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Church of England Pensions Board leaves NZAOA
04 July 2023The Church of England Pensions Board has left the UN-convened Net-Zero Asset Owner Alliance (NZAOA), citing the need to maintain "a clear focus on one net zero initiative".
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How digital technology can unleash the potential of carbon markets
04 July 2023Data is essential in the development of high impact carbon markets, writes Yuvaraj Dinesh Babu
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Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'
04 July 2023A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".
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Axa: €1bn invested in one of our portfolios degrades biodiversity in area ¾ the size of Paris
04 July 2023Investing €1 billion in one of Axa Group's portfolios had an impact on biodiversity equivalent to degrading a pristine area "three quarters the area of Paris", the insurer said, based on a modelling exercise.
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Banks 'concerned' at EU corporate reporting standard draft
04 July 2023Several European banks are concerned at the recent publication by the European Commission of draft standards for corporate reporting, which they fear will make meeting their own disclosure obligations tougher.
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Franklin Templeton's Martin Currie launches social impact fund
03 July 2023Martin Currie, a Franklin Templeton investment management firm, has launched a social impact fund focusing on well-being, inclusion and the just transition
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UK ETS cap lowered and scheme extended to new sectors
03 July 2023The UK government has announced that it has lowered the carbon emissions cap for existing sectors covered by its emissions trading scheme (ETS), whilst also extending it to cover the domestic maritime transport and waste sectors.
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Vancity: Costco 'expected' to be targeted by NA100
03 July 2023Costco Wholesale is "expected" to be one of the companies targeted by the Nature Action 100 (NA100), Vancity Investment Management (VCIM) has said.
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EU banks devising guide to overcome struggles with ESG regulation
03 July 2023Eurozone banks wrestling with their reporting requirements under EU regulation are together writing guidance on disclosing their climate-related physical risks.
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Chile enhances its SLBs in latest issue, and promises more to come
03 July 2023The return of Chile to the sustainability-linked bond (SLB) market has been praised for the addition of a more diverse target mix - becoming the first sovereign SLB issuer to include a gender target.