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Bond round-up: SGP, ESB, EIB, and more...
05 June 2019California's State Treasurer has called for the state to become a model issuer of green bonds, by setting stringent requirements to ensure that "green bonds marketed to investors truly are green".
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Only 35% of global companies have carbon-reduction targets, says Refinitiv
05 June 2019A new report from data provider Refinitiv shows that 63% of global companies have policies in place to reduce emissions, but only 35% have reduction targets.
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Green bond comment, June 2019: Three reasons to be cheerful
05 June 2019There has been a flurry of good news from the green, social and sustainability bond market in recent months. Here are three reasons to be cheerful.
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Glennmont's third clean energy fund closes with €850m
05 June 2019UK fund manager Glennmont Partners has raised €850 million ($957 million) at the final close of its third clean energy infrastructure fund, which it claims is the largest amount raised for a European green energy fund.
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Pimco sees little impact on returns from ESG bias in developed markets
05 June 2019Returns from Pimco's global bond funds which focus on environmental, social and governance (ESG) criteria, (LINK) have been very similar to those from their traditional counterparts, said Andrew Balls, the company's CIO, global fixed income.
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Institutional investors call for sea change in fish farming
05 June 2019Climate change, pollution and antibiotic resistance could sink the fast-growing fish farming industry, the investor network FAIRR has warned.
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TCFD update exposes low level of climate strategy disclosure
05 June 2019“Much work remains” for organisations to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), particularly when it comes to disclosing strategies to manage their role in the energy transition, a survey has revealed.
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HSBC plans emerging markets green bond fund
04 June 2019HSBC Global Asset Management (HSBC) plans to launch a green bond fund, which targets “real economy” issuers in emerging markets.
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FCA publishes final shareholder engagement rules
04 June 2019UK asset managers and life insurers will be required to publish their shareholder engagement policy, under new rules laid out by the Financial Conduct Authority (FCA).
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Insurers should analyse climate change scenarios in Solvency II reports, says regulator
04 June 2019The European Insurance and Occupational Pensions Authority (Eiopa) has launched a consultation into sustainability risk, and is warning of a "pressing need" for insurers to identify and assess the impact of risks related to climate change.