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EXCLUSIVE: EU's TEG broadens taxonomy to include 'transition' activities
31 May 2019The EU's Technical Expert Group on Sustainable Finance (TEG) has broadened the scope of its taxonomy to include activities that help transition to a net-zero economy by 2050, in a move that opens the door to some fossil fuels and internal combustion engines, Environmental Finance has learned.
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$7bn of Chinese soy chain capital ‘exposed to deforestation risk’
31 May 2019Chinese financial institutions have been urged to manage their exposure to deforestation risks, after a study found that about $7 billion in bond and share issues by companies in the country’s soy supply chain are exposed.
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STOXX expands its range of ESG-X Indexes
30 May 2019STOXX has expanded its range of environmental, social and governance (ESG) themed indexes.
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Agriculture giant pens $750m sustainability-linked loan
30 May 2019Agricultural goods firm Louis Dreyfus Company (LDC) has tied the interest rate on a $750 million loan in North America to its performance on sustainability criteria, and plans to replicate this with existing loans in other markets.
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US green bank investment reaches $3bn
30 May 2019Cumulative investment ‘caused by’ green banks in the US has exceeded $3 billion for the first time, according to a report by The Coalition for Green Capital (CGC).
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EIB partners with big name investors on clean energy fund
29 May 2019A €100 million ($111 million) investment fund that aims "to bring radically new clean energy technologies to the market" has been launched by the European Commission, the European Investment Bank (EIB) and a private venture chaired by Bill Gates.
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Bonds round-up: KfW, Nordea, Indiana Finance Authority, Entra ASA, Atrium Ljungberg and more...
29 May 2019The German development bank has now issued 23 green bonds, from which it has raised almost $21 billion.
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NN Group announces restrictions on coal-related underwriting
29 May 2019NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.
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South Africa enacts carbon tax to help meet Paris goals
29 May 2019South Africa, the largest contributor to fossil fuel emissions in Africa, has enacted a new carbon tax to lower greenhouse gas (GHG) emissions in line with targets laid out in the 2015 Paris Agreement.
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LGIM expands range of ESG funds
29 May 2019Legal & General Investment Management (LGIM) has added two sustainable investment funds to its £3.2 billion ($4.1bn) Multi-Index range.
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