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NGFS publishes portfolio management guide for central banks
18 October 2019The Network for Greening the Financial System (NGFS) has published a portfolio management guide for central banks.
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BNP Paribas Asset Management appointed by Nest to manage private credit portfolio
18 October 2019BNP Paribas Asset Management (BNPP AM) has been appointed to manage a diversified private credit portfolio on behalf of Nest, a UK-based workplace pension scheme.
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Central banks should remove market neutrality, says CBI
17 October 2019Central banks are being recommended to remove their doctrine of market neutrality in order to tackle climate change risks, according to a report by the Climate Bonds Initiative (CBI).
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Santander criticised for investments in Polish coal expansion
17 October 2019Spanish banking giant Santander has faced criticism for its investment in Polish state-run energy group PGE and Energa Group.
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UN's GISD aim 'to free up trillions of dollars' for SDGs
17 October 2019The UN's Global Investors for Sustainable Development (GISD) Alliance held its first meeting as it looks to 'free up trillions of dollars' from the private sector to finance the Sustainable Development Goals (SDGs).
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Axis Capital limits coal underwriting and investment
17 October 2019Lloyd’s re/insurer Axis Capital has announced a new thermal coal and oil sands underwriting and investments policy after weeks of speculation on the issue.
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Sustainalytics report shows ESG risks for Australian equity investors
17 October 2019Environmental, social and governance (ESG) research provider Sustainalytics has assessed areas in the Australian sector including energy and climate policy, and human rights in the supply chain.
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UK regulator prepares ‘comply or explain’ TCFD rules
17 October 2019The UK’s financial conduct watchdog will consult on new rules to encourage disclosure of climate-related risks by financial firms in early 2020.
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ESG adoption declines amid concerns of its merits, RBC survey
16 October 2019The rate of investors adopting environmental, social and governance (ESG) into their strategies has declined over the last year, according to a survey by Royal Bank of Canada General Asset Management (RBC GAM). RBC GAM also found investors who were unsure of the ability of ESG adoption to manage risk rose as did the percentage of those who believed an ESG strategy would perform worse than a non-ESG one.
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CBI says 2019 saw largest green bond spread compression
16 October 2019The first half of 2019 saw the largest average spread compression and oversubscription of green bonds for two-and-a-half years, according to the Climate Bonds Initiative (CBI).