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NBIM excludes three portfolio companies for 'unacceptable' environmental risk
01 March 2024Norges Bank Investment Management (NBIM) has removed three companies from its Government Pension Fund Global amid "unacceptable" environmental risk.
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'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo
28 February 2024BlackRock, Vanguard and Wells Fargo have been accused of "appalling inaction" on deforestation by NGO Global Canopy, which criticised the lack of policies and continued financing of deforestation over the past decade.
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European Parliament passes 'world first' nature restoration law
28 February 2024Investors have welcomed the European Parliament passing the "world first" Nature Restoration Law, calling it a "watershed" moment for a nature-positive economy.
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Nature-based solutions boosted in offsetting principles update
27 February 2024A set of principles designed to bring credibility to the "failing" voluntary carbon markets have been updated to place greater importance on the role of nature-based solutions.
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S&P launches two biodiversity benchmarks
27 February 2024S&P Dow Jones Indices has launched two biodiversity benchmarks, tracking a subset of equities within the S&P 500 and S&P Global LargeMidCap indices.
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Biodiversity funds top $1 billion for first time
27 February 2024Biodiversity fund assets topped $1 billion for the first time in 2023, but the majority of funds in the universe remain small.
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Switzerland encouraged to use debt-for-nature swaps
23 February 2024The Swiss government has been encouraged to help scale up private investment in biodiversity, either through providing first-loss capital or developing debt-for-nature swaps.
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Levelling up agenda to help UK local government pensions to invest in biodiversity, says Mercer
21 February 2024Local government pension schemes are looking for biodiversity investment opportunities, Mercer has said, but warned other pension schemes might face difficulties in finding suitable investments.
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Foresight calls for woodland's inclusion in UK ETS
21 February 2024Foresight Sustainable Forestry Company has called for the inclusion of woodland carbon credits in the UK Emissions Trading System (ETS), to help raise prices and encourage land to be switched from agricultural production to afforestation.
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Three new biodiversity funds launched in Q4
20 February 2024Three new biodiversity funds were launched in the final quarter of 2023, taking total number to 19, according to research conducted by Environmental Finance.