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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.
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TCFD exceeds target of 500 supporters
26 September 2018A total of 513 organisations have now expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), beating the secretariat's target of 500 by the end of this year.
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Green bonds lie in insurers' sweet spot, says BlackRock
26 September 2018More insurers should consider investing in green bonds, as they are suitable for meeting their investment objectives while helping avert climate risk, according to BlackRock.
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Standard Chartered to cease financing new coal-fired power stations
25 September 2018Standard Chartered has announced that it will stop financing any new coal-fired power projects, in any location, as part of its commitment to support the Paris Agreement on climate change.
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GPIF adopts S&P carbon efficient indexes for ESG strategy
25 September 2018Japan's Government Pension Investment Fund (GPIF) has selected two new indexes from S&P Dow Jones Indices (S&P DJI) as benchmarks for JPY1.2 trillion ($10 billion) of equity investments managed according to environmental, social and governance (ESG) criteria.
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RMS predicts up to $5bn insured losses from Florence
25 September 2018Insured losses from hurricane Florence, which caused widespread devastation across North Carolina earlier this month, will range between $2.8 billion and $5 billion, according to catastrophe risk modelling firm RMS.
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Aviva backs initiative to monitor corporate progress on SDGs
25 September 2018A coalition of public and private sector stakeholders, including UK insurer Aviva, have launched the World Benchmarking Alliance (WBA), with the aim of helping businesses do more to achieve the UN Sustainable Development Goals (SDGs).
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EU carbon market update, 24 September 2018
24 September 2018Further volatility in the price of EU Allowances (EUAs) is to be expected for the rest of the year, says Louis Redshaw
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Q&A with Aviva's Maurice Tulloch on Insurance and Climate Risk
24 September 2018To coincide with our Insurance & Climate Risk Americas conference, Environmental Finance conducted a Q&A interview with keynote speaker Maurice Tulloch, CEO, international insurance, at Aviva.
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Comment: Could Warren Buffett be wrong?
24 September 2018Peter Cripps asks whether the great Warren Buffett could have been wrong when he said insurers don't need to worry about climate change.