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Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules
14 December 2023The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.
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AIGCC releases greenwashing guide for investors
26 April 2023 -
Spate of climate litigation takes aim at oil, gas, cement and nuclear
09 February 2023A spate of climate-related litigation has been launched that proponents say will increase companies' accountability for their contribution to climate change and prevent 'greenwashing'.
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ClientEarth sues gas firm for 'greenwashing'
05 August 2022 -
Credit Suisse faces first climate resolution
25 April 2022Credit Suisse has encouraged shareholders to vote against a resolution that would require the Swiss bank to annually disclose progress against its climate financing goals.
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UK Department for Work and Pensions issues draft climate rules
25 October 2021The UK's Department for Work and Pensions (DWP) has tabled draft rules that would require pension schemes to measure and report on their investment portfolios'...
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Belgian central bank sued over 'climate failings' in bond buying programme
13 April 2021The National Bank of Belgium (NBB) is being sued by ClientEarth in a 'landmark' legal action to stop the central bank from funding fossil fuel firms through its bond buying programme, amid broader pressure from the environmental law charity on the European Central Bank (ECB) 'quantitative easing' policy.
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News round-up - 12 February 2021: Nordea, UK ETS, ESG-focused SPAC launch, HSBC ... and more
12 February 2021 -
HSBC warned by ClientEarth to back climate shareholder resolution
12 February 2021 -
UK regulator proposes tightened climate-risk disclosure demands
09 March 2020The UK financial services regulator has announced it is considering new climate-related disclosure requirements for most of the major firms listed in the country, despite disappointment from campaigners that its proposals were not mandatory.