Climate change – Page 4
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NewsDanica bans 1,700 fossil fuel firms, shifting to ‘transition-ready’ stocks
Danish pension provider draws up long blacklist of ‘transition laggards’ including Shell, Exxon Mobil and Equinor
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AnalysisWhat the latest US ruling could mean for ESG and collaborative engagement
Texas will continue its case against BlackRock, State Street and Vanguard, which includes a demand they divest from coal
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NewsPRI launches private debt stewardship guide with Redington
PRI CEO David Atkin says lenders ‘face significant barriers to stewardship’ with private debt ‘that do not necessarily exist elsewhere’
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NewsISS Stoxx to buy geospatial analytics firm
ISS says institutional investors showing greater need for geospatial data and enhanced risk analytics
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NewsM&G changes climate strategy to prioritise asset alignment and engagement
The 2025 target moves beyond reducing portfolio emissions to assess climate resilience of portfolio companies
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NewsGovernments told to spell out investors’ role in climate adaptation plans
Chamber of Commerce paper comes as Commission launches call for evidence on climate resilience
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NewsECB to apply climate risk factor to corporate bond collateral
Certain assets could see their value cut
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NewsInvestors urged to tackle modern slavery risks through performance-based incentives
IFM Investors calls for united action across the investment chain to address hidden modern slavery risks in portfolios
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NewsUSS flags gap between emissions data and physical climate risk
The Universities Superannuation Scheme has seen an increase in AUM to £76.8bn, and has a funding level 116%
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NewsStates have legal obligation to take climate action, says ICJ
Advisory opinion is non-binding, but carries ‘significant legal and moral weight’, according to legal experts
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NewsCentral banks publish guidance on climate adaptation in transition plans
NGFS calls on policymakers, supervisors and institutions to accelerate their efforts to embed adaptation within transition plans
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NewsSBTi launches standard for investors’ net-zero targets
In order to be validated against the standard, investors will have to publicly commit to reaching net zero by 2050 or earlier
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NewsPension fund leaders help shortlist EM blended finance proposals for BII campaign
A BII call for proposals attracted 27 ‘sophisticated and innovative’ entries
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NewsAsset owners to swap US managers for European in response to ESG retreat
The trend is driven by regulatory and legal interventions in the US
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Opinion PiecesTime for some straight talking on ESG matters
Catherine Howarth, chief executive of campaign group ShareAction, expects more of asset owners.
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AnalysisHas the SEC’s ‘13D’ ruling changed shareholder engagement?
In the first of a four-part series on stewardship and shareholder rights, Sophie Robinson-Tillet assesses the impact of a controversial update to shareholder disclosures
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NewsUK regulator to develop climate transition plan template for pension funds
TPR transition plan working group to present template to DWP later this year
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NewsLGPS fund commits £25m to nature-based infrastructure fund
West Yorkshire Pension Fund backs firm that aims to raise £10bn for nature-based infrastructure over the next decade.
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NewsNBIM calls for investor-driven clarity in sustainability disclosure reforms
In a response to the ISSB’s Exposure Draft on amendments to IFRS S2, NBIM cautioned against changes that could undermine coherence or comparability
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NewsUK launches consultations on ISSB, transition plans and sustainability assurance
Announcement comes as GRI unveils two new climate standards
