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Investors who don't consider ESG are failing in their fiduciary duty, says report
07 September 2015Investors that do not consider environmental issues in their long-term investment approach are failing in their fiduciary duty, according to a report published by the UN today.
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California passes bill to force state pension funds to divest from coal
04 September 2015California's two state pension funds, the largest in the US, look increasingly likely to be forced to divest from coal after a bill requiring them to do so was passed by the State Assembly.
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Stranded assets and bankruptcy threaten US coal miners, says S&P
01 September 2015Environmental regulations and supply-demand imbalances threaten to force more US coal mining firms into bankruptcy, according to ratings agency Standard & Poor's.
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Inflection Point Capital to advise Norway's sovereign wealth fund
24 August 2015Inflection Point Capital Management, a London-based sustainability advisory company, has secured a four-year consultancy contract to advise Norway's $870 billion sovereign wealth fund.
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Action on carbon emissions would be cheaper than inaction by 2040, says Citi
19 August 2015Building a low-carbon energy sector over the next 25 years would cost less than taking no action to curb greenhouse gas (GHG) emissions, according to analysts at Citi.
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Norway's oil fund divests from Korea's Posco and Daewoo
18 August 2015Norway's sovereign wealth fund – the largest in the world – is to exclude leading Korean companies Posco and Daewoo International from its investment portfolio because of their involvement in palm oil plantations in Indonesia.
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TIAA-CREF launches low-carbon and ESG funds
12 August 2015TIAA-CREF has become the latest asset manager to launch a low-carbon fund, following in the footsteps of BlackRock, State Street and Amundi, which have brought similar products to market in recent months.
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Aviva and NGOs welcome Standard Chartered's coal mine withdrawal
12 August 2015Standard Chartered's decision to withdraw its support from the giant Carmichael coal mine in Australia has been welcomed by a leading investor.
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Standard Chartered pulls out of giant coal project in Australia
11 August 2015Standard Chartered has ceased its involvement with the controversial Carmichael coal mine in Australia, following a court ruling that overturned the Canberra government's approval of the project.
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RobecoSAM to decarbonise, but rejects outright fossil fuel divestment
07 August 2015Sustainable investment specialist RobecoSAM has intensified its efforts to address its carbon risk, but prefers "a more nuanced approach" than outright fossil fuel divestment.