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Majority of world’s largest pension funds neglect climate risk, says AODP
10 September 2018Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).
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RGGI allowance price jumps to two-year high in latest auction
10 September 2018Emission allowances in the US Regional Greenhouse Gas Initiative (RGGI) hit a two-year high clearing price of $4.50 in the latest quarterly auction.
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Typhoon Jebi could cost insurers up to $4.5bn, says analysts
10 September 2018Insured losses from typhoon Jebi will be between $2.3 billion and $4.5 billion, according to risk modelling firm AIR Worldwide.
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People Moves: Barclays, Mirabaud Asset Management and Quaero Capital
07 September 2018Barclays has expanded its green banking team with a new employee and an appointment. Victoria Land (maiden name Clarke) will lead debt capital markets origination in socially responsible investing (SRI) and green bonds as director from November. Rhian-Mari Thomas has been appointed as global head of green banking.
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NBIM urges better ocean sustainability management
07 September 2018Companies have been urged to take into account the challenges and opportunities related to sustainable use of the world’s oceans by the asset manager of the world’s largest sovereign wealth fund.
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Thoughts on 'SDG bonds'
07 September 2018A number of 'Sustainable Development Goal (SDG) bonds' have been issued in recent years. Alice Val argues that issuers should not be tempted to target too many goals in their issues
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NextEra yieldco to pay $1.3bn for renewables assets in dropdown deal
07 September 2018NextEra Energy Resources has agreed to sell a 1.39GW portfolio of renewables assets to its parent company’s yieldco, for a sum of $1.275 billion.
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Generali to acquire French asset manager Sycomore
07 September 2018Italian insurance group Assicurazioni Generali has entered into exclusive negotiations to acquire a majority stake in French asset manager Sycomore.
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Willis Towers Watson develops 'mainstream' ESG strategy with MSCI
06 September 2018Willis Towers Watson has developed a “mainstream” equity environmental, social and governance (ESG) strategy.
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EIB enters sustainability bond arena with ground-breaking issue
06 September 2018The European Investment Bank (EIB) has issued its inaugural Sustainability Awareness Bond (SAB), the first in a series that expands its labelled bond issuance programme beyond Climate Awareness Bonds (CABs).