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North America lags Europe in applying ESG to smart beta, says FTSE Russell
21 May 2018Asset owners in Europe are considering applying environmental, social and governance (ESG) considerations to smart beta strategies in far greater numbers than those in North America, a survey by FTSE Russell showed.
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Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says
21 May 2018A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.
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Enel Green Power prepares €280m investment in renewables in 2019
21 May 2018Enel Green Power Espana (EGPE), a subsidiary of Spanish energy group Endesa, has revealed plans to splash out €280 million ($329.6 million) on building solar plants and wind farms next year.
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People moves: Montanaro Asset Management, UNEP Finance Initiative, Beyond Ratings and Lekela
18 May 2018Montanaro Asset Management has set up an advisory committee for its Better World Fund, to be chaired by Michael Sheren, senior advisor within the Bank of England's Prudential Regulation Authority.
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$10trn of investors urge oil and gas companies to ramp up climate efforts
18 May 2018Sixty big investors have urged the oil and gas industry to take responsibility for all its emissions, as some of the sector’s most powerful players prepare for their annual shareholder meetings.
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TCFD webinar: Banks' response to climate risk is just beginning
18 May 2018Banks are in "the early days" of understanding and addressing the climate risks in their portfolios, a webinar hosted by Environmental Finance heard.
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Bank of America completes largest green bond issue, of $2.25bn
18 May 2018Bank of America Corporation has raised $2.25 billion from its largest green bond issue, in a twice over-subscribed transaction to fund renewable energy projects.
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Affirmative's new impact bond fund kicks off with $30m
17 May 2018Affirmative Investment Management (AIM) has launched an impact fund to be focused on short-term bonds.
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Board governance drives sustainability performance but companies still "have work to do"
17 May 2018Many large companies' governance of sustainability issues is rudimentary or piecemeal, a Ceres study has found.
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UK politicians recommend using dormant assets for green investments
17 May 2018MPs on the UK's Environmental Audit Committee have published a report recommending that dormant assets in the asset management and insurance industry should be used to counter a drop in green investments.