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EDF signs €4bn ESG-indexed revolving credit facility
28 November 2018French electricity utility EDF has signed a green revolving credit facility (RCF) worth €4 billion ($4.5 billion), for which the payments will depend on sustainability-related performance indicators.
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Large food brands’ reporting failure raises their climate risk, says Ceres
28 November 2018The majority of the largest food and drinks brands in the US and Canada currently fail to report on emissions from their supply chain, raising their exposure to climate-related risk, Ceres has said.
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European Commission's TEG to issue first draft of taxonomy, and call for more experts
28 November 2018A first draft of the EU's taxonomy of climate mitigation activities will be unveiled next week, probably on Tuesday.
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Aviva and L&G invest more than £750m in world's largest wind farm
28 November 2018Aviva Investors and Legal & General Investment Managers – Real Assets (LGIM RA) have lent more than £750 million ($957 million) to Global Infrastructure Partners (GIP) to purchase 50% of the UK's Hornsea One offshore wind farm.
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French banks boost coal financing by 52% after COP21
27 November 2018French banks have increased their coal financing by 52% following the signing of the Paris Climate Agreement.
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EU carbon market update, 26 November 2018
27 November 2018After last week's 5.5% rise in the EU Allowance price, the outlook remains bullish, but the market remains sensitive to Brexit developments, says Louis Redshaw.
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UNEP FI calls for impact-focussed business models
27 November 2018New business models which target social, economic and environmental impacts from the outset can help finance sustainable development at lower cost and with less risk than traditional approaches, according to a UN report.
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Insurers call for integration of climate science with cat modelling
27 November 2018Catastrophe risk modelling could be improved by integrating the latest climate science and a variety of technologies into the modelling framework, according to the Geneva Association.
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XL's adoption of Axa climate policy will cost €100m in premiums
27 November 2018Re/insurer Axa XL will adopt Axa’s climate policy on both sides of the balance sheet, following the French insurer’s recent takeover of XL Group.
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Eurosif observes substantial growth in engagement on sustainability
26 November 2018Significant growth in investor engagement on sustainability-related issues has been tempered by growing concerns of greenwashing, a Eurosif survey has found.