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UNEP FI & EBF to form working group on taxonomy guidelines for banks
17 July 2019The UN's Environment Programme Finance Initiative (UNEP FI) and the European Banking Federation are looking to form a working group to set voluntary guidelines for banks, based on the EU taxonomy of climate-related activities.
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Bonds round-up: Scotiabank, Berlin Hyp, San Diego, Bogota, Greenko
17 July 2019Scotiabank issues inaugural green bond, Berlin Hyp returns with fourth Green Pfandbrief and more
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MJ Hudson buys ESG consultancy Spring
17 July 2019Asset management adviser MJ Hudson has become the latest company to buy into the environmental, social and governance (ESG) advisory space, having acquired specialist ESG consultancy and reporting firm Spring Associates Responsible Investment Service.
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Overcoming the obstacles facing blended finance
17 July 2019Junji Hatano examines the issues that must be tackled to achieve dramatic growth in blended finance for sustainable development in developing countries.
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Cofco signs $2.1bn sustainability loan in first for China
17 July 2019Cofco International has agreed a $2.1 billion sustainability-linked loan with a consortium of 20 banks, in what is believed to be the first such deal by a China-based company.
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Solactive releases 'ambitious' ESG series of indexes
16 July 2019German index provider Solactive has released a new range of equity indexes, Solactive ISS ESG Prime Index Series, which include only companies fulfilling ambitious absolute ESG performance requirements.
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CalPERS throws its weight behind US ESG disclosure proposals
16 July 2019The largest public pension fund in the US has backed proposals that would require every public company in the US to disclose its exposure to environmental, social and governance (ESG) risks.
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'Silence is deafening' by corporates on deforestation, says CDP
16 July 2019As many as 70% of large companies are failing to report on their connections to deforestation, according to a report by the CDP, formerly Carbon Disclosure Project. "The silence is deafening when it comes to the corporate response to deforestation," is how Morgan Gillespy, global director of forests at the environmental NGO described the situation.
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EU Weekly Carbon Update, 15 July 2019
16 July 2019Louis Redshaw remains bullish about the EUA price, despite last week's 9% rise and the sharp increase in auction volume this week.
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Almost all CA100+ power utilities at risk of stranded assets
16 July 2019Most of the world’s largest power utilities that have coal capacity are at risk of making the transition to a low-carbon transition in a disorderly manner, potentially compromising tens of billions of dollars in shareholder value, the Carbon Tracker Initiative has found.