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Green bonds lie in insurers' sweet spot, says BlackRock
26 September 2018More insurers should consider investing in green bonds, as they are suitable for meeting their investment objectives while helping avert climate risk, according to BlackRock.
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Standard Chartered to cease financing new coal-fired power stations
25 September 2018Standard Chartered has announced that it will stop financing any new coal-fired power projects, in any location, as part of its commitment to support the Paris Agreement on climate change.
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People Moves: AXA, Lightsource BP, Triodos, Zurich
24 September 2018AXA Investment Managers (AXA IM) has set up a central responsible investment (RI) team, as it seeks to integrate environmental, social and governance (ESG) criteria into all of its investment platforms.
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Saudi Arabia's Public Investment Fund invests $1bn in EV company
21 September 2018Saudi Arabia's Public Investment Fund (PIF) has agreed to invest over $1 billion in electric vehicle company Lucid Motors, as the country looks to diversify its revenues away from oil.
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BlackRock insurance report sees green bonds surge within larger ESG uptake
20 September 2018Insurers are expected to boost green bond investments in the next five years, as a majority has adopted environmental, social and governance (ESG) investment policies in North America and Europe, a BlackRock report said.
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Green bond round-up, 19 September
19 September 2018DZ Bank is planning to raise €250 million ($300 million) by issuing its first labelled green bond.
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People Moves: Osmosis IM, La Française Forum Securities and Green Climate Fund
14 September 2018London-based Osmosis Investment Management, a $1.5 billion sustainable asset management business, has appointed Mike Even to its board of directors.
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CBA, Samsung and Bayer dropped from DJSI World index
13 September 2018S&P Dow Jones Indices and RobecoSAM have excluded Commonwealth Bank of Australia (CBA), Samsung Electronics and healthcare company Bayer from the widely-followed Dow Jones Sustainability World Index (DJSI World).
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Green bonds round-up, 12 September 2018
12 September 2018Agence Francaise de Developpement (AFD) has returned to the green bond market with a €500 million ($578 million) issue to finance a mix of projects that help mitigate or adapt to climate change.
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World Bank issues sustainability-linked notes for UBS clients
12 September 2018The World Bank has partnered with UBS to offer a bond linked to a sustainability index to help raise funds for its sustainable development work.