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European asset managers association backs 'brown taxonomy'
07 September 2021The €27 trillion ($32 trillion) European Fund and Asset Management Association (EFAMA) has thrown its support behind the EU's proposals for a taxonomy of significantly harmful environmental activities.
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EU carbon market update: 07 September 2021
07 September 2021Another week, another record high for carbon prices, says Tom Lord
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Debut EU green bond expected in October
07 September 2021The EU will issue its debut green bond in October as it prepares to kick-start its massive five-year €250 billion ($297 billion) green bond programme
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Can COP26 keep 1.5°C in sight?
07 September 2021All eyes will be on Glasgow in November to see whether hopes of limiting warming to 1.5°C can be kept alive. Peter Cripps reports
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Insurers to get global standard for measuring 'insured emissions'
07 September 2021Insurers are to get "the first global standard to measure and disclose insured greenhouse gas (GHG) emissions" as a result of an industry collaboration.
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Climate risk means property cat losses could rise 120% by 2040
07 September 2021Climate risk could hike insured property catastrophe losses by 90 to 120% by 2040 in key markets such as China, the UK, France and Germany, according to Swiss Re.
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Ceres demands six high-emitting sectors act on climate by 2030
06 September 2021Ceres has launched an initiative to get North American companies in banking, electricity, oil and gas, food, steel and transportation to set and achieve decarbonisation targets by 2030.
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Stand-alone ESG supervision supports better company sustainability performance
06 September 2021Companies with dedicated environmental, social and governance (ESG) committees tend to outperform on sustainability those with combined board oversight...
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One third of investors fail updated UK stewardship standards
06 September 2021One third of investor applicants (64 out of 189) have failed to meet the stewardship standards of the UK's Financial Reporting Council (FRC)
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'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction
06 September 2021Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.