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Skeleton EU sustainability taxonomy unveiled
24 May 2018The European Commission today revealed the first concrete proposals under its ground-breaking sustainable finance action plan, including the bare bones of a taxonomy, which will underpin much of the development to come.
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ESG data has 'lost the plot when it comes to impact'
24 May 2018The environmental, social and governance (ESG) data industry has lost the plot when it comes to assessing sustainability and impact, a leading sustainability-focused fund manager has claimed.
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Carbon market eyes blockchain benefits
24 May 2018Blockchain technology could help grow the carbon credit market, while also making it more transparent and secure, according to advocates at the Innovate4Climate conference in Frankfurt.
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EU set to announce legislative proposals on sustainability taxonomy
23 May 2018The first legislative proposals on the European Union’s Sustainable Finance Action Plan will be released tomorrow, and are expected to give a firmer indication of its plans for its long-awaited taxonomy.
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News round-up, 23 May 2018
23 May 2018Other significant announcements relating to sustainable finance
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Carbon market sentiment strengthens
23 May 2018Sentiment about carbon prices is becoming increasingly bullish, but "a huge gap remains between current price expectations and what's needed to achieve the 2°C goal" set by the Paris climate agreement.
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CBI updates green bond water criteria to accommodate natural capital
23 May 2018Wetlands, watersheds and forests will become an acceptable use of proceeds for Climate Bonds Initiative (CBI)-certified green bonds under revised criteria.
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Green bond experts rebut GPIF charge they are a 'lose-lose' product
23 May 2018A valuable benefit of green bonds is that they enable fixed income investors to 'engage' with issuers on topics such as climate change, as is already common practice in the equity markets, according to Frederic Samama, co-head of institutional clients coverage at Amundi Asset Management.
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Top investors put pressure on Shell, but climate resolution rejected
22 May 2018Royal Dutch Shell faced mounting pressure from investors to set concrete targets to reduce greenhouse gas (GHG) emissions at its annual general meeting (AGM) but a climate-related shareholder resolution was rejected.
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QBE commits A$100m to impact investing
22 May 2018QBE Insurance Australia, the domestic arm of Australia-based underwriter QBE, is to invest A$100 million ($75.2 million) to impact investing globally, via instruments such as green and social impact bonds.