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Investors face rising biomass risks, says ShareAction
07 February 2019Investors are exposed to increasing financial and reputational risks from investments in biomass energy, as the greenness of the fuel is becoming more and more doubtful, an NGO has argued.
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Bondholders ‘fail to engage on climate change’
31 January 2019Bondholders have little appetite to engage with companies on climate change, and are relying on governments to step in to resolve the problem, a study has argued.
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Barclays' energy policy backs tar sand projects with 'big money', say campaigners
16 January 2019Barclays' revised energy policy has been criticised by environmental pressure groups as underwhelming in ambition, as it provides "big money" for tar sand projects.
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BlackRock urged to back words with actions in AGM season
14 January 2019The world’s largest money manager has been pressured to back climate-related shareholder resolutions, in a letter addressed to its CEO Larry Fink by investors and NGOs.
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EU Parliament votes for supervisors to consider sustainability factors
11 January 2019A proposal that could empower European Supervisory Authorities (ESAs) to include sustainability risks when monitoring financial institutions has won a key vote in the European Parliament.
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European Commission provides the sustainability weapon... ammunition to follow
11 January 2019Investment professionals have given a mixed reaction to draft EU rules on integrating sustainability in the fiduciary duty of investment firms and insurers. These rules are tied to another piece of legislation currently being designed and whose outcome could lead to significant change… or further greenwashing. Vincent Huck reports
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People Moves: Gold Standard, Cicero, Investec AM and ShareAction
30 November 2018Yvo de Boer has been announced as new president-elect of the Gold Standard Foundation Board, replacing David Shelmerdine.
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People moves: Aviva, ShareAction, Calvert
12 October 2018Mark Wilson is to step down as CEO of Aviva in April 2019.
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ShareAction publishes recommendations for banking engagement
27 September 2018NGO ShareAction has published a list of climate-related themes on which investors can engage banks.
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Standard Chartered to cease financing new coal-fired power stations
25 September 2018Standard Chartered has announced that it will stop financing any new coal-fired power projects, in any location, as part of its commitment to support the Paris Agreement on climate change.