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JP Morgan Chase given bloody nose by climate resolution
20 May 2020JP Morgan Chase experienced a significant revolt from investors against its climate change position after nearly half voted in support of a shareholder resolution urging the US bank to align its financing to the Paris Agreement.
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HSBC and IFC real economy green bond fund raises $470m
20 May 2020HSBC Global Asset Management (HSBC GAM) and the International Finance Corporation announced their green bond fund targeting "real economy" assets has raised more than $470 million following its third close.
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Banks' fossil fuel commitments accelerate as pressure intensifies
19 May 2020 -
Shell climate resolution support welcomed by green investor group
19 May 2020Support for a shareholder resolution demanding Anglo-Dutch oil supermajor Royal Dutch Shell set carbon intensity targets more than doubled compared with a similar resolution in 2018, but still failed to secure enough votes to pass.
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Siemens Gamesa inks medical research supporting bank guarantee
19 May 2020Wind turbine maker Siemens Gamesa signed an innovative €600 million bank guarantee line to cover the component construction for the world's largest offshore wind farm, with the premium on the deal used to finance a cancer research project.
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Coalition of 42 global faith groups divest from fossil fuels
18 May 2020Over 40 religious institutions with more than £1.1 billion ($1.3 billion) in assets under management have agreed to divest from fossil fuel companies, in the largest ever joint announcement by faith organisations.
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SUSI Partners raises €289m at energy efficiency fund close
18 May 2020Swiss asset manager SUSI Partners secured €289 million ($313 million) in investor commitments on the final close of its second energy efficiency fund, slightly short of its target following the economic turmoil wrought by the coronavirus (Covid-19) crisis.
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Green investor group hails Equinor climate resolution progress
15 May 2020Support for a shareholder resolution demanding Norwegian oil company Equinor to set carbon intensity targets more than doubled, but majority owner, the state of Norway, kiboshed the proposal.
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Deutsche Bank sets 'ambitious' sustainability targets
15 May 2020Deutsche Bank outlined targets which will see the German lender boost sustainability assets to over €200 billion ($217 billion) by 2025 and issue its first green bond.
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Nasdaq launches ESG impact tracking tool
14 May 2020Nasdaq has launched a tool to help clients track the environmental, social and governance (ESG) impact of their portfolios and individual investments.