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Fiduciary duty needs reform, says Share Action
06 March 2024 -
Biodiversity and climate targeted in ABP's €30bn impact investment pledge
06 March 2024Dutch pension fund ABP has identified climate and biodiversity solutions as key themes of a €30 billion impact investment drive.
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Phasing out fossil fuels requires new transition-away products, says Natixis
01 March 2024Innovative financial tools and products are needed to 'transition away' from fossil fuels and exit 'brown' activities, said Natixis CIB.
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State Street and JP Morgan leave CA100+
16 February 2024The world's biggest climate engagement initiative suffered a blow after two of its biggest signatories walked away.
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SIX adds climate data to ESG data offering
24 January 2024SIX, the operator of Swiss and Spanish stock exchanges, has added climate data to its ESG data offering.
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French regulator highlights lack of consistency and granularity in insurers' climate disclosures
22 January 2024French life insurers' climate disclosures relating to their investment strategies are heterogeneous, incomplete and lack granularity, according to the French prudential regulator, Autorité de Contrôle Prudentiel et de Résolution (ACPR).
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'Absurdly cheap' renewables firms present buying opportunity, says GMO
16 January 2024Clean energy firms are "ridiculously cheap", following a sell-off in recent months, according to GMO.
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Dedicated transition funds 'needed to drive change'
09 January 2024Dedicated "transition" strategies can help "preserve clarity" in the sustainable investment sector and drive real change in the economy, said Altius Asset Management (Altius AM),...
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Canada's central bank warns of negative impact of flooding on bank's balance sheet
22 December 2023 -
Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices
22 December 2023Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.
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EU building energy performance deal is 'game-changer' for renovation green bonds
20 December 2023The draft final agreement on the EU Energy Performance of Buildings Directive (EPBD) could trigger a "renovation wave" among European bank green bonds, according to Dutch lender ABN Amro.
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UK to study how it can be 'best place in the world' for transition finance
20 December 2023An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".
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Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns
19 December 2023Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.
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Call for EU to create 'taxonomy-aligning' benchmarks
13 December 2023The EU Platform on Sustainable Finance has proposed 'taxonomy-aligning' benchmarks that would select constituents based on the percentage of their investments in activities aligned with the EU's taxonomy.
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EU Parliament, Council reach building energy performance deal
08 December 2023
- CSDDD agreed, in watershed moment, but is weakened to 'shadow of former self'
- Sustainability in 2024: From net zero to a more holistic approach
- Sustainable Bonds Insight 2024
- Comment: Can natural capital become its own asset class?
- Nature in fiduciary duty debate is a 'rabbit hole', says Schroders
- ECB's Elderson urges banks to set transition plans to meet incoming regulation
- French SIF to give opinion on 'credibility' of Shell, Total and Glencore climate strategies
- Financial firms green bond lending disclosures 'need more detail'
- Iceland raises €750m from sovereign green bond debut
- Fidelity to focus on transition and executive pay this proxy season