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26 firms commit to biodiversity impact and disclosure pledge
25 September 2020A pledge to set targets and reporting on biodiversity, and pressure world leaders to reverse nature loss has been signed by 26 financial firms managing over €3 trillion ($3.5 trillion) in assets, including Axa, HSBC Global Asset Management and Robeco.
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Climate stocks shine in year of Covid-19, says HSBC
24 September 2020Companies that earn revenues by providing climate solutions have consistently outperformed in a year marked by the coronavirus pandemic, according to research from HSBC.
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Novartis issues first Sustainability-linked Bond with social targets
17 September 2020Swiss pharmaceutical company Novartis has issued a €1.85 billion ($2.2 billion) sustainability-linked bond (SLB) - the first SLB to incorporate social targets.
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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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EU targets €225bn green bond issuance amid strengthened climate push
16 September 2020The EU said it intends to raise 30% of its €750 billion ($890 billion) Next Generation EU (NGEU) recovery fund through the issuance of green bonds, as it boosted its greenhouse gas (GHG) emissions reductions target for 2030.
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Potential EU green bond issuance faces three obstacles - HSBC
15 September 2020Three hurdles stand in the way of the European Union if it wishes to issue its own green bonds as part of its agreed €750 billion ($892 billion) Covid-19 recovery plan, according to HSBC.
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Green and sustainability-linked loan round-up: Ghana and Hongkong Land
02 September 2020 -
HSBC and Pollination form 'world's largest natural capital manager'
26 August 2020HSBC Global Asset Management and investment firm Pollination Group have entered into a joint venture agreement to establish HSBC Pollination Climate Asset Management.
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BHP increases climate pressure on industry associations
17 August 2020Anglo-Australian mining giant BHP has enhanced its policy towards industry associations as it looks to ensure its climate lobbying aligns with the Paris Agreement.
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UniCredit plans 2028 coal sector exit in updated policy
10 August 2020UniCredit has taken a harder line against thermal coal, pledging to stop financing its mining or burning entirely by 2028, as the exodus from the carbon-intensive fuel by global lenders continues.