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Dutch financial firms take action on carbon footprint
13 December 2017Twelve Dutch financial institutions have developed a methodology for measuring the carbon footprint of their investments and loans.
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Talanx plays dealmaker in $1bn debt financing of offshore wind farm
13 December 2017Talanx has co-ordinated at least 10 institutional investors to commit €832 million ($980 million) of debt finance for a North Sea wind farm, marking the second time the German insurer clubbed like-minded institutions together.
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TCFD garners support from wide range of corporates and investors
13 December 2017Support for the Task Force on Climate-related Financial Disclosures (TCFD) from companies, and investors has grown strongly since the group published its final recommendations in June, its chairman Michael Bloomberg said.
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$300m fund launched to combat land degradation
13 December 2017Mirova, the sustainable investment arm of French bank Natixis, has formally launched the Land Degradation Neutrality Fund (LDNF) which it has been developing with the UN Convention to Combat Desertification (UNCCD) since 2015.
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Axa targets €12bn of green investments and dumps coal and oil sands projects
12 December 2017Axa has quadrupled its green investment target and said it plans to divest €2.4 billion ($2.8 billion) from coal-related companies, as it ramps up its efforts to fight climate change.
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$26trn of investors sign up to climate engagement initiative
12 December 2017More than 200 global institutional investors with over $26.3 trillion in assets have joined forces in a collaborative engagement initiative to drive swifter corporate action on climate change.
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European Commission 'looking positively' at lower capital charges for green loans
12 December 2017The European Commission is favourably disposed to the possibility of lowering capital charges on bank loans for climate-friendly projects, according to its vice president, Valdis Dombrovskis.
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ING targets "close-to-zero" coal exposure by 2025
12 December 2017ING has introduced a "sharpened" coal policy that will see the bank gradually phase out nearly all lending to coal-related businesses by 2025.
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Major investors demand more action from ESG index providers
12 December 2017Equity index providers were urged by two of the world's largest investment organisations to develop more 'useable' indexes based on environmental, social and governance (ESG) issues.
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China gets tough with corporate polluters
12 December 2017From 2018, the Beijing government is to insist that all listed companies and bond issuers in China disclose the environmental risks associated with their operations or explain why they are not doing so.