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Climate change to shave 0.5% a year off insurers' capital
16 November 2015Climate change threatens to have a negative impact on the capital position of insurers, by lowering investment income and increasing capital requirements for weather-related claims, Standard & Poor's (S&P) predicts.
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Southern Power Co plans $750m green bond
13 November 2015Southern Power Company is marketing a $750 million green bond, in a transaction set to make it the first US-based utility to tap the market.
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S&P Dow Jones launches 'smart beta' index for European market
09 November 2015S&P Dow Jones Indices has added to its range of sustainability-focussed indexes with the launch of a 'smart beta' European index restricted to highly volatile, high yield stocks.
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NRW Bank attracts green buyers to €500m green bond
04 November 2015NRW Bank has issued its third green bond, with the majority of the €500 million ($544 million) of paper sold to investors with a green or social mandate.
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S&P expands low-carbon indexes with three Canadian additions
03 November 2015S&P Dow Jones Indices has partnered with the Toronto Stock Exchange to launch three climate change indexes for Canada.
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EF BRIEFS: BlackRock, Citi, Ethos, TerraForm Global
30 October 2015BlackRock, the world's biggest asset manager, is considering launching a fossil fuel-free fund. A representative of the company revealed that the fund could be launched next year while speaking at a conference on financial implications for the Paris climate change summit in London.
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EIB issues first Canadian dollar-denominated green bond
28 October 2015The European Investment Bank (EIB) has issued its first Canadian dollar-denominated Climate Awareness Bond (CAB).
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The City of Paris to roadshow €300m green bond
27 October 2015The City of Paris will next week roadshow a 'climate bond' it hopes will raise €300 million ($331.6 million).
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Saint Michael's College issues $20m green bond
27 October 2015Saint Michael's College in Vermont has become sixth US university to tap the green bond market this year, with its inaugural $20 million issue.
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S&P expects increase in rating revisions due to environmental factors
26 October 2015Standard & Poor's (S&P) has made 56 rating actions in response to climate change and other environmental issues over the past two years, and expects more in future, the ratings agency revealed in a research note.