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ESG initiatives by exchanges on the up, survey says
24 April 2019Nearly all exchanges (90%) have some form of environmental, social and governance (ESG) initiative, an increase on 2017's 88%, according to the World Federation of Exchanges (WFE).
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EU carbon market update, 23 April 2019
23 April 2019There were small gains for carbon last week, continuing the recent bull run, albeit only just. The week closed up 31c at €26.89 having been in 'holiday mode' for much of the week. We went into the week with a bullish outlook based on the low auction supply but expected some risk-off trading by long speculators as we approached the Easter weekend, and so it transpired. There were three days of gains followed by a decline on the fourth day with traded volumes tailing off as the week progressed.
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WCI carbon market update, 23 April 2019
23 April 2019Last week, the price rally in California Carbon Allowances (CCAs) continued for the fifth consecutive week. Front month prices rose by $0.15 to $16.81 (+0.90%), and the price of December 2019 allowances increased by $0.11 ending at $17.43 (+0.64%). In CAD, CCA* V19 front month increased by CAD0.29 closing at CAD22.50 (+1.31%), and Dec-19 increased by CAD0.23 closing at CAD23.32 (+1.00%). The volume of CCAs traded fell from 29,401kt to 8,595kt, and the CCA total open interest increased by 2Mt to 162.6Mt.
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Talanx withdraws from coal-based risks
23 April 2019Talanx Group, the parent firm of Hanover Re, is the latest in the growing ranks of insurers to distance itself from the coal industry.
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'Varying understanding' of SDGs across the globe, says Hermes
23 April 2019The need to be more socially conscious is on the rise across the globe, but driving forces vary between countries, according to Hermes Investment Management.
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Pimco claims success in push for more SDG bonds
23 April 2019Investment giant Pimco is claiming success in its campaign to encourage more issuance of bonds linked to the UN's Sustainable Development Goals (SDGs).
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FMO increases 2019 impact investments target
23 April 2019Dutch development bank FMO has revealed plans to increase its impact investments in emerging markets in 2019, to €2.9 billion ($3.3 billion).
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Europe's March cyclone estimated to cost insurers €740m
23 April 2019Estimated insured losses from last month's cyclone Dragi-Eberhard will be €740 million ($833 million), according to catastrophe insurance data provider Perils.
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BMO GAM's SDG fund on the power of engagement
22 April 2019Jamie Jenkins of BMO Global Asset Management (GAM) speaks to Elena K. Johansson about how its fund creates value by talking with companies about making their businesses more sustainable.
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Land of the rising green bond
19 April 2019After a year of stellar growth, what are the prospects of Japan's green bond market, asks Elena K. Johansson