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Vanguard sets 'laughable' net-zero pledge
27 May 2022$8 trillion asset manager Vanguard has emphasised its "extreme laggard" status through its initial 'net-zero' pledge, according to campaigners.
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BlackRock's Fink lauds decarbonisation 'phoenixes' over divestment
18 January 2022BlackRock chief executive Larry Fink rejected sectoral divestment as a means to deliver a net-zero transition in his annual letter to fellow bosses...
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US financial regulators acknowledge climate action needed amid 'increasing threat'
25 October 2021US regulators have identified climate change as an "emerging and increasing threat" to US financial stability for the first time
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US regulator banking rule seeks to 'prop up' fossil fuel financing
15 January 2021The US Office of the Comptroller of the Currency (OCC) has been accused of staging a "last ditch" attempt to prop up financing for fossil fuel through its "fair access" rule for banks, amid a rising tide of lenders announcing plans to phase-out such funding.
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BlackRock promises 2021 climate vote record improvement
10 December 2020BlackRock has announced it intends to vote more regularly for shareholder proposals on climate action, rather than relying on engagement as it had done in the past.
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TD Bank makes net zero by 2050 pledge
10 November 2020Toronto Dominion (TD) Bank has become the latest bank to commit to achieve net-zero greenhouse gas (GHG) emissions associated with its operations and financing activities by 2050 - but the announcement was criticised for failing to set an interim target.
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JP Morgan Chase makes 'Paris-aligned' financing commitment
07 October 2020JP Morgan Chase - which was recently revealed to be the biggest financier of fossil fuels - has pledged to align its financing with the goals of the Paris Climate Agreement, although one NGO criticised the commitment as "vague".
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Morgan Stanley pledges net-zero carbon emissions by 2050
22 September 2020US banking giant Morgan Stanley has committed to a net-zero financed emissions target by 2050. NGOs said the move "sets a new bar for other major US banks to follow" but pointed out that it lacks "key details".
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Lloyds excludes Arctic oil and gas exploration
24 February 2020Lloyds Banking Group has pledged to not support oil and gas exploration in the Arctic and Antarctic territories.