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Exclusionary strategies could spark 7% drop in stock prices of 'brown' firms, BIS report says
02 October 2023The exclusion of high-emitting 'brown' firms by sustainability-minded investors could lead to a 7.1% drop in stock prices of these firms over 10 years, according to a modelling exercise by academics.
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Stress test US derivatives markets on climate, regulator recommends
30 August 2023The regulator of the US derivatives markets should stress test the resilience of financial institutions to potential physical impacts of climate change, according to a commissioner at the Commodity Futures Trading Commission (CFTC).
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Fitch: ISSB is 'catalyst for every Chinese firm' on sustainability reporting
24 July 2023The development of the International Sustainability Standards Board (ISSB) disclosure guidelines are a "very important signal" to Chinese firms to improve sustainability reporting if they want to secure greater access to international capital, according to Sustainable Fitch.
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US sustainable bond issuance growth stutters in 2023
23 June 2023US issuers are increasingly stepping back from sustainable bonds in 2023 as issuance falls further behind market-leader Europe.
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Sneak peek: The CBI's resilience taxonomy blueprint
11 May 2023The Climate Bonds Initiative's blueprint is intended to provide a practical tool for financial markets to intensify their focus on adaptation and resilience investments, writes Ahren Lester
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ESG-dilutive acquisitions becoming a 'deal-breaker'
05 May 2023M&A deals are no longer just about earnings per share, Trisha Taneja tells Ahren Lester
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Riksbank warns of financial stability risks from 2.8°C-aligned funds
20 April 2023The holdings in 122 listed equities mutual funds in Sweden are, on average, aligned with a temperature increase of 2.77°C, according to analysis by the country's central bank.
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NY Fed: US bank transition risk exposure 'meaningful, but manageable'
11 April 2023Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.
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Credit Suisse: Another headwind for 'green' AT1 bonds
21 March 2023The proposed wipe-out of additional tier 1 (AT1) bondholders as part of the Credit Suisse "merger" with UBS has sent prices of the limited 'green' AT1 issuances lower, providing a further headwind for the rare instrument.
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Combating inflation best way to support green investments, ECB says
20 March 2023The European Central Bank (ECB) has scotched a suggestion that it could introduce measures to insulate climate-themed investments from inflation, as it said ensuring price stability over the medium term is the best way to ensure inflation does not impair the energy transition.