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New York Fed climate stress test demonstrates 'substantial' risk for banks
28 September 2021Researchers at the Federal Reserve Bank of New York have published a transition risk-focused climate stress test metric for banks, which demonstrated climate risk was "economically substantial" for some lenders during the 2020 energy crisis.
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US SEC pens sample letter for companies with insufficient climate disclosures
24 September 2021The US Securities and Exchange Commission (SEC) has published an 'illustrative letter' it could send to companies...
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High ESG ratings deliver 'persistent' outperformance in Europe - but not the US
23 September 2021Companies with high environmental, social and governance (ESG) ratings in the EU demonstrated "persistent outperformance"...
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Apex launches carbon footprint service
20 September 2021The Apex Group, a private equity-focused financial services provider with over $1 trillion in combined assets...
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2021 AGM voting season in US marks climate pressure 'escalation and expansion'
16 September 2021The 2021 proxy voting season in the US experienced an "escalation of shareholder engagement on climate-related issues...
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Bank of Finland targets ground-breaking net-zero investment portfolio by 2050
14 September 2021The Bank of Finland has announced it is targeting carbon neutrality within its €8 billion ($9.4 billion) investment portfolio by 2050 at the latest, with further interim targets in preparation by the central bank
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$3.2trn investor group to 'step-up' chemical sector emissions engagement
09 September 2021An 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'.
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Stand-alone ESG supervision supports better company sustainability performance
06 September 2021Companies with dedicated environmental, social and governance (ESG) committees tend to outperform on sustainability those with combined board oversight...
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French financial system 'significantly exposed' to biodiversity risk
31 August 2021The French financial system is 'significantly exposed' to physical and transition biodiversity risk, according to academic research by the country's central bank
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Fast and loose fund names could undermine impact investing - ISS ESG
27 August 2021A "lack of discipline" by fund managers applying the term 'impact investing' to sustainability-themed listed equities strategies could undermine the credibility of the impact market, according to a note by data provider ISS ESG.