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ISS ESG launches tools to tailor-make ESG indices
04 March 2019ISS ESG, the responsible investment-focused arm of Institutional Shareholder Services (ISS), has launched tools that allow investors to create their own customised environmental, social and governance (ESG) indexing strategies.
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Church Investors’ climate voting policy targets utilities
04 March 2019The £21 billion ($27.8 billion) Church Investors Group (CIG) will vote against the chair of electricity utilities that do not have Paris-compliant emissions reduction targets, under its updated voting policy.
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ESG scores may never standardise, argues LGIM
01 March 2019“We may never reach a point where environmental, social and governance (ESG) scores across providers are standardised or uniform”, a Legal & General Investment Management (LGIM) index specialist has argued.
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Sustainability by proxy - Part three: Hermes EOS
01 March 2019In the third of a four-part series on highly influential proxy voting providers, Michael Hurley asks Hermes EOS what it is doing to develop the guidance it provides investors on environmental issues
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$1.8trn investor group urges US utilities to set net-zero carbon deadline
01 March 2019Investors representing a combined $1.8 trillion in assets have demanded that the 20 largest publicly traded electricity utilities in the US commit to achieving net-zero carbon emissions.
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Snam's bond should trigger a discussion about 'transition bonds', says BNP
01 March 2019An underwriter of Snam's 'climate action bond' has launched an impassioned defence of the issue, arguing that issues such as this are needed to help companies from high-emitting sectors to transition to lower-carbon business models.
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SEK6.5bn SDG fund makes final close
01 March 2019Swedish private equity firm Summa Equity has grown its SDG fund to SEK6.5 billion ($704 million) at final close, after it was launched three years ago.
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Ardian invests €300m in Swedish wind farm
01 March 2019Private equity firm Ardian has agreed to invest €300 million ($342 million) in a project to build a wind farm in Sweden.
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People moves: SASB, J.P. Morgan AM, Chronos, Ramboll
01 March 2019Madelyn Antoncic has been named chief executive of the Sustainability Accounting Standards Board (SASB) Foundation.
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Norway's Government Pension Fund divests from agricultural companies to combat deforestation
28 February 2019Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund with $1 trillion of assets, has divested from four major agricultural companies to combat deforestation.