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Six Danish investors leave PRI, blaming governance issues
13 December 2013Six Danish pension funds have exited the UN-backed Principles for Responsible Investment (PRI), accusing the organisation of not meeting "basic requirements for good corporate governance".
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Danish pension fund invests in wind project through export credit agency
11 December 2013Pension fund PFA has invested DKK240 million ($45 million) in an Irish wind farm through Danish export credit agency EKF.
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UBS fund takes 50% stake in EDF's Texan wind farm
11 December 2013UBS International Infrastructure Fund is to buy a 50% equity stake in a 161MW Texas wind farm from EDF Renewable Energy for an undisclosed sum.
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IIRC launches integrated reporting framework
10 December 2013A framework to help companies expand their reports beyond financial metrics and include measures of sustainability has been launched, marking "an important milestone" in the evolution of 'integrated reporting'.
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EIB makes €50m equity investment in renewables fund
09 December 2013The European Investment Bank (EIB) has committed €50 million ($69 million) to a fund that invests in European renewable energy.
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'Responsibility reporting is now mainstream, but still not linked to performance'
09 December 2013The majority of big companies produce Corporate Responsibility (CR) reports but only 5% are linked to financial performance, leaving them open to accusations that they are merely 'greenwash', an event to mark the launch of a new study heard.
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Bloomberg attempts to quantify risk of 'stranded assets'
09 December 2013A tool to help investors and companies quantify the potential risk they face if fossil fuel assets become 'stranded' as a result of government action to combat climate change, has been launched by Bloomberg.
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Subsidy confirmation fuels share hike for biomass-burning plant
06 December 2013One of Europe's largest coal-burning power plants could convert all of its units to burn biomass, in a move that would boost its operator's share price by more than 50%, after the UK government confirmed the level of subsidy support for the technology, analysts have claimed.
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Investors warn palm oil companies and financiers on climate change risks
05 December 2013A $270 billion investor coalition has called for palm oil producers and their financiers to adopt policies to ensure they do not contribute to climate change.
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Sustainable Development plans $200m UK-China fund
04 December 2013UK-based investment and advisory company Sustainable Development Capital LLP (SDCL) is planning a $200 million fund to promote energy efficiency in both China and the UK.