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Energy efficiency outperforms amid 'enduring appeal'
24 June 2020Resource efficiency-focused investments have outperformed since the start of 2020, WHEB Asset Management tells Ahren Lester, as customers and investors recognise their "enduring appeal" despite the economic shock caused by the coronavirus pandemic
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Pimco granted €1bn SDG bond mandate from Danish pension provider
24 June 2020Pimco has received a DKK 8.9 billion ($1.4 billion) mandate from Denmark's Industriens Pension, to invest in bonds that contribute to the 17 UN Sustainable Development Goals (SDGs).
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Covid-19 poses 'most severe test yet for carbon markets' - IETA
23 June 2020The Covid-19 pandemic "represents the most severe test of the world's carbon markets to date, going far beyond the scope of the 2008 global financial crisis," said Dirk Forrister, president and CEO of the International Emissions Trading Association (IETA).
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Investor support for Mizuho Financial climate resolution grows
23 June 2020Mizuho Financial faces growing pressure as more investors back a shareholder resolution calling on the bank to disclose its climate risks and publish a plan to align investments to the Paris Agreement.
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Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
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Cleantech Solar secures $75 million green loan
23 June 2020Cleantech Solar has signed a $75 million green loan with the Singapore branch of Dutch lender ING Bank, the largest Asian green facility for commercial and industrial rooftop solar projects.
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PG&E gets approval for $11bn wildfire insurer settlement
23 June 2020Pacific Gas & Electric (PG&E), the failed utility company held responsible for the 2018 Camp wildfire in California, has received court approval to enter into a $11 billion settlement with insurers.
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Social bond growth outstrips green bonds - S&P
23 June 2020Social bonds will grow faster than green bonds this year, as issuers deploy the model to help finance coronavirus pandemic response measures, according to S&P Global Ratings.
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EU carbon market update: 22 June 2020
23 June 2020One or more longer-term investors and speculative capital seem to be driving EU Allowance prices at present, as fundamental factors remain bearish, says Tom Lord*.
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Olam signs $250m sustainability-linked loan
22 June 2020Olam has signed sustainability-linked revolving credit facility (RCF) worth $250 million, the third sustainability-linked loan the food and agriculture firm has signed over the last two years.