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‘Misunderstood’ EU sustainability taxonomy is not straitjacket, says EIB
01 October 2018The European Commission’s proposed taxonomy on sustainability activities should not be misconstrued as an effort to impose a straitjacket on the market, according to a director at the European Investment Bank (EIB).
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$517 billion in rated debt exposed to immediate environmental credit risk, says Moody's
01 October 2018Unregulated utilities and power companies as well as coal mining and coal terminals—which have $517 billion in rated debt—have "very high" exposure to carbon regulation resulting in "immediate" environmental credit risk, said Moody's.
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Renewables projects have highest 'carbon yield', says Affirmative
01 October 2018Renewable energy projects generate greater carbon savings than other types of projects funded by green bonds, according to recent research.
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People Moves: Stockholm Sustainable Finance Centre, CalPERS and E3G
28 September 2018Magnus Billing, CEO of Sweden's pension fund Alecta, has been appointed as chair of Stockholm Sustainable Finance Centre's advisory board.
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Carney launches Climate Financial Risk Forum
28 September 2018The UK's Prudential Regulation Authority (PRA) is to step up its oversight of climate change after a survey revealed that only 10% of banks are treating the issue as a strategic risk.
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BMO starts examining companies' 'plastic footprints'
28 September 2018BMO Global Asset Management is working to introduce the concept of 'plastic footprints', similar to carbon footprints, to encourage companies to measure and disclose their plastic usage to investors.
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BlackRock in public-private venture to mainstream 'climate infrastructure'
27 September 2018BlackRock, with $6.3 trillion assets under management, has joined a group of public and private sector funders in an initiative which seeks to mainstream 'climate infrastructure' in emerging markets.
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ShareAction publishes recommendations for banking engagement
27 September 2018NGO ShareAction has published a list of climate-related themes on which investors can engage banks.
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Insured losses from typhoon Mangkhut could hit $2bn
27 September 2018Insured losses from typhoon Mangkhut in mainland China, Hong Kong and Macau are estimated to range between $1billion and $2 billion, catastrophe risk modeller AIR Worldwide has warned.
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Green bond round-up, 26 September 2018
26 September 2018The Asian Development Bank has issued a $750 million green bond – its first benchmark transaction denominated in USD since August last year.