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New York Fed climate stress test demonstrates 'substantial' risk for banks
28 September 2021Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.
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Investors urge US Congress to invest in climate in $3.5trn bill
28 September 2021CDP, Ceres and the Principles for Responsible Investment (PRI) have asked the US Congress to include climate-related policies in a proposed $3.5 trillion spending bill.
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Ara raises $1.1bn for 'decarbonisation' fund
28 September 2021Ara Partners, a US private equity firm specialising in industrial decarbonisation investments, closed the Ara Fund II with approximately $1.1 billion in capital commitments, exceeding its $650 million initial target.
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Redington: Investors engage with just 20% of portfolio on climate
28 September 2021Asset managers tend to engage with just 20% of their portfolio on climate change issues despite widespread net-zero commitments - a rate which implies 'greenwashing' by investors, a survey by UK investment consultants Redington has suggested
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Blockchain-backed carbon credit launched to 'resolve' double-counting headache
28 September 2021Cyberdyne Tech Exchange (CTX) has launched an asset-backed blockchain carbon offset credit which it claims "resolves" the challenge of avoiding 'double-counting' of credits, with a Hong Kong private equity firm buying the first tranche of credits.
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Platts calculates carbon intensity of oil barrels
27 September 2021Carbon intensity figures for oil produced by 14 major crude fields around the world will be released monthly by energy information provider S&P Global Platts.
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ISO commits to integrate climate considerations in global standards
27 September 2021165 standard bodies have signed an international declaration to integrate climate considerations into all standards, in what was described as "a game changing moment for international standards".
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Impact Cubed launches SDG-focused data platform
27 September 2021Impact Cubed has launched a data platform it says enables investors to compare investment propositions based on their contribution to the UN Sustainable Development Goals (SDGs).
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ISS: ESG shareholder lawsuits settle in US but struggle elsewhere
27 September 2021The growing number of ESG-related lawsuits brought against companies by investors often win pay-outs in the US but struggle in other countries due to cultural differences, ISS ESG has said.
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COP26: Self-interest to help settle critical climate ambition and 'who pays' questions
27 September 2021A rising global realisation that it is in the self-interest of each country to deliver climate action could help settle the thorny questions at the UN COP26 climate summit in November of ambitious targets and who funds transition investment in developing nations.