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Coronabonds webinar: Axa adopts 'flexible' approach as it invests heavily
25 June 2020Axa Investment Managers has tried not to be "too stringent" when assessing bonds issued in response to the coronavirus (Covid-19) pandemic, as its total investment in so-called 'coronabonds' approaches half a billion euros.
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Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
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Insurers' oil and gas activities to be next under spotlight
18 June 2020Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.
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Snam issues maiden €500m 'transition' bond after 'climate action' criticism
12 June 2020Italian energy infrastructure firm Snam has raised €500 million ($567 million) through its inaugural 'transition bond' to finance or refinance energy transition projects, just over a year after its 'climate action bond' attracted controversy.
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Sustainalytics launches transition bonds second-party opinion service
03 June 2020ESG data provider Sustainalytics has launched a transition bond second-party opinion service, the first of its kind in the rapidly evolving labeled bond market.
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Blue like an Orange raises $200m for Latin America impact fund
02 June 2020Blue like an Orange Sustainable Capital has raised $200 million at final close of its inaugural impact fund, which will target positive social impact in Latin America via private lending.
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APG and Axa buy big in €60bn Covid-19 bond market
22 May 2020APG Asset Management has invested €554 million ($604 million) in 'Covid-19 bonds' in recent weeks, a market it estimated could already be as large as €60 billion.
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Majority of Europe's largest companies still 'failing' in climate reporting
19 May 2020In 2019, more than three quarters of Europe's largest companies were not adequately reporting climate and environmental risks, according to the Climate Disclosure Standards Board (CDSB).
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ESG leaders more resilient during coronavirus downturn, says AXA IM
20 April 2020The shares and bonds of companies with higher environmental, social and governance (ESG) ratings have proved more resilient during the coronavirus market crash than their ESG laggard peers, according to research by Axa Investment Managers.
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Insurance, pandemics and climate change
10 April 2020Insurers have long been aware of the risks of a global pandemic, but have failed to act. They mustn't make the same mistake on climate change, Peter Bosshard writes