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Banks with $29trn in assets pledge to set 2050 'net zero' targets
21 April 2021A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".
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Planet Tracker identifies deforestation risk behind ETFs
18 December 2020Exchange traded funds (ETFs) from asset managers including BlackRock (iShares), Vanguard and State Street hide entrenched deforestation risk from investors, according to sustainability think tank Planet Tracker.
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BlackRock, Vanguard climate and social voting records continue to disappoint
01 December 2020Asset managers' proxy voting record on shareholder resolutions for climate and social issues continued to disappoint in 2020, according to a report by ShareAction, with US giants BlackRock, Vanguard and Capital Group among the worst performers.
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ESG in Fixed Income Europe 2020 conference round up
16 November 2020Environmental Finance's ESG in Fixed Income Europe 2020 virtual conference ended after two days of panels, speed networking sessions, and discussion groups.
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State Street: Covid-19 demonstrates social criteria are financially material
13 November 2020ESG in Fixed Income Europe 2020 conference: Pandemic has made it evident that ESG criteria are absolutely financially material for companies
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AgriFunds urged to improve natural capital risk disclosure
07 July 2020Food and agriculture funds have been urged to improve reporting on nature-related risks, after a report showed major investors in the sector were materially exposed to the financial risks associated with natural capital threats.
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People Moves: SSGA, UBS
13 September 2019State Street hires Funk
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Poor ESG data hinders investment decisions, says SSgA
26 March 2019The opaqueness of data around environmental, social and governance (ESG) investing is acting as an impediment to institutional investors, such as insurers, who want to commit more to their programmes, according to State Street Global Advisors' (SSgA) head of ESG Rakhi Kuma.
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People Moves: Carbon Tracker, State Street Corporation, ANZ Bank New Zealand and MFS Investment Management
22 March 2019Anthony Hobley, chief executive officer of not-for-profit financial think-tank the Carbon Tracker Initiative, will step down and join the organisation's advisory board as co-chair from April.
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US asset manager gears up to launch index-linked green bond fund
16 January 2017A major US asset manager is set to launch an index-linked green bond fund.