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EU-wide sustainability taxonomy is matter of urgency, says Commission
09 March 2018The European Commission said it will develop an overarching EU taxonomy for sustainability as a matter of urgency, as it aims to seize the mantle of global leader in green finance.
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Central bankers warn European Commission on green supporting factor
09 March 2018Prominent central bankers have warned the European Commission that plans to lower the capital requirements for green assets would be "dangerous".
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Surviving climate change needs adaptation as much as insurance
07 March 2018EU insurers warn of overreliance on government post-disaster funding
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HLEG proposals embraced in overhaul of European transparency code
19 February 2018The terms of a Europe-wide "passport for SRI funds" have been updated to align with the recommendations of the EU Commission's High-Level Expert Group on Sustainable Finance (HLEG).
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EU green bond standard should make GBPs mandatory, HLEG urges
31 January 2018An official EU green bond standard should be created this year that would make the recommendations of the Green Bond Principles (GBPs) mandatory and require second opinion providers to be accredited, according to the Commission's High-Level Expert Group on Sustainable Finance (HLEG).
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Oligopolistic rating agencies must be forced to consider ESG, says HLEG
31 January 2018The European Union should crack down on 'oligopolistic' credit rating agencies by forcing them to integrate environmental, social and governance (ESG) factors in their analysis, according to the High-Level Expert Group on Sustainable Finance (HLEG).
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PRI, Eurosif urge EU to enshrine sustainability in fiduciary duty law
24 January 2018The UN-supported Principles for Responsible Investment (PRI) and Eurosif have urged the EU to formally recognise sustainability as part of large investors' fiduciary duty, saying that such a definition would remove a key barrier to responsible investment.
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The role of ESG in fiduciary duty needs clarity
27 December 2017Investors should endorse the European Commission's mission to clarify how environmental, social and governance (ESG) factors form a central part of their fiduciary duty, Nathan Fabian says
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China launches world's largest emissions trading scheme
19 December 2017China has announced the long-awaited launch of its national emissions trading scheme (ETS), which will immediately become the largest of its type in the world, according to analysts.
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European Commission 'looking positively' at lower capital charges for green loans
12 December 2017The European Commission is favourably disposed to the possibility of lowering capital charges on bank loans for climate-friendly projects, according to its vice president, Valdis Dombrovskis.