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EEX and CBEEX sign MoU on carbon market partnership
23 October 2017The China Beijing Environmental Exchange (CBEEX) has signed a memorandum of understanding with the European Energy Exchange (EEX) to form a partnership for the development of the Chinese carbon market.
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Equator Principles' banks face calls for drastic revisions
23 October 2017Bank signatories of the Equator Principles are under pressure from campaigners to agree to a major revision of the standards, as their annual meeting convenes in Sao Paulo.
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UK regulator accused of failing investors on climate change
23 October 2017The UK's Financial Reporting Council (FRC) is increasing the risk to investors by its "failure to effectively oversee and enforce climate risk reporting", according to environmental law group ClientEarth.
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TCFD not incompatible with ERISA, says Baker McKenzie
23 October 2017The recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) are not incompatible with the Employee Retirement Income Security Act (ERISA), says Baker McKenzie.
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Swiss Re expects claims of $3.6bn from hurricanes and earthquakes
23 October 2017Swiss Re has said its claims burden from recent US hurricanes and Mexican earthquakes will be $3.6 billion, the highest estimate from any underwriter except for the Lloyd's of London market.
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CIP completes £250m refinancing of two biomass plants
20 October 2017Energy and infrastructure fund manager Copenhagen Infrastructure Partners (CIP) has refinanced its investment in two UK biomass plants, securing £250 million ($330 million) in senior debt.
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People Moves: MSCI, WBCSD
20 October 2017MSCI has recruited Panos Seretis as executive director and head of environmental, social and governance (ESG) Research for Europe, the Middle East and Africa (EMEA).
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SocGen launches ESG Quality and ESG low-carbon indexes
20 October 2017Societe Generale has launched two environmental, social and governance (ESG) indexes - one uses an innovative 'ESG consensus' approach, and the other combines ESG and low carbon.
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PiP raises £20m to refinance 30MW of solar
20 October 2017UK infrastructure investor the Pensions Infrastructure Platform (PiP) has raised £20 million ($26.4 million) in debt to refinance six solar farms in the country owned by its Multi-Strategy Infrastructure Fund (MSIF).
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Aberdeen Standard Investments launches impact fund
20 October 2017Aberdeen Standard Investments has launched its first impact investment-focused fund. The fund is also its first since it was created through the merger of Standard Life Investments and Aberdeen Asset management.