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ShareAction hires biodiversity programme development manager

$3.2trn investor group to 'step-up' chemical sector emissions engagement

An investor working group has been formed to "step-up" engagement with major chemical firms around their carbon emissions, arguing the sector has been "neglected" by investors as being 'hard-to-abate'.

'Even leading banking practices fail basic climate, biodiversity tests' - ShareAction

Most of Europe's largest banks have targets to reduce their greenhouse gas emissions to net zero - but very few banks have taken concrete steps to achieve this and even leading practices in the sector fail "basic" quality tests, according to research by non-profit ShareAction.

EU social taxonomy: 'Time for investors to treat social & environmental factors equally'

Investors and non-profits have cautiously welcomed proposals for a European taxonomy of social economic activities but warned the bloc may struggle to identify criteria to judge the activities.

G7 backs mandatory TCFD reporting

The Finance Ministers and Central Bank Governors of the Group of Seven (G7) wealthy democracies have expressed their support for "moving towards mandatory climate-related financial disclosures", setting the stage for such reporting to become the norm across multiple jurisdictions.

HSBC shareholders vote resoundingly for 2040 coal phase-out

More than 99% of HSBC shareholders backed a resolution put forward by the bank's management that the company phase out financing for the coal industry in the OECD by 2030, and by 2040 worldwide.

US insurers unfailingly poor on ESG, report finds

SBTi, PACTA 'should not be seen as certification of banks' Paris alignment'

Methodologies widely used by banks to show how they intend to meet decarbonisation targets should not be regarded as certification that banks are aligned with the Paris Agreement - and could even increase the risk of 'greenwashing', according to a ShareAction report.

News round-up: S&P, Barclays, EU taxonomy and more

Investors worth $4.3 trillion call on Barclays to stop coal and oil corporate financing