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Green Bond round-up, 26 July 2017
26 July 2017IFC to issue first 'Kauri' New Zealand green bond
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Macpherson promoted at S&P Global
26 July 2017Martina Macpherson has been promoted to head S&P Global Ratings' new environmental, social and governance (ESG) research and analysis unit.
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Union Investment grows sustainable funds to €30bn
26 July 2017German investment manager Union Investment has grown the assets in its sustainable funds to €30 billion ($34.9 billion), an increase of about €9 billion on 2016.
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UK university pension fund buys into Thames Water
25 July 2017The Universities Superannuation Scheme (USS) pension fund has bought a 10.9% stake in Thames Water's holding company.
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'Big four' Australian banks slammed for fossil fuel backing
25 July 2017Australia's 'big four' banks have invested AUD17 billion ($13.5 billion) in fossil fuel extraction projects since they committed to keep global warming to well below 2°C, Australian environmental pressure group Market Forces has said.
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Insurance supervisors support climate risk disclosure guidance
25 July 2017Insurance supervisors and regulators in 16 jurisdictions have welcomed guidance on climate change risk disclosure developed by the Task Force on Climate-related Financial Disclosures (TCFD).
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CDP report says Vedanta "markedly out of line" on climate risk
25 July 2017A CDP report says as much as $16 billion in emissions costs is being generated in the value chains of mining giants, including Vedanta Resources and Freeport McMoRan, as they fail to manage their own climate risk.
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Morningstar takes minority stake in Sustainalytics
25 July 2017Investment research firm Morningstar has strengthened its links with Sustainalytics by taking a 40% ownership stake in the company. Financial details were not disclosed.
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University issues Australia's first sustainability bond
25 July 2017Australian Catholic University (ACU) has issued a AUD200 million ($159 million) sustainability bond which is claimed to be the first to be issued globally in alignment with June's Sustainability Bond Guidelines.
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UK's £246m plans to jolt battery industry into life
24 July 2017The UK Government plans to jolt new life into its battery storage industry, with a £246 million ($320 million) investment to make it a world leader.