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CFTC: Climate change poses 'major risk' to US financial system
10 September 2020A report from a subcommittee of US federal regulator the Commodity Futures Trading Commission (CFTC), has found that all US financial regulators must recognise that climate change poses 'serious emerging risks' to the national financial system.
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Investors urge Federal Reserve to tackle climate risk
23 July 2020Investors with nearly $1 trillion in assets under management have signed a letter to US Federal Reserve chairman Jerome Powell demanding action to address climate change as a systemic financial risk.
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Rocky Mountain Institute launches climate finance centre with US banks
09 July 2020The Rocky Mountain Institute (RMI) has launched a research centre to help shape the role that the financial industry has in driving the transition to a low-carbon economy, with four major US banks collaborating on the project
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Investor climate pressure builds on US oil majors as BlackRock steps-up
28 May 2020US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.
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Valuing water now can prevent another global catastrophe
20 May 2020Investors must learn from Covid-19 and take urgent action to tackle the intertwined climate and water crises, says Kirsten James of Ceres
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UBP identifies 'long-term Covid-19 beneficiaries' impact investments
29 April 2020Union Bancaire Privée (UBP) recently made three 'impact' investments in companies it said are set to be "long-term beneficiaries" of the fallout from the coronavirus pandemic.
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BlackRock joins Climate Action 100+ initiative
09 January 2020The largest asset manager in the world, BlackRock, has joined the Climate Action 100+ initiative, in a move that "sends a powerful signal to companies to reduce emissions, improve corporate governance and strengthen their disclosure".
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Food companies aware of water risks but are not managing them: Ceres
30 October 2019Food companies are failing to effectively manage climate-related water risks such as drought and pollution – despite their growing awareness of these risks, according to Ceres.
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Environmental groups target US corporates for climate change action
16 October 2019Eleven environmental groups have sent an open letter to the CEOs of US businesses urging them to step up their action on climate change.
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$35trn investors urge governments to step up climate change action
20 September 2019Institutional investors with $35 trillion in assets under management (AUM) have urged the world's governments to do more to tackle climate change ahead of next week's UN climate action summit.