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Low water levels pose credit risk for German manufacturers, says Moody's
11 August 2022Water levels in the Rhine, which are at their lowest since 2018, are 'credit-negative' for German chemicals companies, said Moody's Investors Service.
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Commonwealth Bank to face shareholder resolution on emissions targets
10 August 2022The Commonwealth Bank of Australia (CommBank) is to face a shareholder resolution which calls on the bank to stop financing fossil fuel expansion.
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Australian super fund NGS Super divests from oil and gas
04 August 2022Australian fund NGS Super has divested from companies involved in oil and gas exploration and production.
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No oil and gas company has credible transition strategy
20 July 2022No oil and gas company has laid out a clear path away from fossil fuel production, said Sustainable Fitch.
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Risk of a rush to green assets necessitates policy clarity, says BoE official
13 July 2022The risks to financial stability posed by a disorderly transition will rely on companies and investors having a clear view of the future, a senior Bank of England official said.
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Bank of England told to expand work on nature-related risk
05 July 2022The Bank of England's Financial Policy Committee (FPC) has recommended the central bank expand its work on nature-related risks, in a move heralded as a first.
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Global capital requirement for climate risks is crucial for transition
29 June 2022Japanese regulator recommends framing global warming as "a time bomb" to spur action
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LGIM divests two laggards as part of 'climate pledge'
14 June 2022Legal & General Investment Management (LGIM) is to divest two companies from funds managing £87 billion ($105 billion) for failure to take action on greenhouse gas emissions,...
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Coal business resorts to "haphazard coalition" of insurers as giants retract
10 June 2022Financiers and governments at risk if they accept inexperienced underwriters, says Insure Our Future
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Macron and Bloomberg launch climate data transparency drive
06 June 2022An initiative has been launched to boost transparency on climate data, and allow companies to be "held accountable" for their net zero commitments.