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PCAF launches standard for global emissions
19 November 2020The Partnership for Carbon Accounting Financials (PCAF) has launched a methodology which intends to enable banks to measure and disclose the emissions associated with their financed activities.
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Banks under fire for funding that threatens biodiversity
28 October 2020The world's largest banks have been named and shamed for continuing to fund activities that threaten the biodiversity of the planet.
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APG invests $50m in 'racial equality' bond
08 October 2020Netherlands-based pensions asset manager APG has invested $50 million in Bank of America's $2 billion 'Equality Progress Sustainability Bond' that was issued last month.
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Net zero transition to cost $1-2tn a year, say energy companies
16 September 2020Achieving net-zero emissions worldwide by 2050 will cost $1-2 trillion a year, around 1.5% of global GDP, according to a report from coalition The Energy Transitions Commission (ETC).
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GISD calls for blended finance fund for increased UN SDGs funding
07 August 2020The UN-convened Global Investors for Sustainable Development (GISD) Alliance has developed more than 60 proposals calling for the UN Sustainable Development Goals (SDGs) to receive accelerated funding, including through data standardisation and a blended finance fund.
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Bank of America becomes third US lender to join carbon accounting initiative
30 July 2020Bank of America (BoA) has joined the Partnership for Carbon Accounting Financials (PCAF), the third major US lender to join the initiative in the past week, as pressure builds on financial institutions to tackle the emissions of their lending and investment portfolios.
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Rocky Mountain Institute launches climate finance centre with US banks
09 July 2020The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project
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AgriFunds urged to improve natural capital risk disclosure
07 July 2020Food and agriculture funds have been urged to improve reporting on nature-related risks, after a report showed major investors in the sector were materially exposed to the financial risks associated with natural capital threats.
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Sustainable debt market transformed by Covid-19 impact in H1
01 July 2020 -
Deutsche Bank sets 'ambitious' sustainability targets
15 May 2020Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.