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Science Based Targets initiative launches financial sector framework
01 October 2020Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.
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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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CFTC: Climate change poses 'major risk' to US financial system
10 September 2020A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.
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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.
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Environmental groups target US corporates for climate change action
16 October 2019Eleven environmental groups have sent an open letter to the CEOs of US businesses urging them to step up their action on climate change.
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Global Commission on Adaptation urged to develop climate risk tools
22 July 2019The Global Commission on Adaptation (GCA) has been urged to consider funding the development of climate data risk analysis tools for investors, in a report that says it could help solve one of the biggest barriers to investment in climate adaptation measures.
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EIB provides €16bn in ‘climate action’ lending in 2018
25 March 2019The European Investment Bank (EIB) lent a combined €16.1 billion ($18.2 billion) – 29% of its overall lending – to ‘climate action’ projects in 2018.
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Asia Sustainable Finance Initiative launched with Singapore focus
21 January 2019An initiative to increase the supply of sustainable finance from Asian financial institutions will use Singapore as a hub to catalyse regional development.
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Boston Common backs ‘blue economy’ finance principles
30 October 2018Boston Common Asset Management has added its name to the growing number of financial institutions that have endorsed a set of principles for investing to support the world’s oceans.
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CBI updates green bond water criteria to accommodate natural capital
23 May 2018Wetlands, watersheds and forests will become an acceptable use of proceeds for Climate Bonds Initiative (CBI)-certified green bonds under revised criteria.