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'Ground-breaking' FMLC report classifies fiduciary duty for pension funds
07 February 2024The Financial Markets Law Committee (FMLC) has issued a report intended to provided clarity on how climate and sustainability considerations can be integrated by pension fund fiduciaries.
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US West Coast insurers face up to $40bn in climate-related losses
07 February 2024An analysis of the investments of insurers licensed in the US West Coast has found climate change could create losses of up to $40 billion for their corporate bond portfolios.
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Sustainable bond fund universe expands to more than 100
07 February 2024A spate of fund launches pushed the number of vehicles specialising in labelled sustainable bonds past the 100 mark, research by Environmental Finance has revealed.
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NBIM creates net zero target tracker to bolster climate engagement
07 February 2024The manager of the world's largest sovereign wealth fund has said it will step up scrutiny of companies' net zero plans and push them to meet climate targets, as it revealed new ways it will track net zero targets and the impact of its own climate engagement.
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Investment groups urge EU to delay changes to SFDR
07 February 2024European investment groups have urged the European Commission to delay proposed changes to the Sustainable Finance Disclosure Regulation (SFDR), as they warned of a risk to investor confidence in the regime and to the reliability of disclosures.
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EU agrees ESG ratings regulation text, plans to consider extending it to ESG data
06 February 2024The EU has agreed the text for regulating providers of ESG ratings and said it will in future review whether to extend the regulation to cover providers of ESG data products.
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ESG fund launches in 2023 'down but not out', says Barclays
06 February 2024The number of environmental, social and governance (ESG) fund launches fell sharply in 2023, with passively managed funds bearing the brunt of the slowdown.
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Energy companies 'failing to shift away from fossil fuels', warns Sustainable Fitch
06 February 2024Energy companies have made "limited progress" towards hitting their net zero carbon targets, Sustainable Fitch has warned, with just one of 12 firms assessed awarded a 'green' rating.
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Nordic companies struggling to set 'credible' nature targets, Danske Bank says
06 February 2024The majority of large companies based in the Nordics are struggling to develop credible targets or policies to manage their impact, Danske Bank Asset Management (DBAM) has said.
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Rise of climate solutions is blurring lines between industries, AI analysis suggests
06 February 2024Companies are investing more in 'climate solutions' such as battery storage and energy efficiency, in a trend that is increasingly "blurring the lines" between industries and bringing into question whether financial analysts can rely on historical assumptions, according to analysis of disclosures.
- Human rights impacts should be part of nature disclosure
- Comment: Please stop talking about David Attenborough
- Using the SDGs to invest in sovereign debt
- AI data centre sustainable debt spurs innovation - and risk
- Sovereign 'tension' with corporate sustainable bond investments needs addressing
- Lloyds launches UK food and nature resilience fund
- Allianz & Zurich launch blended finance investment company
- US-Iran conflict shows NGFS assumptions 'don't hold' amid fragmented transition
- RGREEN Invest raises €500m for fourth infrastructure debt fund
- ING remains upbeat on sustainable debt, despite slow start to year