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Mirova presses scandal-hit Orpea to adopt ESG mission
08 February 2022Mirova has written to the chairman of Orpea asking the scandal-hit care home provider to overhaul its corporate governance by formally agreeing a mission to ensure its contribution to society and the environment.
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SBTi, CDP refute net-zero standards criticism
08 February 2022The methodology in a report criticising net-zero standard setters has been called into question by the Science-Based Targets initiative (SBTi) and CDP.
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Impact reporting: a work in progress
08 February 2022Green bond impact reporting growing significantly, but problems remain, an Environmental Finance webinar heard. Genevieve Redgrave reports
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Oceans fund swells to €95m
08 February 2022A €43 million ($49 million) fundraise has almost doubled the size of a 'Blue Oceans Fund' targeting investment to tackle ocean pollution, overfishing and climate change.
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Axa launches short-duration green bond fund
07 February 2022Axa Investment Managers (Axa IM) has launched an £11 million ($15 million) short-duration green bond fund, shortly after it added its second dedicated green bond fund to its product line.
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S&P: ESG concerns are more than twice as likely to lead to downgrade
07 February 2022Bonds earmarked for a 'potential credit rating downgrade' because of environmental, social or governance (ESG) concerns were more than twice as likely to be downgraded during 2021 than bonds red-flagged for other reasons, S&P Global Ratings said.
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Pension funds may lead green infrastructure growth
07 February 2022Pension funds could lead the development of sustainable infrastructure if governments enable them to do so, says a G20-backed body.
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Climate stress testing: Getting it right from the start
07 February 2022Regulators' approaches to climate stress test data leave a lot to be desired, argue Ryan Vaughn and Meghan Purdy
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Fewer than one in 10 financial institutions conduct scenario analysis, study finds
07 February 2022Only about 8% of financial institutions conduct scenario analysis to assess climate and broader environmental risks, a study has found.
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Wind firms are 'still overvalued'
07 February 2022Wind energy firms remain overvalued due to increasing costs for the sector, despite being a long-term growth story, a sustainable investing pioneer has claimed.