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Governments urged to adopt ‘transformative’ approach to sustainable infrastructure
07 January 2019Governments have been urged to promote a ‘transformative’ rather than ‘incremental’ approach to climate-friendly infrastructure as a way to bring in new investors and new sources of finance.
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EU Council agrees position on low-carbon benchmarks and disclosure requirements
21 December 2018The Council of the EU has agreed its position on low-carbon benchmarks and sustainability-related disclosure requirements, signalling the start of discussions with the European Parliament to thrash out the final text.
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Barclays plans to double green bond investments to £4bn
20 December 2018Barclays plans to grow its investments in green bonds to £4 billion ($5 billion), having already broken through its original target to commit £2 billion.
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Nippon Life backs TCFD and invests in offshore wind
18 December 2018Nippon Life Insurance Company – Japan’s largest life insurer – has committed to report in line with the recommendations of the Task Force on Climate-related Financial disclosures (TCFD).
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Investors plan to grow ESG allocations despite greenwashing concern
18 December 2018Most institutional investors plan to grow their allocation to environmental, social and governance (ESG)-themed strategies in 2019, despite many being concerned by the risk of greenwashing, according to a survey by Natixis Investment Managers.
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Investors with $1.9trn slap Exxon with new climate resolution
17 December 2018Investors have issued a fresh set of demands on oil and gas giant ExxonMobil, this time calling on it to set targets to lower its emissions in line with Paris Climate Agreement.
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Financial institutions to be held to account on climate by ISO standard
14 December 2018A framework that is designed to assess the impact on climate change of financial institutions’ investments is to be launched next year.
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EU's Non-Financial Reporting Directive results in 'insufficient climate information'
30 November 2018The EU's Non-Financial Reporting Directive (NFRD) is not causing companies to adequately report key and material climate information needed by investors, a report argues.
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Fidelity launches sustainable water and waste fund
29 November 2018A fund to invest in sustainable water and waste management products has been launched by $411 billion investment manager Fidelity International.
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EDF signs €4bn ESG-indexed revolving credit facility
28 November 2018French electricity utility EDF has signed a green revolving credit facility (RCF) worth €4 billion ($4.5 billion), for which the payments will depend on sustainability-related performance indicators.