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ESG indexes: in the sweet spot
20 September 2017Billions have flowed into funds tracking ESG indexes or low-carbon indexes in recent months. What are the innovations that will drive further growth, asks Peter Cripps
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NZ Super moves $10bn passive equities to low-carbon
16 August 2017New Zealand Super Fund has shifted its NZ$14 billion ($10 billion) global passive equity portfolio into a low-carbon strategy.
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CBA to face shareholder resolution on climate commitment
14 August 2017A shareholder resolution will be lodged against Commonwealth Bank of Australia (CBA) to protest against its climate change position statement, which was branded a failure that "falls well short" of the bank's climate commitments.
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Contact Energy launches $1.3b green borrowing initiative
14 August 2017New Zealand utility Contact Energy has created a 'green borrowing programme' to provide NZ$1.8 billion ($1.3 billion) of funding for renewables projects.
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IFC discloses details of first green 'Kauri' bond
27 July 2017The first green bond from the International Finance Corporation (IFC) to be denominated in New Zealand dollars will be a ten-year issue for a minimum of NZD100 million ($75 million), the issuer said.
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Green bond comment: April was all about innovation and infrastructure
03 May 2017April was a solid month for green bond issuance, raising some $5.6 billion. That figure is up on the $5.3 billion for the same month last year, mainly thanks to a RMB15000 ($2.2 billion) from Bank of Beijing, the biggest Chinese green bond of the year.
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Australian banks shine in RobecoSAM ratings
24 January 2017Just six financial institutions have been awarded 'gold stars' in RobecoSAM's 2017 Sustainability Yearbook, and three of them were Australian banks.
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Banks making progress on combating climate change
17 January 2017Banks have made considerable progress in addressing climate risks and opportunities in their business practices to align with a 2°C global warming target, but it is still not enough, according to a new report.
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Rayonier eases interest burden of joint venture with Phaunos
10 August 2015Rayonier, a major US timberland investor, has agreed to inject about $160 million from an existing term loan facility to pay off the debts of the Matariki Forestry Group, its New Zealand joint venture with the Phaunos Timber Fund.
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Northern Trust wins ESG fixed income mandate
14 July 2015Northern Trust has been awarded a fixed income mandate with environmental, social and governance (ESG) exclusions by New Zealand's NZ$29 billion ($19.5 billion) sovereign wealth fund.