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Hong Kong regulator introduces climate-related disclosure obligations
20 August 2021Fund managers in Hong Kong will be required from August 2022 to make climate-related disclosures, in the latest landmark for the global spread of mandatory disclosure in line with the recommendations of the Task Force on Climate-related Financial Disclosures.
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The billion-dollar funds that have changed impact investing
20 August 2021What does the broader impact market think of large private equity giants' positive impact claims, Michael Hurley asks
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HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021
19 August 2021HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.
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Biodiversity COP delay confirmed
19 August 2021Final meetings in a UN summit to agree a global framework to promote biodiversity will be delayed until April 2022, the Convention on Biological Diversity (CBD) has said.
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NNIP's acquisition by Goldman 'a defeat for sustainable investing in Netherlands'
19 August 2021Goldman Sachs' purchase of Dutch insurer NN Group's investment management arm has been described by one market observer as "a defeat for sustainable investing in the Netherlands".
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PNC pledges $20 billion in environmental finance
19 August 2021US bank PNC Financial Services has pledged $20 billion over five years for environmental finance across areas including sustainability-linked bonds and loans
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Forest fund exceeds £100m target
19 August 2021The Gresham House Forest Growth & Sustainability Fund has reached its first close, with £127 million in subscriptions, exceeding its initial target of £100 million
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New standard for REDD+ launched
19 August 2021A new standard for verifying 'credits' created by efforts to reduce emissions from deforestation and forest degradation in developing countries (REDD+) has been launched
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Australian gas company shareholders demand Paris Agreement alignment
19 August 2021Shareholders at Origin Energy have demanded the largest supplier of gas and electricity in Australia align its capital expenditure with the Paris Agreement
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ECB sounds alarm at banks' climate lethargy
19 August 2021The European Central Bank (ECB) says the results of EU banks' self-assessments on climate-related and broader environmental risks demonstrate an "alarming" lack of urgency to meet minimum supervisory expectations.