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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.
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SMBC, MUFG have highest share of fees from fossil fuel investments, AFII says
24 September 2021Out of 20 underwriters and lenders with large global reach,the ones that made the highest share of their debt transaction fees from fossil fuels are Japanese banks SMBC and MUFG, according to non-profit the Anthropocene Fixed Income Institute (AFII).
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US SEC pens sample letter for companies with insufficient climate disclosures
24 September 2021The US Securities and Exchange Commission (SEC) has published an 'illustrative letter' it could send to companies...
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$9trn PRI-led investor group demands extending scope of EU's CSRD
24 September 2021A $9 trillion group of 54 investors led by the Principles of Responsible Investment (PRI) has asked legislators to extend the scope of the EU Commission's proposed Corporate Sustainability Reporting Directive (CSRD) to include non-listed small and medium-sized enterprises from 'high risk sectors'.