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'Game-changing' parametric insurance deal for Belize blue bond
21 December 2021Willis Towers Watson (WTW) has designed the first sovereign debt insurance 'catastrophe wrapper' for the recent 'blue' bond issued by Belize, describing the parametric insurance deal as a "game changer" for coastal nations for building economic and environmental resilience.
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GPFG will not set a net-zero goal
21 December 2021Norway's sovereign wealth fund will not commit to a specific net-zero emissions target for its whole portfolio, only aiming to decarbonise in the "long-term", as its manager prioritises achieving returns.
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EU TEG taxonomy experts lament nuclear 'politicisation'
21 December 2021Members of an EU-mandated expert group have written to the European Commission to express their concern at the potential inclusion of nuclear in the bloc's sustainability taxonomy, in a decision they say has been politicised instead of following science.
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SLM eyes €250m for sustainable agriculture and forestry fund
21 December 2021SLM Partners has raised an undisclosed amount at first close to invest in forestry, permanent food crops and 'agroforestry' in Europe.
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US banking regulator drafts climate risk principles
20 December 2021The US Office of the Comptroller of the Currency (OCC) has opened a consultation on climate-related financial risk principles for banks while acknowledging "emerging risks" from climate change.
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Aviva invests in UK Clean Growth Fund
20 December 2021Aviva has invested into a venture capital fund focussed on early-stage green technologies, the Clean Growth Fund.
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UK regulator extends climate and transition reporting rules
20 December 2021FCA has extended coverage of its climate-related disclosure rules for listed companies and added requirements around transition plans for those firms as well as asset managers and life insurers.
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Nest, UBS ditch oil and gas giants over carbon risks
20 December 2021Nest and UBS Asset Management have sold their shares in five energy companies, including Exxon Mobil.
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BIS: Paris-aligned passive portfolios 'easy' to construct
17 December 2021Passive investors can reduce their carbon emissions in line with the Paris Agreement goals with "relative ease"...
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MSCI: ESG ratings are 'not about corporate goodness'
17 December 2021Some people "misconstrue" the "true purpose" of MSCI's environmental, societal and governance (ESG) ratings as being a general measure of corporate...