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Green bond comment, May: It's all about impact!
02 May 2018Is the green bond market evolving into the impact bond market?
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Green bonds round-up, 2 May
02 May 2018DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.
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Ontario government backs latest Emerald cleantech fund
02 May 2018The Ontario Capital Growth Corporation (OCGC) has committed CAD35 million ($27 million) to the latest cleantech fund from Zurich-based Emerald Technology Ventures.
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'Knowledge hub' offers help with TCFD recommendations
01 May 2018The Task Force on Climate-related Financial Disclosures (TCFD), in partnership with the Climate Disclosure Standards Board (CDSB), has created an online platform to host a range of tools and information intended to help organisations implement its recommendations.
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EU carbon market weekly update - 30 April 2018
01 May 2018The end of compliance buying takes away a key pillar of support for EU carbon prices, but does not necessarily mean a correction is in store, says Louis Redshaw.
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Germany's KGAL attracts €382m into latest renewables fund
01 May 2018German investment manager KGAL has secured €382 million ($460 million) by the second close of its fourth Enhanced Sustainable Power Fund (ESPF 4).
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Sustainalytics helps Morningstar assess carbon risk in 30,000 funds
01 May 2018Investment research firm Morningstar has launched its Portfolio Carbon Risk Score, based on Sustainalytics’ Carbon Risk Ratings, to provide an asset-weighted carbon-risk score of the holdings in a portfolio.
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Lithuania issues first sovereign green bond from Baltics
30 April 2018Lithuania has become the first country in the Baltic region to issue a sovereign green bond. A €20 million ($25 million), 10-year green bond settled today that will be listed on the Nasdaq Baltic Bond List.
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Axa calculates climate risk for asset portfolio
30 April 2018Axa Group has calculated the potential value at risk (VaR) in its asset portfolio due to climate change, in a ground-breaking piece of analysis for an insurance company.
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UN body plans TCFD-style guidelines for insurance regulators
30 April 2018The Principles for Sustainable Insurance (PSI) initiative is aiming to launch guidelines for insurance regulators that are similar to those for companies and investors issued by the Financial Stability Board's (FSB) Task Force on Climate-related Financial Disclosures (TCFD).