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Westpac abandons thermal coal funding in tighter climate policy
04 May 2020Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.
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'Alarming' omission of oil and gas from EU financial disclosure rules draft
04 May 2020EU financial regulators have been criticised for appearing to omit oil and gas from its definition of fossil fuel sectors in its draft environmental, social and governance (ESG) disclosure requirements.
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HSBC closes coal project funding loophole as pressure mounts
01 May 2020HSBC has closed a controversial loophole which allowed the bank to continue to fund coal projects in three countries, but campaigners continued to push for coal funding to be withdrawn altogether.
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Moody's: Plastics manufacturers face 'moderate' risk to credit ratings
01 May 2020Increased regulation poses a risk to the credit quality of plastic packaging manufacturers in the next five years, according to a report from Moody's Investors Service.
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BlackRock launches $430m unconstrained ESG bond fund
01 May 2020BlackRock has launched its first environmental, social and governance (ESG)-focused global unconstrained total return bond fund, opening with over $400 million in assets under management (AUM).
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People Moves, 1 May; Wells Fargo, Newton Investment Management, The Conduit Investment Advisors, ING, State Street, Mirova, Quilter Investors
01 May 2020Wells Fargo AM appoints sustainable investing heads
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M&G and EOS support Barclays fossil fuel funding resolution
01 May 2020M&G Investments and EOS have confirmed they will support a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms, but Norway's sovereign wealth fund will not be supporting it.
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The rise of social investing amid COVID-19
01 May 2020Elisabeth Stadler, chief executive of Vienna Insurance Group, has been one of the industry's most long-standing advocates of social investing - the "S" in ESG. As combating COVID-19 heightens the general awareness of socially-minded investing, she discusses the topic with David Walker
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Former Green Investment Bank CEO Kingsbury joins impact firm
30 April 2020Shaun Kingsbury is to join impact investment specialist The Conduit Investment Advisors as its first CEO.
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Shell dividend cut sends shockwaves through oil & gas sector
30 April 2020Oil major Royal Dutch Shell has slashed its dividend for the first time since 1945, sending "shockwaves" through the oil & gas sector.