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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'.
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UBS, DBS & ABN Amro back 'banking for impact' methodology
30 June 2021UBS, Danske Bank, DBS and ABN Amro have thrown their support behind an initiative seeking to develop what could become "the de facto market standard" for banks to measure and report their social and environmental impact.
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Impact investing for a just transition
24 June 2021The 'absence of people' is a rare weakness of the TCFD framework - but investor engagement to ensure a socially just low-carbon transition could be set for a major boost, an Environmental Finance webinar heard. Michael Hurley reports
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Engine No. 1 readies 'active ownership' ETF
23 June 2021Engine No. 1 has attracted $100 million in commitments for an exchange-traded fund (ETF) that will vote its shares in "favour [of] actions that encourage companies to invest in their workers, communities, and the environment".