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$3.2trn investor group to 'step-up' chemical sector emissions engagement
09 September 2021An investor working group has been formed to "step-up" engagement with major chemical firms around their carbon emissions, arguing the sector has been "neglected" by investors as being 'hard-to-abate'.
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Issuing sustainability-linked bonds 'won't allow Philip Morris to bypass exclusions'
08 September 2021Issuing sustainability-linked bonds will not provide tobacco giant Philip Morris International (PMI) an alternative route into bond portfolios...
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Oil firms facing increased cost of capital as ESG pressure grows, says Aegon
26 August 2021Rising pressure on investors and banks to take a more stringent stance on environmental, social and governance (ESG) concerns is leading to more limited access to, and rising cost of, debt for oil firms, according to Aegon Asset Management (Aegon AM).
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HSBC, Standard Chartered and Barclays provide $12bn in fossil fuel financing in 2021
19 August 2021HSBC, Standard Chartered and Barclays have supported a combined $12 billion in fossil fuel financing in the first six months of 2021, which campaigners said undermines the climate pledges made by the lenders ahead of the COP26 climate summit in the country later this year.
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BHP criticised as confirms oil and gas exit with Woodside deal
17 August 2021Pressure has been building on BHP to exit its fossil fuel assets, but its proposed deal to shift its oil and gas assets to Woodside has been criticised - and considered 'disastrous' for Woodside shareholders and the environment. Ahren Lester reports
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BHP could benefit from ESG boost as the miner mulls oil and gas exit
16 August 2021Anglo-Australian mining giant BHP has announced it is considering exiting its oil and gas business, in a move that analysts believe could result in an environmental, social and governance (ESG) re-rating and rising interest from investors.
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Housing market lacks climate risk integration, finds UNEP FI
16 August 2021The UN Environment Programme Finance Initiative (UNEP FI) has said that real estate valuers may lack necessary skills and standards...
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New York State pension fund targets shale firms amid further coal investment exits
13 August 2021The $255 billion New York State Common Retirement Fund is evaluating whether to restrict investment in 42 shale oil and gas companies, making the announcement alongside its exit from five more coal firms.
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Energy feedback loops will make 2020s 'decade of cascading change' - Carbon Tracker
06 August 2021A series of tipping points in energy will shape the 2020s as a "decade of cascading change", according to think tank Carbon Tracker Initiative.
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EDF and LGIM partner on science based corporate engagement
04 August 2021Partnership hopes to convert aspirational pledges into concrete plans