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Saudi Arabia's Public Investment Fund invests $1bn in EV company
21 September 2018Saudi Arabia's Public Investment Fund (PIF) has agreed to invest over $1 billion in electric vehicle company Lucid Motors, as the country looks to diversify its revenues away from oil.
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Natixis proposes toolkit to tackle SDG-washing
21 September 2018Investors are "massively dissatisfied" with the way companies report their contributions to the UN Sustainable Development Goals (SDGs), according to Natixis.
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Comment: Driving disclosure
21 September 2018The best remedy for investors' carbon addiction is better quality information about companies' climate strategies, argues Daniel Klier
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BlackRock insurance report sees green bonds surge within larger ESG uptake
20 September 2018Insurers are expected to boost green bond investments in the next five years, as a majority has adopted environmental, social and governance (ESG) investment policies in North America and Europe, a BlackRock report said.
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Europe's moment to lead on green financial centres
20 September 2018Europe's financial centres are teaming up to mobilise the vast sums of capital needed to meet global climate targets. Under a new Europe-wide initiative, green financial centres are aiming to significantly accelerate the shift to sustainable finance.
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Bank loans for green project finance have lower default risk than non-green, finds Moody's
19 September 2018Project finance bank loans for green use-of-proceeds projects demonstrate a lower risk of default compared with non-green projects, according to a new report from Moody's Investors Service.
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Green bond round-up, 19 September
19 September 2018DZ Bank is planning to raise €250 million ($300 million) by issuing its first labelled green bond.
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Big four audit firms under spotlight on climate reporting
19 September 2018The ‘big four’ audit firms have been challenged to explain their failure to flag deficiencies in companies’ climate risk reporting.
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SGD1.2bn green loan for Singapore building issued
18 September 2018The first syndicated, secured green loan in South East Asia has been issued, raising SGD1.2 billion ($900 million) to help fund an environmentally-friendly green building in Singapore.
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Financial centres set out principles for sustainability taxonomies
18 September 2018The International Network of Financial Centres for Sustainability (FC4S) has set out ten principles that sustainability taxonomies should meet to avoid increasing transaction costs for financial institutions and to avoid policy confusion.