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EU Weekly Carbon Update, 2 July 2019
02 July 2019This week's auction volume is the largest yet seen in 2019, but technical analysts continue to paint a bullish picture of the EUA market, says Louis Redshaw.
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BlackRock and CPPIB back stewardship code for long-term investors
02 July 2019FCLTGlobal, a non-profit organisation led by institutional investors including the Canada Pension Plan Investment Board (CPPIB) and BlackRock, has released new guidelines that aim to help asset managers become better long-term investors.
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GPIF to invest in more CAB bonds to boost standardisation
02 July 2019Japan's Government Pension Investment Fund (GPIF) is to invest in "larger amounts" of climate awareness bonds (CABs) and sustainability awareness bonds (SABs) from the European Investment Bank (EIB) and help boost standardisation, an EIB spokesman said.
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ESG risks increasingly affect insurers' credit profiles
02 July 2019Environmental, social, and governance (ESG) risks increasingly affect insurers' credit profiles, with European insurers more exposed than those in other regions, according to rating agency Moody's.
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Chubb's coal exclusion policy to impact at least $10m of assets
01 July 2019US insurer Chubb has announced it will not make new debt or equity investments in companies that generate more than 30% of their revenues from thermal coal mining or that generate more than 30% of their energy production from coal.
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Australian pension fund buys minority stake in Swiss impact firm
01 July 2019Australian pension fund Christian Super has bought a “significant” minority stake in ResponsAbility Investments, a Swiss impact asset manager.
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ESG ratings reflected in sovereign credit spreads, says Hermes
01 July 2019Countries that rate highly on environmental, social and governance (ESG) criteria benefit from tighter credit default swap (CDS) spreads than those with lower ESG ratings, a study has found.
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KfW green bonds price tighter in the secondary market
01 July 2019Bonds issued by German development bank KfW appear to trade at a slight premium to their vanilla counterparts, Environmental Finance's ESG and Fixed Income conference heard.
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Green and sustainability loans: the growth accelerates
01 July 2019The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes
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Dai-Ichi Life invests $200m in green and sustainability bonds
01 July 2019Dai-ichi Life Insurance has invested JPY21.6 billion ($200 million) in green and sustainability bonds issued by two development banks.