BOJ must deepen understanding of climate change risks -Kuroda Kuroda cautious about BOJ targeting green bonds in asset buying Comments underscore BOJ’s growing focus on climate change (Recasts)
TOKYO, March 5 (Reuters) - Bank of Japan Governor Haruhiko Kuroda highlighted climate change on Friday as one of the key themes in guiding monetary policy, but kept his distance from the idea of the central bank buying green bonds.
The comments underscore the bank’s growing focus on climate change, a key topic of debate among central banks, some of which are stepping up purchases of green bonds used to finance clean energy and environmental projects or are considering doing so.
British finance minister Rishi Sunak's annual budget on March 3 is set to have a green tinge, even as the country goes hundreds of billions of pounds into the red to fund its response to the coronavirus pandemic.
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COPENHAGEN, Feb 11 (Reuters) - Denmark’s ATP, one of the first pension funds globally to buy green bonds, has made its first investments in so-called social bonds as part of its sustainable portfolio, it said on Thursday.
Social bonds, which are debt issued for socially beneficial projects such as eradicating child labour or strengthening workers’ rights, have caught the eye of investors during the COVID-19 pandemic, when ethical investments have surged.
“In 2020, we decided to take it one step further and expand our universe to also be able to invest in social and sustainable bonds,” Chief Executive Bo Foged told journalists at a briefing following the group’s annual results release.
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LONDON (Reuters) - Britain’s financial services industry should focus on winning business in the United States and Asia rather than the European Union in the aftermath of Brexit, Barclays CEO Jes Staley said.
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While still the only global financial centre to rival New York, the City of London has seen some business and job losses since Britain’s shock 2016 Brexit vote and has been largely cut off from the EU, its biggest single customer, by the divorce.
However, some see the distancing of London from Europe as an opportunity for it to carve out a more dynamic global role.