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90% of Green Finance Summit participants vote for mandatory TCFD
19 July 2018There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.
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People Moves: BlackRock, Macquarie Infrastructure Debt Investment Solutions, AP4, ING, Lightsource BP, European Investment Bank, IIGCC, DNCA Finance and FRC
29 June 2018BlackRock has lost one of the leaders of its push into impact investing, Environmental Finance has learned.
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ABP, ERAFP, and First State Super among scenario analysis leaders
15 June 2018Many leading global asset owners have already begun to perform scenario analysis and apply key findings to their climate strategies, a report by the Asset Owners Disclosure Project (AODP) has found.
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‘Worryingly complacent’ UK pension funds neglect climate risk
25 May 2018Some of the largest pension funds in the UK are ‘worryingly complacent’ about the risks posed by climate change to investments, according to the Environmental Audit Committee (EAC).
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Top investors put pressure on Shell, but climate resolution rejected
22 May 2018Royal Dutch Shell faced mounting pressure from investors to set concrete targets to reduce greenhouse gas (GHG) emissions at its annual general meeting (AGM) but a climate-related shareholder resolution was rejected.
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Standardisation of scenarios is necessary for oil & gas, Carbon Tracker says
21 May 2018A common reference scenario for the oil & gas sector is needed to boost comparability, said Carbon Tracker, after its analysis exposed large disparities in companies’ consideration of the potential impacts of climate change.
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Renewables investment by oil majors is 'incremental rather than radical', Fitch says
24 April 2018Public pressure is driving renewables investments by oil majors but this will not be a radical step in the transition away from traditional business, Fitch Ratings says.
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Norges Bank backs climate and water shareholder resolutions
20 April 2018The advisor to the world's largest sovereign wealth fund has thrown its weight behind climate-related shareholder resolutions with energy companies Imperial Oil and TransCanada.
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£500m fund launched to invest in Indian renewables
20 April 2018A new fund has been seeded with £240 million ($340 million) to invest in "green energy infrastructure" in India.
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Investors wake up to collective engagement clout
26 March 2018Climate-related resolutions at Exxon and Shell garnered the support of the world's largest investors. Now asset managers and owners are massing together to move entire sectors, writes Michael Hurley.