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Real estate decarbonisation standard under construction
18 January 2022A global standard for the real estate sector to set 'science-based' targets that help restrict global temperature rise to 1.5°C is set for release in April, it has been revealed.
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Canada climate scenarios warn of potential for 'sudden and large' losses
17 January 2022The potential for "sudden and large" losses due to climate change may mean financial institutions in Canada are required to hold extra capital in reserve...
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North American banks form climate risk group
14 January 2022A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.
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UN agency advocates 'more long-term' credit ratings with SDG bent
14 January 2022Credit ratings agencies should be required to take a longer-term approach to assessing the credit quality of sovereign issuers, to account for climate risk and the Sustainable Development Goals (SDGs), a UN department has suggested.
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Verdane claims 'largest' growth equity impact fundraise
14 January 2022Oslo-based investor Verdane has claimed that its €300 million ($344 million) fundraise makes its growth equity impact fund the largest such investment vehicle in Europe to date.
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UK regulator writes to CEOs of climate focus in 2022
13 January 2022The UK's Prudential Regulation Authority (PRA) has placed CEOs of banks, general insurers and deposit takers on guard for the increased regulatory scrutiny it has promised to bring to bear on climate change this year, as it named climate-related risks among its top priorities for the year.
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MSCI partners with GIST on impact data
12 January 2022Financial services giant MSCI has partnered with impact data specialist GIST to provide its clients with access to information on companies' positive and negative environmental and social impact.
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WBA requests feedback on nature benchmark
12 January 2022Investors and businesses have been invited to provide feedback on a methodology for assessing "the 1,000 most influential companies" worldwide on their contributions to nature and biodiversity-related UN Sustainable Development Goals (SDGs).
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Investors urged to cut environmental crime from value chains
12 January 2022Financial institutions have been told they can gain a "first-mover advantage" if they work to eradicate environmental crimes from their financing value chain, thereby avoiding likely reputation damage and potential litigation.
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DNB reveals extent of Dutch financial institutions' carbon emissions
11 January 2022Dutch financial institutions are estimated to have financed carbon emissions of at least 82 megatonnes (Mt) in 2019, according to analysis by the country's central bank.