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Sovereign social bonds to protect lives and livelihoods
05 May 2020An exceptional shock deserves an exceptional response, argues Farah Imrana Hussain
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Total makes net-zero pledge after investor pressure
05 May 2020French oil major Total has become the latest oil and gas major to announce its ambition to be net-zero emissions by 2050, after pressure from investor groups.
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ISS ESG creates impact rating system
05 May 2020ISS ESG has devised a system by which it will rate companies' management of their positive and negative contributions to the UN Sustainable Development Goals (SDGs).
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Berkshire Hathaway divests from airline industry
05 May 2020Insurance and investment conglomerate Berkshire Hathaway has sold its entire $6.5 billion investment in the US airline industry because of the impact of the coronavirus outbreak.
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Morgan Stanley raises $110m climate impact fund
05 May 2020Morgan Stanley has raised $110 million at final close for a 'global climate impact fund' that will invest in private markets.
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WCI Carbon Market Update, 4 May 2020
04 May 2020California Carbon Allowances remain below their floor price, with travel restrictions resulting from the Covid-19 pandemic the main bearish factor, says Nicolas Girod*.
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Allianz tightens coal exposure policy
04 May 2020German insurer Allianz plans to exclude companies from its property and casualty (P&C) insurance portfolios which fail to present "a credible transition strategy away from coal".
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Tiff Macklem appointed governor of Bank of Canada
04 May 2020Tiff Macklem, former deputy governor of the Bank of Canada and current Dean of the Rotman School of Management at the University of Toronto, has been appointed to lead the central bank.
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Expect green bond rebound amid Covid-19 recovery, HSBC says
04 May 2020The recent dip in green bond issuance is set to be short-lived, with a rebound likely due to factors including the implementation of the EU Green Deal and COP26, according to HSBC.
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Dai-ichi Life boosts sustainable investments with Covid-related bonds
04 May 2020Japanese insurer Dai-ichi Life has increased its investments in social and sustainability bonds by about $190 million via two private Covid-19-related bond placements.