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WTW launches climate change risks tool
03 June 2024Consultancy Willis Towers Watson has launched a new tool, 'Climate Quantified', designed to assess how and when physical and transition risks impact a company's operations and assets, including revenue and enterprise value.
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Asset owners give backing to Climate Action 100+
30 May 2024A group of 44 asset owners representing over $4 trillion in assets have written in support of Climate Action 100+, the investor-led initiative putting pressure on the world's largest corporate greenhouse gas emitters.
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Investor group backs SEC over courts for shareholder rights
29 May 2024A group of 39 investors representing combined assets under management of $5.2 trillion have backed the Securities and Exchange Commission (SEC) to continue as the preferred arbiter of shareholder proposals in the US.
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Averon Park plots acquisition of Foresight Sustainable Forestry Company
29 May 2024Sustainable infrastructure investor Averon Park has made a bid to acquire and take private London-listed timber investor Foresight Sustainable Forestry Company in a cash deal valuing the company at £167 million ($212.3 million).
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Shareholders back Scope 3 targets for Yara International
29 May 2024Support for an unsuccessful resolution at Yara International's AGM to set Scope 3 emissions reduction targets shows an increasing focus on the climate impacts of the fertiliser industry, according to ShareAction.
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SBTi updates criteria to enable 'ambitious' near-term targets
29 May 2024The Science Based Targets initiative (SBTi) has released criteria updates and resources for financial institutions to set "ambitious" near-term emission-reduction targets to keep warming to 1.5°C as well as the introduction of fossil fuel finance criteria.
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US unveils principles to support voluntary carbon markets
28 May 2024US president Joe Biden's administration has released a joint statement of policy and new principles to promote "responsible participation" in voluntary carbon markets (VCMs) and to promote higher standards.
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Feedback sought on first draft of Australian taxonomy
28 May 2024The Australian Sustainable Finance Institute (ASFI) has opened a public consultation on the first draft of its proposed taxonomy, including its headline ambitions and first three priority areas.
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Conservation International backs nature credit market 'with guardrails'
28 May 2024US-based environmental non-profit Conservation International has published a proposed strategy and guardrails for equitable and well-governed nature credit markets as a means of addressing biodiversity loss, climate change and inequities.
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GRI and IFRS to collaborate on 'full interoperability' of standards
24 May 2024The IFRS Foundation and Global Reporting Initiative (GRI) have extended their working relationship to collaborate on full interoperability of each other's standards for "seamless" sustainability reporting.