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HSBC pledges to stop financing new oil and gas
14 December 2022HSBC has announced it will not finance any new oil and gas fields, in a move a pressure group said sends a strong signal to other banks to follow.
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Railpen to vote against chair if companies' transition plans unsatisfactory
05 December 2022UK Railway pensions manager Railpen has warned companies it will consider voting against the re-election of their chair, if it deems their transition plans unsatisfactory.
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AIGCC calls on governments to clarify adaptation financing
28 November 2022The AIGCC has called on governments to provide further clarity on how their National Adaptation Plans will be financed.
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NZIA's underwriting emissions protocols open door to greenwashing
10 November 2022The Net-Zero Insurance Alliance's (NZIA) protocols for decarbonising underwriting portfolios must include Scope 3 emissions targets, otherwise it could "open the door to greenwashing", said leading climate campaigner Peter Bosshard.
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COP27: UK's guidance on gold standard transition plans 'to have global significance'
08 November 2022Proposed guidance for producing 'gold standard' transition plans has been described by EY as "an extremely important step in the right direction towards driving the UK towards a net zero future".
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Investors urged to vote against Sembcorp coal plant deal
07 November 2022The financial engineering behind Sembcorp's proposed sale of two coal-fired plants means the transaction is a "quick and dirty solution" to decarbonisation, and highlights the weaknesses of some sustainability-linked bond (SLB) structures, a think-tank has argued.
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NZIA launches methodology for insurers to hit net-zero goals
03 November 2022The Net-Zero Insurance Alliance (NZIA) has launched a public consultation on how its member firms will reach their goal of achieving net-zero greenhouse gas (GHG)...
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UOB sets 2050 net zero target, rules out new oil and gas financing
31 October 2022United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.
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$100trn of investment needed to reach net-zero, report finds
25 October 2022Over $100 trillion is needed to 'green' the world's capital stock and reach net zero by 2050, a report by BNY Mellon and Fathom Consulting has found.
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Governments should compensate investors for stranded assets, says IISD
24 October 2022Governments should compensate oil and gas investors for stranded assets to avoid costly tribunals, the International Institute for Sustainable Development (IISD) has said.