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Science Based Targets initiative launches financial sector framework
01 October 2020Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.
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Transition finance guidelines to be published 'by end of year'
23 June 2020A working group convened by the International Capital Market Association (ICMA) exploring the theme of 'climate transition finance' expects to publish guidelines by the end of the year, but stopped short of saying when a formal set of principles might be launched.
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S&P Dow Jones launches Paris-aligned index family
21 April 2020S&P Dow Jones Indices (S&P DJI) has launched a family of climate-focused European indexes which are consistent with the specifications of the EU technical expert group on sustainable finance (TEG) report.
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2°II explains its break with Science-Based Targets initiative
06 April 2020A disagreement that caused 2°II to walk away from the initiative boils down to whether it is appropriate to use the term 'science-based' to describe investor decarbonisation targets, writes Christopher Marchant
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CLP to exit coal assets by 2050 amid end to new investments
20 December 2019Asian electricity firm CLP has pledged to no longer invest in new coal-fired power stations ahead of exiting all its coal assets by 2050.
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Science-Based Targets initiative sees uptake double
05 December 2019The Science-Based Targets initiative (SBTi) has seen uptake from corporates double over the past year-and-a-half.
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Boston Common withdraws climate resolutions with Verizon and Home Depot
08 March 2019Boston Common Asset Management has withdrawn its climate-related shareholder resolutions with Verizon Communications and The Home Depot after reaching agreements with the companies.
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Leading retailers and RBC act on supply chain emissions
26 June 2018Three of the world's 20 leading retailers – CVS Health, Target Corporation and Tesco – have joined Walmart in requesting information on their suppliers' carbon emissions as part of an initiative to improve supply chain sustainability.
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Shareholders are increasingly using their muscle on deforestation
03 August 2017Most shareholder resolutions on deforestation led to some form of commitment from the company to address the problem, research has found.
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EDP emissions reduction plan approved by Science-Based Targets
27 February 2017Portuguese utility EDP's emissions reduction plan has been confirmed as in-line with the Paris Agreement goal of keeping global warming well below 2°C, by NGO Science-Based Targets (SBT).