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VCS becomes Verra as it seeks to capture sustainable development opportunity
20 February 2018The Verified Carbon Standard (VCS) has changed its name to Verra as it aims to capture growing demand for sustainable development and environmental standards with the launch of new products.
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HLEG proposals embraced in overhaul of European transparency code
19 February 2018The terms of a Europe-wide "passport for SRI funds" have been updated to align with the recommendations of the EU Commission's High-Level Expert Group on Sustainable Finance (HLEG).
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Largest 200 clean energy companies best fossil fuel benchmark by 16%
19 February 2018The world's 200 largest publicly listed companies by total clean energy revenues outperformed their industry benchmark by 16.4% over the last 18 months, according to the latest Carbon Clean 200 list.
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Norway oil fund plots path to divestment
16 February 2018Norway's finance ministry has set up an expert group to explore radical changes to the way it invests in energy stocks through its $1 trillion sovereign wealth fund, including abandoning investments in oil and gas companies.
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Finnish pension fund Varma reduces carbon footprint by 27%
16 February 2018The €45.4 billion ($56.8 billion) Finnish pension fund Varma has reduced the carbon footprint of its equities by 27% since 2015, hitting its own target two years ahead of schedule.
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Danish pension fund PKA engaging with 64 oil and gas giants on climate
09 February 2018Danish pension fund PKA has said divestment is a possibility for 64 oil and gas companies with which it is currently engaging on climate-related issues.
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Exxon takes encouraging disclosure steps but must go further, investors say
08 February 2018The latest climate-related disclosures by oil giant ExxonMobil fail to go far enough in setting out how climate change is likely to impact its business, say an influential group of investors that led last year's successful shareholder resolution against the company.
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£17bn Church Investors Group to crack down on climate laggards
07 February 2018The UK's Church Investors Group (CIG) will take a harder line on companies failing to take action on climate change by voting against the re-election of directors, as part of its updated proxy voting policy.
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"Never say never" to UK sovereign green bond, says minister
06 February 2018The UK's Minister for Energy and Clean Growth has raised the hopes of the country issuing a sovereign green bond from the country, as a government-mandated taskforce looks set to recommend the move.
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US sustainable funds post twin records as they outperform fund universe
02 February 2018US sustainable funds posted records in 2017 both for net inflows and number of new funds, as Morningstar research showed they outperformed the overall fund universe for the calendar year.