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Many biodiversity funds greenwashing, says Lester Asset Management
04 April 2024Many of the biodiversity funds currently on the market are greenwashing, Lester Asset Management said, predicting strong demand for pure-play funds such as the one it recently launched.
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Issuers worry capex-focused sustainability-linked bonds could 'backfire'
03 April 2024Carbon-intensive issuers are interested in tying sustainability-linked bonds (SLBs) to their 'green' capital expenditure (capex) plans, but are concerned that investors will begin to view these 'double' impact bonds as the only way they can access the market.
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Brazilian cattle farmers need $114bn of investment to transition
03 April 2024Brazilian cattle farmers have been urged to diversify their revenue streams to limit the threat of climate change, as a report warned that $114 billion of investment is needed by 2030 to put the sector on a pathway to sustainability.
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Kempen 'surprised' adaptation isn't greater priority for regulators
02 April 2024Kempen Capital Management has expressed "surprise" that adaptation hasn't been made a greater priority by regulators.
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Saudi Arabian green finance framework an 'important but controversial step'
02 April 2024The Kingdom of Saudi Arabia has published its green financing framework, opening the door to major oil exporter issuing sovereign green bonds and sukuk.
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Climate resolutions hit record in North America, despite ESG backlash
02 April 2024A record-breaking number of climate resolutions has been filed in North America, although it remains to be seen whether investors will support them, given the strength of anti-ESG sentiment in the US.
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Japanese GFANZ members 'intend to grow transition financing'
02 April 2024Japanese financial institutions said they will grow their allocation to 'transition financing' and explore ways to ramp up a planned phase-out of coal power generation, in a joint statement by signatories to the Glasgow Financial Alliance for Net Zero (GFANZ).
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Saint-Gobain: EU Taxonomy 'opened green bonds for us'
28 March 2024French construction materials firm Saint-Gobain switched from sustainability-linked bonds to green bonds for its latest sustainable bond deal, after EU Taxonomy-aligned disclosures helped it identify eligible activities.
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ASEAN Taxonomy extended to transport, construction and real estate
27 March 2024An update to the Association of Southeast Asian Nations (ASEAN) Taxonomy for Sustainable Finance has seen the ground-breaking 'green' list extended to cover the transport and construction and real estate sectors.
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Royal London AM invests £260m in UK regenerative agriculture farmland
27 March 2024Royal London Asset Management has acquired 21,000 acres of farmland in a £260 million joint venture with the South Yorkshire Pensions Authority (SYPA), which will be used for regenerative agriculture projects and nature-based solutions.