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FSB releases roadmap to accelerate climate data disclosure
07 July 2021The Financial Stability Board (FSB) has released a roadmap for addressing climate-related financial risks, focussing on four main areas...
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IFRS Foundation 'on track' for mid-2022 sustainability standards
07 July 2021The IFRS Foundation trustees said they remain on track to appoint members of the International Sustainability Standards Board (ISSB) in the next quarter, and publish the first set of globally consistent climate-related standards in the middle of next year.
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EU renewed strategy identifies work on transition as priority
06 July 2021The European Commission has today (6 July) published its renewed sustainable finance strategy, which charts a course for incorporating climate transition activities in its taxonomy.
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EU GBS regulation among pillars of new sustainable finance strategy
06 July 2021The European Commission has today (6 July) proposed a regulation to create a European Green Bond Standard (EU GBS) it says "goes further than existing market-based standards" and could become the "gold standard" for green bonds.
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FTSE Russell launches 'Paris-aligned' global equity benchmarks
06 July 2021FTSE Russell has launched a global range of climate-themed benchmark indexes it developed in partnership with Brunel Pension Partnership.
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Mirova sustainable land use fund raises $200m at final close
05 July 2021Mirova has raised $208 million at final close of its Land Degradation Neutrality Fund but fallen short of its initial $300 million target.
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Cartonboard maker is Apollo Impact's first investment
05 July 2021Private equity firm Apollo's impact strategy has made its first investment, in Italy-based recycled cartonboard manufacturer RDM.
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EU transition finance, biodiversity & anti-greenwashing proposals in renewed strategy
02 July 2021The European Commission has outlined plans to explore creating EU labels for transition and sustainability-linked bonds, a methodology for assessing financial risks associated with biodiversity, mandating climate-related scenario analysis and increasing scrutiny of ESG ratings providers.
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Databases and regulation driving standardisation of labelled bond data
02 July 2021Efforts to standardise green, social and sustainability bond impact data are gaining traction, but widespread comparability remains elusive, an Environmental Finance webinar heard. Michael Hurley reports
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Sovereign debt rating repositions ESG leaders as impact laggards
30 June 2021A rating of sovereign debt based on countries' contributions to the UN Sustainable Development Goals (SDGs) has reclassified those that tend to score highly using ESG ratings as laggards when it comes to 'impact'.