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Bonds round-up: TenneT, Philips, NWB, LBBW, Avangrid and more...
22 May 2019SFIL, a state-owned lender to French local authorities, has issued a €1 billion ($1.1 billion) social bond, following a similar transaction by its Caffil subsidiary in February 2019.
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BNP Paribas Asset Management includes Asia in tightened climate voting guidelines
22 May 2019BNP Paribas Asset Management (BNP Paribas AM) has strengthened its climate voting guidelines and will also begin to apply them to Asia-based companies from 2020.
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UK regulator advises insurers on physical risks from climate change
22 May 2019The UK's Prudential Regulation Authority (PRA) has collaborated with the insurance industry to produce a framework to help general insurers understand the potential financial impacts from physical climate change risk.
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Hong Kong and Netherlands give green bond market $7.7bn boost
22 May 2019Hong Kong and the Netherlands have given the green bond market a $7.7 billion boost, with both nations issuing inaugural sovereign green bonds on the same day.
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BP climate change resolution passes with 99% support
22 May 2019A shareholder resolution calling on BP to prepare a business strategy consistent with the 2015 Paris Agreement on climate change secured 99.14% of votes at the oil giant's annual general meeting.
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Generation Investment Management closes $1bn impact investing fund
22 May 2019Generation Investment Management LLP (GIM) has closed its $1 billion impact investment fund, Sustainable Solutions Fund III.
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Voltalia signs €100m sustainability-linked loan
21 May 2019French power producer Voltalia has signed a €100 million ($112 million) sustainability-linked loan, which the company claims is the first such deal by a pure-play renewables company.
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GIIN launches revamped investment impact managing system
21 May 2019A new tool aims to help investors better measure the impact of their activity, representing a "huge leap forward" for the industry.
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Sovereign green bonds are here to stay, says Ireland's NTMA
21 May 2019Green bonds will become a critical part of the sovereign fixed income market because they will help investors judge a country's strategy to shift to a low-carbon economy, according to Ireland's National Treasury Management Agency (NTMA).
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Coal utilities boosted by €16bn since Paris Agreement, say NGOs
21 May 2019Eight financial institutions have given Europe's 'most polluting utilities' almost €16 billion ($17 billion) in support since the Paris Agreement was signed in December 2015, a new briefing by NGO Europe Beyond Coal has found.