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UAE eyes its own sustainability taxonomy
17 January 2020The regulatory authorities of the United Arab Emirates (UAE) have published national Guiding Principles on Sustainable Finance, which include basic information on a proposed sustainability taxonomy for the country.
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BlackRock announces expanded sustainable investment measures
14 January 2020BlackRock has pledged to make sustainability its "new standard of investing," as it announced sweeping changes to its practices, including reducing exposure to thermal coal firms.
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SustainAbility awarded Commission contract for ESG ratings research
10 January 2020SustainAbility was awarded a €224,000 ($249,000) contract by the European Commission to undertake a study on environmental, social and governance (ESG) ratings and research.
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Carney: Financial sector moving too slowly on climate
30 December 2019The global financial sector is moving too slowly to curb the negative impacts of climate change, the governor of the Bank of England has said.
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One fifth of CalPERS portfolio is highly exposed to climate risk
27 December 2019The largest public pension fund in the US has reported that a fifth of its portfolio is among those sectors most exposed to climate change risks.
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IIF urges NGFS to help standardise climate risk analysis
23 December 2019The Central Banks and Supervisors' Network for Greening the Financial System (NGFS) has been urged to align approaches to assessing climate risk, including scenario analysis.
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BoE widens climate risk stress test to banks
18 December 2019The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.
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Cubico sells stake in UK wind and solar portfolio
12 December 2019Renewables firm Cubico Sustainable Investments (Cubico) has agreed to sell a 49% equity stake in its UK operational wind and solar portfolio to GLIL Infrastructure (GLIL), the £1.8 billion infrastructure fund backed by Northern Local Government Pension Scheme and Local Pensions Partnership.
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CBI criticised for hydropower accreditation proposal
11 December 2019The Climate Bonds Initiative (CBI) has been called on by a group of more than 200 civil society organisations to abandon its proposed green bond standard for hydropower projects.
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EU agreement will make Taxonomy 'much more extensive in scope'
06 December 2019A provisional agreement by the EU on the structural outline of its Taxonomy of sustainable activities has significantly broadened its scope and answered critics who suggested it would be too 'niche', according to a member of the team tasked with helping devise it.