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TPG Rise joins Fidelity in $150m electric bike fundraise
05 February 2021TPG Rise, Fidelity and Morgan Stanley's Counterpoint Global have purchased a minority stake in US-based electric bike manufacturer Rad Power Bikes in a $150 million fundraising round.
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Global banks supply $800m a day to plastics supply chain
07 January 2021The amount of money that banks have pumped into the global plastics supply chain has been tracked in a new report
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News Round Up: Morgan Stanley on the future of food, SUSI invests in energy efficiency, Climate Policy Radar founded
06 January 2021 -
News Round Up: JP Morgan, Morgan Stanley, US Department of Labor, and more
14 December 2020 -
PCAF launches standard for global emissions
19 November 2020The Partnership for Carbon Accounting Financials (PCAF) has launched a methodology which intends to enable banks to measure and disclose the emissions associated with their financed activities.
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No one-size-fits-all approach for financing climate transition, says Morgan Stanley
06 November 2020Ahead of Environmental Finance's ESG in Fixed Income Europe 2020 virtual conference next week, speakers reflect on the balance between purity and pragmatism when financing climate transition strategies
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Boston Common: Differing methodologies for bank sustainable financing 'unnecessary competition'
12 October 2020Boston Common Asset Management (BCAM) has criticised the increasing number of methodologies used to assess how a bank's sustainable financing commitments impact its portfolio, as a distraction from core climate goals.
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ESG news round-up: Calvert joins Morgan Stanley; CofE drops ExxonMobil; HSBC in net-zero pledge
09 October 2020 -
JP Morgan Chase makes 'Paris-aligned' financing commitment
07 October 2020JP Morgan Chase - which was recently revealed to be the biggest financier of fossil fuels - has pledged to align its financing with the goals of the Paris Climate Agreement, although one NGO criticised the commitment as "vague".
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Morgan Stanley pledges net-zero carbon emissions by 2050
22 September 2020US banking giant Morgan Stanley has committed to a net-zero financed emissions target by 2050. NGOs said the move "sets a new bar for other major US banks to follow" but pointed out that it lacks "key details".