments disclosure initiative. The threats appear to have spurred Jones on, however. Callum Tanner reports
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EDF eyes impact bond for Louisiana wetlands project
17 July 2017Environmental Defense Fund (EDF), a US advocacy group, is working on the design of an 'environmental impact bond' (EIB) to finance a coastal wetlands restoration project in Louisiana.
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Experts call for reform of financial regulation to promote sustainability
14 July 2017Regulations governing banks, insurers and asset managers should be reformed "to facilitate green and sustainable investment", according to a group of experts appointed by the European Commission.