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Set climate targets, power sector told by investors with $11trn in assets
20 December 2018Twelve of Europe’s highest-emitting power companies have been instructed to set out Paris-aligned transition plans by a group of investors with $11.5 trillion in assets under management (AUM), as they warn of the ‘potentially catastrophic’ effects of climate change.
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People Moves: BNP Paribas, Boralex, ICG
14 December 2018BNP Paribas Asset Management has hired Carbon Tracker Initiative head of research and managing director Mark Lewis.
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EU taxonomy hits political headwinds that could delay it until 2020
20 November 2018The EU’s proposed taxonomy on environmentally sustainable activities has been delayed by the European Parliament, and may not enter legislation until 2020, Environmental Finance has learned.
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Don't use ESG, it's so 1990s, says Hermes
15 November 2018Investors should look at the sustainability of the companies in which they invest, rather than using backwards-looking environmental, social and governance (ESG) data, Hermes Investment Management has argued.
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Delivering disclosure
12 November 2018The EU disclosure proposal seeks to clarify investors’ duties and unlock growth in sustainable finance, reports Elena K. Johansson
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Investors and corporates join forces in new plastics initiative
31 October 2018More than 15 major institutional investors and organisations representing several hundred companies have joined forces in support of a new initiative "to eradicate plastic waste and pollution at source".
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Green Climate Fund commits $1bn to new projects
22 October 2018Funding awards for a ‘world first’ developing market green bank and a controversial water project in oil-rich Bahrain have been revealed as part of the latest in the embattled Green Climate Fund (GCF)’s disbursals.
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BlackRock in public-private venture to mainstream 'climate infrastructure'
27 September 2018BlackRock, with $6.3 trillion assets under management, has joined a group of public and private sector funders in an initiative which seeks to mainstream 'climate infrastructure' in emerging markets.
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UK, Chinese finance groups reveal plans to boost environmental disclosures
12 September 2018Details have been released of three-year action plans to improve disclosure of environmental information by a group of Chinese and UK financial institutions.
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Brunel selects Hermes EOS for engagement
05 September 2018Brunel Pension Partnership has appointed Hermes Equity Ownership Services (EOS) to provide voting and engagement services.