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Investors to divest $920bn from fossil fuels
14 October 2019Institutional investors with $5.9 trillion in assets under management (AUM) are planning to divest 15.6% of their capital, $920 billion, from fossil fuels over the next ten years, according to a report by Octopus Investments
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Largest fund managers oppose four-fifths of climate-related shareholder motions
14 October 2019Fund managers BlackRock and Vanguard have opposed or abstained on average over 80% of climate related shareholder motions between 2015 and 2019.
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Swedish insurer introduces transition criteria to coal divestment policy
14 October 2019Swedish mutual insurer Länsförsäkringar has tightened the exclusion threshold for its fossil fuel company investments, while introducing criteria to identify thermal coal firms converting operations in line with the Paris Agreement on climate change.
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People moves: Impax, Morgan Stanley, GKB, Osmosis, BlackRock
14 October 2019Impax Asset Management has recruited Casey Forester to its private equity infrastructure strategy's sales team.
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Solactive releases ESG screened green bond index
14 October 2019German index provider Solactive has released its first ESG screened green bond index and partnered with Lyxor Asset Management, to launch an exchange traded fund (ETF).
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Enel's SDG-linked bond strategy 'doesn't mark the demise of the green bond market'
11 October 2019Banks and investors have dismissed claims that the green bond market faces an uncertain future following the issue of Enel's €2.5 billion Sustainable Development Goals (SDG) linked bond.
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London Stock Exchange launches Sustainable Bond Market and Green Economy Mark
11 October 2019The London Stock Exchange has added a Sustainable Bond Market segment to its exchange, and has devised a label to help identify green equities.
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Aberdeen Standard Investments to construct its own climate scenarios
10 October 2019Aberdeen Standard Investments (ASI) is to build its own climate scenarios to help it better understand the potential impacts of global warming on its investments.
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Green bond round-up, 9 October 2019
09 October 2019PepsiCo announces inaugural $1bn green bond
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BlackRock creates circular economy fund in partnership with Ellen MacArthur Foundation
09 October 2019BlackRock, the world's largest asset manager, has partnered with sustainability focused charity the Ellen MacArthur Foundation to launch the BGF Circular Economy Fund.
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