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CBA climate change case could have 'global ramifications'
09 August 2017A legal challenge against Commonwealth Bank of Australia (CBA) for inadequate disclosure of climate change risks in its 2016 annual report could have worldwide repercussions, lawyers warned.
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$5trn at risk: climate change is biggest investment issue of our lifetime
01 August 2017The transition to a low-carbon economy will put $5 trillion of listed assets at risk of disruption, according to the manager of a sustainability-themed fund.
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CDP report says Vedanta "markedly out of line" on climate risk
25 July 2017A CDP report says as much as $16 billion in emissions costs is being generated in the value chains of mining giants, including Vedanta Resources and Freeport McMoRan, as they fail to manage their own climate risk.
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'Bring it on': California commissioner bullish on fossil fuel divestment
17 July 2017Commissioner Dave Jones was threatened with legal action from 12 Republican attorney generals who oppose his fossil fuel investments disclosure initiative. The threats appear to have spurred Jones on, however. Callum Tanner reports
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Climate change is not priced-in, warns Schroders
17 July 2017The impacts of climate change are not adequately 'priced in' to companies' valuations, creating enormous financial risks and opportunities, Schroders has warned.
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Delayed action on energy transition could double stranded assets, says IRENA
11 July 2017Delaying new policy measures to curb global warming to 2030 will cost an extra $10 trillion in stranded assets, compared to an accelerated deployment of renewables and energy efficiency starting now, according to the International Renewable Energy Agency (IRENA).
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Pension funds' response to climate risk is glacial, says Mercer
26 June 2017Ahead of the much anticipated final release of a report by the Task Force on Climate-related Financial Disclosures (TCFD), a survey by consultancy firm Mercer has found that only 5% of European pension funds consider the investment risk climate change poses to their portfolios.
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First State's stranded assets framework adapted by fixed income team
26 June 2017First State Investments' High Yield Fixed Income team has adopted a stranded assets framework into its decision making processes.
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Lawsuit threats will not deter Californian commissioner on coal divestment
22 June 2017Commissioner Dave Jones reveals the number of legal-action threats received since he launched a Climate Risk Carbon Initiative
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Oil & gas companies risk $2.3trn in stranded assets
21 June 2017$2.3 trillion of future upstream investments by 69 oil & gas companies is at risk of becoming stranded assets, according to a new report by Carbon Tracker Initiative and the Principles for Responsible Investment (PRI).