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Innovation increases in static market
15 December 2016While Hurricane Matthew attracted most attention, 2016 also saw some significant innovation in the cat bond market, says Joe Walsh
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Market will decide what climate scenarios to use, says Bloomberg
15 December 2016It is up for the market to decide how best to implement the Financial Stability Board's (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and which climate-related scenario to deploy, said Michael Bloomberg, chairman of the report.
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Poland issues green bond market's first sovereign bond
15 December 2016Poland has priced a €750 million ($790 million) green bond, stealing a march on other countries such as France and Nigeria to become the first sovereign to tap the market.
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Alliance Trust sells ESG-focussed investment arm to Liontrust
15 December 2016Alliance Trust plc has sold its in-house, sustainability-focused, investment manager Alliance Trust Investments (ATI) as part of a strategic restructuring set to see the investment trust reduce its focus on environmental, social and governance (ESG) considerations.
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Green bond round up
15 December 2016German development bank KfW has confirmed its intention to continue as a major issuer and investor in the green bond market next year.
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TCFD Reaction: 'Turning point for climate disclosure'
14 December 2016The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
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Task Force issues specific guidance for the financial sector
14 December 2016A key aim of the FSB Task Force is to encourage disclosures that "would enable stakeholders to understand better the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks."
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TCFD's long-awaited report revealed
14 December 2016After a year of intensive work, the Task Force on Climate-related Financial Disclosures (TCFD) today laid out its eagerly-awaited recommendations designed to help standardise and mainstream considerations about the impacts of climate change on companies.
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Organisations should use existing climate scenario analysis or develop their own, says TCFD
14 December 2016Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).
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RECs in reverse
14 December 2016This year has seen a reversal of fortunes for some renewable energy certificate (REC) markets, with some of last year's best performing US markets seeing big price drops, while EU and Australian markets saw record gains. Hamza Ali reports