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Axa targets €12bn of green investments and dumps coal and oil sands projects
12 December 2017Axa has quadrupled its green investment target and said it plans to divest €2.4 billion ($2.8 billion) from coal-related companies, as it ramps up its efforts to fight climate change.
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$26trn of investors sign up to climate engagement initiative
12 December 2017More than 200 global institutional investors with over $26.3 trillion in assets have joined forces in a collaborative engagement initiative to drive swifter corporate action on climate change.
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European Commission 'looking positively' at lower capital charges for green loans
12 December 2017The European Commission is favourably disposed to the possibility of lowering capital charges on bank loans for climate-friendly projects, according to its vice president, Valdis Dombrovskis.
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ING targets "close-to-zero" coal exposure by 2025
12 December 2017ING has introduced a "sharpened" coal policy that will see the bank gradually phase out nearly all lending to coal-related businesses by 2025.
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Major investors demand more action from ESG index providers
12 December 2017Equity index providers were urged by two of the world's largest investment organisations to develop more 'useable' indexes based on environmental, social and governance (ESG) issues.
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China gets tough with corporate polluters
12 December 2017From 2018, the Beijing government is to insist that all listed companies and bond issuers in China disclose the environmental risks associated with their operations or explain why they are not doing so.
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Shareholder action forces oil giant Exxon to increase climate disclosures
12 December 2017ExxonMobil is to start publishing reports on how policies to reduce global warming affect its profits, a move which marks a major victory for shareholder action on climate change, according to New York State Comptroller Thomas DiNapoli.
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Corporates confirm their commitment to green bonds
12 December 2017A group of Europe's largest industrial issuers of green bonds have made a formal pledge to promote the future growth of the market.
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Banking on Water - the role of commercial banks in water solutions
11 December 2017There are five key ways in which banks can seize the opportunities presented by the water sector, argues Ambika Jindal.
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BNP to launch voluntary carbon market tool
11 December 2017A service to encourage investment in voluntary carbon offsetting projects is to be launched in mid-2018 by French bank BNP Paribas.