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Hurricane trading to hit US exchanges
01 March 2007Reinsurance companies have a new way of transferring catastrophe (cat) risk to the capital markets, with the listing this month of futures and options contracts linked to hurricane intensity and property damage.
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New climate risk reporting initiative launched
01 March 2007Some of the leading organisations promoting climate change-related corporate disclosure have come together in a new initiative that aims, ultimately, to see carbon firmly embedded within company report and accounts.
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People moves this month
01 March 2007Fund – a fund-of-funds vehicle that will make sustainable investments in the global timber sector. The fund is aimed at institutional investors in the UK and northern Europe.
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1.25 billion of "sustainability" VC raised – Eurosif
01 March 2007Around €1.25 billion of "venture capital for sustainability" has been raised by European venture capitalists (VCs) as of September 2006, according to a report from the European Social Investment Forum.
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Global roundtable calls for mid-century carbon targets
01 March 2007The Global Roundtable on Climate Change (GROCC), involving 80 companies and institutions, has called on governments to put a price on carbon and set mid-century reduction targets.
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Philips 'green' sales reach €4 billion
01 March 2007Royal Philips Electronics has reported €4 billion of sales last year of its 'green' products, such as energy efficient lighting and televisions.
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FTSE4Good sets out climate criteria
01 March 2007Companies will have to meet a new set of climate change criteria or face expulsion from the FTSE4Good socially responsible investment (SRI) index family. Criteria include developing a climate change policy, emissions disclosure, and emissions reduction targets.
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China struggles to boost energy efficiency
01 February 2007China is losing the battle to improve the poor energy efficiency of its factories and power stations – despite increasing official recognition that the country has paid an appalling environmental price for its dramatic economic growth.
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Climate changes in Congress, despite Bush
01 February 2007President George Bush made a brief mention of global warming in his State of the Union address, but legislators are not awaiting his cue as they introduce a flurry of bills on greenhouse gases and biofuels.
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Calvert ramps up activism
01 February 2007Real estate developers are among the companies to be targeted by US asset manager Calvert, as it steps up its shareholder activism in 2007.