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APG lauds 'first of its kind' climate-themed real estate index for pension funds
08 September 2023APG has hailed a "first of its kind" climate-themed real estate index it created for its pension fund clients, which aims for a progressive reduction in greenhouse gas emissions.
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USS unveils own climate scenarios to address inadequacies in widely used models
07 September 2023UK pension fund USS has published four climate scenarios that it says "better reflect the real-world risks and opportunities that frame our investment decision-making over the short- and medium-term", as it criticised widely-used models as "inadequate".
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The ECB plots the 'winners and losers' of the transition
06 September 2023The central bank has alerted lenders and investors to the relative winners and losers in the transition - with fossil fuel companies set to take an immediate hit. Michael Hurley reports
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ECB warns fossil-fuel-exposed banks they risk €21bn in annual losses by 2029
06 September 2023The European Central Bank (ECB) has delivered its starkest warning to-date of the damage a delayed transition to a net zero economy would inflict on the financial system.
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ECB: Banks are 'on the horizon' of climate litigation surge
05 September 2023A senior European Central Bank (ECB) official has warned banks to "get up to speed" with rising climate-related litigation risk as he expects regulation and recent legal successes to result in an escalation of cases against banks.
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NatWest: Transition plans still tricky under EU SFDR
04 September 2023Uncertainty still reigns among fund managers around how to handle investee transition plans under the EU Sustainable Finance Disclosure Regulation (SFDR), according to NatWest.
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Many climate scenarios of limited use, as they don't model most likely case - Abrdn
30 August 2023Widely used models for projecting future impacts of the energy transition are of limited use for investors as they fail to project the most likely level of warming, an investor has argued.
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HKMA sets 'transition principles' for banks
30 August 2023The Hong Kong Monetary Authority has called on banks to follow a set of high-level principles for transition planning.
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SBTi's financial sector framework will enhance its credibility, says IEEFA
25 August 2023The Science Based Targets initiative's (SBTi) proposed standards for financial institutions will help boost the initiative's credibility, says the Institute for Energy, Economics and Financial Analysis (IEEFA) - although there is still room for improvement.
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With a watered-down NZIA, where do insurers' climate commitments stand?
21 August 2023After six of the eight founding members left the Net-Zero Insurance Alliance, Joshua Geer investigates if their ambitions stand