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Australia launches HLEG-style sustainable finance initiative
27 March 2019A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.
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Principles for Responsible Banking launched with backing of 28 banks
26 November 2018The launch of a set of six principles seeking to commit banks to align with both the Paris Agreement and the UN’s Sustainable Development Goals (SDGs) has been hailed as a ‘global benchmark for sustainable banking’.
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Banks report on TCFD-linked pilot study into physical risks
17 July 2018A scenario-based approach to help banks estimate the climate-related physical risks in their loan portfolios has been published in response to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
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Green bond round-up, 20 June, 2018
20 June 2018ESG investors flock to Australian SDG bond National Australia Bank (NAB) has issued its first 'green SDG bond' which it said aligns with the Green Bond Principles while also contributing to the UN's Sustainable Development Goals (SDGs).
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TCFD guidance for banks launched
26 April 2018Guidance was today launched to help banks assess and report the 'transition risks' in their loan books, as recommended by the Task Force on Climate-related Financial Disclosures (TCFD).
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Olam secures Asia's first sustainability-linked club loan facility
26 March 2018Agri business Olam has signed a three-year sustainability-linked revolving credit facility, aggregating $500 million of loans.
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Banks could face pressure to issue more green bonds, S&P says
05 March 2018Banks may face pressure from investors and their peers to ramp up their efforts in the green bond market, according to S&P Global Ratings.
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Green bond round-up, 14 February 2018
14 February 2018National Australia Bank (NAB) has issued the country's first residential mortgage-backed security (RMBS) that includes a green tranche certified by the Climate Bonds Initiative (CBI).
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Allianz, KB Financial and Westpac named sustainability leaders
06 February 2018German insurer Allianz, Korean bank KB Financial and Australia's Westpac Banking Corp are the top financial sector performers in terms of corporate sustainability, according to Swiss asset manager RobecoSAM.
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TRIG enters offshore wind with £80m investment
02 January 2018UK-listed yieldco The Renewables Infrastructure Group (TRIG) has broken into the offshore wind market with an £80 million ($108 million) investment in the Sheringham Shoal project.