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Transition investors need help to avoid greenwashing accusations, says Philippines regulator
31 January 2023Investors and banks looking to retire Filipino coal assets early need more clarity on the transition, to avoid "undue greenwashing criticism", the Filipino regulator has said.
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Agri-forestry investment yields endangered by physical climate risks, data gaps
24 January 2023Folium Capital, a $900 million investor in the agriculture and forestry sector, is preparing for volatile annual returns over the next ten years, brought on by climate-induced forest fires, droughts, and pricier crop insurance.
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Sustainability a 'competitive differentiator' for Australian super funds
20 January 2023Increasing consumer pressure to be 'green' has led Australian super funds to use sustainability as a "competitive differentiator" from their competitors, the Responsible Investment Association Australasia (RIAA) has said.
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ISSB to push for progressive improvements in climate scenario analysis
20 January 2023Businesses reporting in line with proposed international sustainability standards will be asked to progressively improve their climate-related scenario analysis, after a vote yesterday.
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Hong Kong airport expansion green bond is 'greenwashing'
13 January 2023The Hong Kong Airport Authority (HKAA) has raised $1 billion from a green bond tranche which forms part of its broader funding of the runway expansion project, a year after its previous controversial deal.
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Climate change tops WEF's long-term global risks
12 January 2023The World Economic Forum (WEF) has identified four environmental challenges among its ranking of the "most severe" risks over the next decade, with climate change again topping its list.
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Moody's: ESG-driven credit risk will accelerate in 2023
09 January 2023Moody's Investors Service said credit risk related to environmental, social and governance (ESG) factors is set to grow in 2023, including because of rising scrutiny of company decarbonisation plans.
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Glencore shareholders demand more transparency on coal plan
05 January 2023Investors representing $2.2 trillion in assets have asked Glencore to provide more information on how the mining giant's ongoing thermal coal production aligns with its commitment to support the Paris agreement
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CBI outlines ASEAN transition plan recommendations
04 January 2023The Climate Bonds Initiative (CBI) has recommended companies in the Association of Southeast Asian Nations (ASEAN) market should prominently publish clear transitions plans, also encouraging use of its 'five hallmarks' of a good transition plan.
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HSBC pledges to stop financing new oil and gas
14 December 2022HSBC has announced it will not finance any new oil and gas fields, in a move a pressure group said sends a strong signal to other banks to follow.