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Many climate scenarios of limited use, as they don't model most likely case - Abrdn
30 August 2023Widely used models for projecting future impacts of the energy transition are of limited use for investors as they fail to project the most likely level of warming, an investor has argued.
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HKMA sets 'transition principles' for banks
30 August 2023The Hong Kong Monetary Authority has called on banks to follow a set of high-level principles for transition planning.
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SBTi's financial sector framework will enhance its credibility, says IEEFA
25 August 2023The Science Based Targets initiative's (SBTi) proposed standards for financial institutions will help boost the initiative's credibility, says the Institute for Energy, Economics and Financial Analysis (IEEFA) - although there is still room for improvement.
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Banks: 'Real climate liability' risk from transition plan failings
17 August 2023Banks face "very real" climate liability risk if their transition plans are fall short in capturing the full extent of their emissions, according to a report by lawyers.
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US asset manager climate ambition 'reversed' amid ESG backlash, research says
01 August 2023US and Japanese asset managers have been named the worst offenders for climate inaction, with the climate ambition of US managers "reversing" progress from recent years, according to analysis by InfluenceMap.
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CDP: 90% of companies failing to set 2025 deforestation targets
06 July 2023More than 90% of companies that reported to CDP have yet to publicly commit to ending deforestation by 2025 for at least one commodity.
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Investors 'starting to price-in biodiversity risk'
06 July 2023Biodiversity-related policy events such as COP15 triggered stock downturns in companies with the largest biodiversity footprints, according to research.
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NZIA ditches all emissions targets for insurers
06 July 2023The Net-Zero Insurance Alliance (NZIA) has scrapped all requirements for member firms to set and publish emissions reduction targets following a mass exodus of members in recent months.
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Actuaries crunch the numbers on climate scenarios - and warn many are 'implausible'
04 July 2023A membership body for actuaries has warned financial institutions against relying unquestioningly on climate-related scenarios, with results from some models "far too benign and, in some cases, implausible".
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Sustainable Fitch launches oil & gas transition assessment
03 July 2023Sustainable Fitch has launched a transition assessment tool for oil and gas companies, to "provide greater visibility on targets, commitments and actions to date".