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CalPERS throws its weight behind US ESG disclosure proposals
16 July 2019The largest public pension fund in the US has backed proposals that would require every public company in the US to disclose its exposure to environmental, social and governance (ESG) risks.
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Almost all CA100+ power utilities at risk of stranded assets
16 July 2019Most of the world’s largest power utilities that have coal capacity are at risk of making the transition to a low-carbon transition in a disorderly manner, potentially compromising tens of billions of dollars in shareholder value, the Carbon Tracker Initiative has found.
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DWS launches ‘sustainable’ corporate bond fund
15 July 2019German asset manager DWS has launched a ‘sustainable’ mutual fund focusing on investment grade corporate bonds from the Eurozone.
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US regulator to create climate risk expert group
12 July 2019The regulator of the US’ futures and options markets has issued a call for applications to a group that will examine ways to mitigate climate-related financial risk.
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US ‘sustainable’ funds smash annual record inflows in six months
12 July 2019US open-end and exchange-traded funds (ETFs) labelled ‘sustainable’ have smashed the previous annual record for inflows in just six months, marking a stellar start to 2019.
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Eastern Europe ‘the place to be’ for renewables investment
11 July 2019Renewable energy infrastructure projects in Eastern Europe are becoming increasingly attractive for investors in the sector, a German fund manager has said.
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Leading ESG funds not focusing investment in top-rated companies
10 July 2019The funds with the best ratings on environmental, social and governance (ESG) factors do not tend to focus their investments in companies with the highest ESG ratings, MSCI research has found.
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EU taxonomy eligibility criteria ‘extremely stringent’, says Natixis
10 July 2019‘Transition activities’ included in the EU’s sustainability taxonomy have been described by French bank Natixis CIB as “extremely stringent”, in a report designed to assess the taxonomy’s usability.
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‘Clear need’ for more consultants to help meet EU taxonomy needs
08 July 2019There is a “clear need” for more consultancy firms to help financial institutions and corporates meet the requirements of the EU’s climate-related taxonomy, according to London-based law firm Linklaters.
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Green and sustainability loans: the growth accelerates
01 July 2019The green and sustainability-linked loan market grew exponentially last year. The next growth spurt could be driven by emerging markets, Michael Hurley writes