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EU SFDR response raises 'legitimate' greenwashing concern
08 February 2022The market response to the EU Sustainable Finance Disclosure Regulation (SFDR) from asset managers has "led to confusion and greenwashing concerns", warned Morningstar.
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Mirova presses scandal-hit Orpea to adopt ESG mission
08 February 2022Mirova has written to the chairman of Orpea asking the scandal-hit care home provider to overhaul its corporate governance by formally agreeing a mission to ensure its contribution to society and the environment.
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SBTi, CDP refute net-zero standards criticism
08 February 2022The methodology in a report criticising net-zero standard setters has been called into question by the Science-Based Targets initiative (SBTi) and CDP.
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Impact reporting: a work in progress
08 February 2022Green bond impact reporting growing significantly, but problems remain, an Environmental Finance webinar heard. Genevieve Redgrave reports
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Oceans fund swells to €95m
08 February 2022A €43 million ($49 million) fundraise has almost doubled the size of a 'Blue Oceans Fund' targeting investment to tackle ocean pollution, overfishing and climate change.
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Axa launches short-duration green bond fund
07 February 2022Axa Investment Managers (Axa IM) has launched an £11 million ($15 million) short-duration green bond fund, shortly after it added its second dedicated green bond fund to its product line.
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S&P: ESG concerns are more than twice as likely to lead to downgrade
07 February 2022Bonds earmarked for a 'potential credit rating downgrade' because of environmental, social or governance (ESG) concerns were more than twice as likely to be downgraded during 2021 than bonds red-flagged for other reasons, S&P Global Ratings said.
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Pension funds may lead green infrastructure growth
07 February 2022Pension funds could lead the development of sustainable infrastructure if governments enable them to do so, says a G20-backed body.
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Climate stress testing: Getting it right from the start
07 February 2022Regulators' approaches to climate stress test data leave a lot to be desired, argue Ryan Vaughn and Meghan Purdy
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Fewer than one in 10 financial institutions conduct scenario analysis, study finds
07 February 2022Only about 8% of financial institutions conduct scenario analysis to assess climate and broader environmental risks, a study has found.