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SEC climate enforcement task force 'will want to come out with a bang'
25 August 2021The US Securities and Exchange Commission (SEC) likely intends to "come out with a bang" when it brings its first case against misleading climate claims or material misstatements, according to a former senior counsel to the influential regulator.
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Why investors should engage for better corporate disclosure
25 August 2021Direct investor engagement has a significant impact on improving corporate environmental transparency and disclosure, writes Claire Elsdon
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ClientEarth demands UK regulator investigate Just Eat
23 August 2021Food delivery company Just Eat and cruise ship firm Carnival have been referred to the UK's Financial Conduct Authority (FCA) for investigation by NGO ClientEarth for poor climate risk disclosure.
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PCAF to relaunch standard ahead of COP26
23 August 2021The Partnership for Carbon Accounting Financials (PCAF) is planning to relaunch its standard ahead of the COP26 climate summit in October.
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Zero emissions proposal for GPFG is 'very significant'
23 August 2021An expert group's recommendation for Norway's sovereign wealth fund to target zero emissions by 2050 for its portfolio is potentially of great significance, an OECD economist has said.
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Switzerland plans to make climate disclosures obligatory
19 August 2021Large Swiss companies will have to disclose climate risk data, including their impact on the environment, in line with recommendations from the Task Force...
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UK pensions regulator advised to toughen climate disclosure compliance regime
17 August 2021The Pensions Regulator (TPR) has been advised to toughen proposals outlining how it will punish trustees in the UK that neglect their duty to make climate-related risk disclosures.
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'Blunt' ESG scores have 'no place' in credit rating process, says KBRA
13 August 2021Kroll Bond Rating Agency (KBRA) said environmental, social and governance (ESG) scores have "no place" in the credit rating process despite ESG risks being relevant to credit quality, arguing the "blunt" ESG scores can "distract" credit analysts from their fundamental work
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Climate risk-based divestments boosted equity returns, says NBIM
12 August 2021The manager of the giant Norwegian sovereign wealth fund said its equity fund performance has benefitted from a cumulative 0.27% outperformance since 2012 due to divestments based on financial climate risk assessments
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PRI delays reporting overhaul to 2023
12 August 2021The Principles for Responsible Investment (PRI) has delayed an overhaul of the reporting it requires of its signatories until 2023, after complaints that a pilot exercise demanded too much time to complete and resulted in data gaps and errors.