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Most financial institutions don't push for ambitious EU sustainable finance strategy
23 September 2020Many financial institutions are failing to support an ambitious EU sustainable finance strategy, according to a report on lobbying by NGO InfluenceMap, with just a handful supporting and actively engaging with the European Commission's policy.
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Ratings agency Kroll warns on possible US curbs on ESG investments
22 September 2020Proposed rules on the fiduciary duties of US pension plans "could have far-reaching implications for the investment community as well as on any investments that aim to create a positive social or environmental impact," according to ratings agency Kroll.
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Alok Sharma: COP 26 'will see agreement' on Article 6 debate
22 September 2020Alok Sharma, president of the United Nations Climate Change Conference (COP26) has spoken of his confidence in Article 6 of the Paris Agreement - relating to carbon markets and yet to be ratified - being agreed next year.
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Big four accountancy firms agree universal ESG disclosure framework
22 September 2020A set of 'universal' environmental, social and governance (ESG) assessment criteria has been published by the World Economic Forum (WEF) and the 'big four' accountancy firms.
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'Insurers could collaboratively engage with companies over transition plans'
22 September 2020The insurance industry could collectively engage with fossil fuel companies over their plans to transition to low-carbon business models before they agree to insure them, according to the head of Willis Towers Watson's Climate and Resilience Hub.
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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".
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SEBI sets up Indian social stock exchange 'technical group'
22 September 2020The Securities and Exchange Board of India (SEBI) has established a 'technical group' to develop a national social stock exchange, that will enable for-profit and non-profit investors to allocate to social impact opportunities.
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Voting opens for Environmental Finance's 21st Annual Market Rankings
22 September 2020Voting has begun in Environmental Finance's Annual Market Rankings - the largest and most closely watched survey of the world's environmental markets, which is now in its 21st year.
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EU carbon market update: 21 September 2020
22 September 2020The outlook for EU Allowances is bearish this week, but industrial buyers could provide some support, says Tom Lord*
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IFC tightens coal phase-out conditions on financial clients
22 September 2020The International Finance Corporation (IFC) has strengthened its approach to thermal coal investment exposure among its financial institution clients, announcing it will not make equity investments in firms that do not have a phase-out plan in place.