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UK Financial Reporting Council to set up climate lab
18 October 2018A working group to improve company reporting of information related to climate change is to be established by the UK’s Financial Reporting Council (FRC).
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Legislation to clarify fiduciary duty could be mistake, says law firm
18 October 2018Efforts to clarify investors’ fiduciary duty with regards to environmental, social and governance (ESG) factors in regulation are misplaced and could “unnecessarily box investors in”, according to law firm Baker McKenzie.
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Leave taxonomies to the private sector, says Impax
18 October 2018The task of writing taxonomies for sustainable finance is best left to the private sector, according to Impax Asset Management.
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Sustainable food tech 'hot in venture capital'
18 October 2018Sustainable food technology is a significant investment opportunity, said investors on a private equity panel of Environmental Finance’s Green Equities conference.
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Green bonds round-up, 17 October 2018
17 October 2018German commercial bank Berlin Hyp has raised €500 million ($578 million) from its third green Pfandbrief. This takes the total green debt issued by the bank to €3 billion.
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ScottishPower sells last gas asset to complete shift to renewables
17 October 2018ScottishPower has become the first integrated energy company in the UK to shift completely from coal and gas generation to wind power, after completing the sale of its traditional generation business to power company Drax for £702 million ($922 million).
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Should the TCFD be mandatory? Not yet, say investors
17 October 2018A panel at Environmental Finance's Green Equities conference was asked whether reporting in line with the recommendations of the Task Force of Climate-related Financial Disclosures (TCFD) should be made mandatory.
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Comment: Regulators are pushing investors on climate
17 October 2018The increasing attention of regulators bodes well for green finance, says Peter Cripps
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IIGCC urges pension funds to improve climate risk management
17 October 2018Pension funds have been urged to improve their management of climate-related risks and opportunities by a group of investors with more than €21 trillion ($24.3 trillion) in combined assets.
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Investors agree with BP - scenario analysis can be confusing!
17 October 2018Climate scenario analysis - as recommended by the Task Force on Climate-related Financial Disclosures (TCFD) - can be "infinitely confusing", Environmental Finance's Green Equities conference heard.