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New Zealand is set to become the first country in the world to introduce a law that would subject financial firms to climate reporting. The law, which is expected to receive its first reading this week, will require banks, insurance firms…
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ESG-forward investing seems to be taking over the financial industry, but ex-BlackRock chief investment officer for sustainable investing Tariq Fancy warns that this is simply another form of greenwashing. In an opinion article, Fancy says…
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Goldman Sachs has reaffirmed its sustainability commitments in a new pledge to reach carbon neutrality by the end of the decade. The investment banking giant says it will develop climate data, improve disclosure, and integrate climate-risk…
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A new values-based financial institution, Climate First Bank (In Organisation), will soon be opening its doors in Florida this year. The bank will support the community through ESG-forward principles, offering customers all the…
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HSBC could soon be forced to reduce its exposure to fossil fuels next year, after its key investors tabled a shareholder vote urging the bank to end its reliance on climate-harming financing. The bank is one of the biggest financiers of…
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With more investors embracing a sustainable ESG-based strategy, a trend that has received a major boost amidst the coronavirus pandemic, China is losing its allure despite being an enormous and fast-growing emerging market. Ranking bottom…
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Hong Kong Exchanges and Clearing Limited (HKEX) has launched its new investment platform dedicated to sustainable finance amidst rising demand from Asian investors. Called the Sustainable and Green Exchange (STAGE), the new platform serves…
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Gen Zs or “Zillennials” are on track to overtake the famous millennial cohort and are set to transform the way business and investing is done with their flight-shaming, plant-based and zero-alcohol habits. Analysts in a new Bank of America…
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Clarity AI, a fintech company that has developed a platform that empowers investors to manage the impact of their portfolio, has raised US$15 million in its latest funding round. The financing will be used to fuel the expansion of its…
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Over 90% of global public investors now have specific environmental, social and governance (ESG) investment policies in place or are in the process of implementing them, reveals a new survey from independent think tank OMFIF and American…
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AgFunder, a venture capital firm focused on agri-food tech startups based in Silicon Valley and Singapore, has just launched GROW Impact Fund, its first to be entirely dedicated to technologies that will perform on environmental, social…
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BNP Paribas has announced the successful issuance of equity-linked green bonds totalling A$140 million (US$99.6 million) marking the first to be linked to the Australian Climate Transition (ACT) Index. The ACT Index is based on several…
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Google’s parent company Alphabet Inc. has just issued US$5.75 billion in sustainability bonds, in what it claims is the biggest green bond issued by any firm to date. The proceeds will support investments in both environmental and social…
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A 23-year-old law student in Melbourne, Australia has filed a lawsuit against the Australian government over failure to disclose the financial risks of climate change to a number of safe investments, including government bonds. Katta…
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Singapore’s central bank, the Monetary Authority of Singapore (MAS), has recently hired Jeanne Stampe as green finance resource lead. Stampe is a former WWF head of sustainable finance in Asia. The move is yet another indication of the…
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Analysts have warned investors that the lack of compliance to environmental, social and governance (ESG) risks amongst publicly listed meat companies in Asia makes them highly susceptible to zoonotic diseases. The report also lists meat…
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New data comparing sustainable investments with traditional funds shows that environmentally-friendly focused investments bring greater returns. The evidence comes amid strengthened interest in sustainable investments prompted by the dual…
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Hong Kong Exchanges and Clearing Limited (HKEX) has announced plans to launch a new Sustainable and Green Exchange (STAGE), representing the first-of-its-kind in Asia. The new information platform will act as a central hub for data on…
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Link Asset Management, the manager of Link REIT, has just secured a five-year sustainability-linked loan of HKD$1 billion (US$129 million) from Singapore-headquartered OCBC Bank. It marks the property company’s first sustainability-linked…
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ADB Ventures, a new venture platform to support and invest in startups offering tech-based impact solutions to contribute to the Sustainable Development Goals (SDGs), has just announced that it will start making investments. It follows the…
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Companies with a strong environmental focus have outperformed the broader stock market, said HSBC. The news comes during the ongoing coronavirus pandemic, which has caused a global economic fallout unseen since the Great Depression in the…
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