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GPFG will not set a net-zero goal
21 December 2021Norway's sovereign wealth fund will not commit to a specific net-zero emissions target for its whole portfolio, only aiming to decarbonise in the "long-term", as its manager prioritises achieving returns.
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EU TEG taxonomy experts lament nuclear 'politicisation'
21 December 2021Members of an EU-mandated expert group have written to the European Commission to express their concern at the potential inclusion of nuclear in the bloc's sustainability taxonomy, in a decision they say has been politicised instead of following science.
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SLM eyes €250m for sustainable agriculture and forestry fund
21 December 2021SLM Partners has raised an undisclosed amount at first close to invest in forestry, permanent food crops and 'agroforestry' in Europe.
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US banking regulator drafts climate risk principles
20 December 2021The US Office of the Comptroller of the Currency (OCC) has opened a consultation on climate-related financial risk principles for banks while acknowledging "emerging risks" from climate change.
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Aviva invests in UK Clean Growth Fund
20 December 2021Aviva has invested into a venture capital fund focussed on early-stage green technologies, the Clean Growth Fund.
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UK regulator extends climate and transition reporting rules
20 December 2021FCA has extended coverage of its climate-related disclosure rules for listed companies and added requirements around transition plans for those firms as well as asset managers and life insurers.
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Nest, UBS ditch oil and gas giants over carbon risks
20 December 2021Nest and UBS Asset Management have sold their shares in five energy companies, including Exxon Mobil.
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BIS: Paris-aligned passive portfolios 'easy' to construct
17 December 2021Passive investors can reduce their carbon emissions in line with the Paris Agreement goals with "relative ease"...
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MSCI: ESG ratings are 'not about corporate goodness'
17 December 2021Some people "misconstrue" the "true purpose" of MSCI's environmental, societal and governance (ESG) ratings as being a general measure of corporate...
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Swiss foundation demands investors oppose poor climate plans
17 December 2021Swiss investor foundation Ethos has demanded its members vote against companies who target emissions reductions for fewer than 80% of their Scope 3 emissions.