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NN Group announces restrictions on coal-related underwriting
29 May 2019NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.
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South Africa enacts carbon tax to help meet Paris goals
29 May 2019South Africa, the largest contributor to fossil fuel emissions in Africa, has enacted a new carbon tax to lower greenhouse gas (GHG) emissions in line with targets laid out in the 2015 Paris Agreement.
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LGIM expands range of ESG funds
29 May 2019Legal & General Investment Management (LGIM) has added two sustainable investment funds to its £3.2 billion ($4.1bn) Multi-Index range.
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Standardise Sharia approach to ESG, says S&P
29 May 2019A standardised approach to Sharia interpretation of environmental, social and governance (ESG) factors should be developed that can boost existing growth opportunities for green sukuk, rating agency S&P has said.
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Japan Post Insurance adds PLN1bn CAB to its 'green' assets
28 May 2019Japan Post Insurance has added to its growing volume of green investments, by agreeing a private placement of a PLN1 billion ($205.5 million) Climate Awareness Bond (CAB) from the European Investment Bank (EIB).
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Solactive invests in European advisory firm Minerva
28 May 2019German index provider Solactive has made an equity investment in proxy voting and investment advisory firm Minerva.
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Japanese firms inaugurate TCFD consortium
28 May 2019A consortium of companies has been formed in Japan to help implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
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WCI carbon market update, 27 May 2019
28 May 2019The May auctions were significantly oversubscribed, but the price of California Carbon Allowances slipped back last week, says Nicolas Girod*.
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Straight exclusion funds should not be labelled sustainable, argues Robeco
28 May 2019Funds that look to improve their sustainability credentials merely by excluding companies from investment “should be a thing of the past”, according to Robeco.
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EU sets date for publication of sustainability taxonomy
28 May 2019The European Commission will on 18 June publish final reports on the EU sustainability taxonomy and green bond standards, and an interim report on climate-related benchmark indexes.