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PIRC calls on investors to oppose Glencore climate report
19 May 2023Proxy advisor Pensions and Investment Research Consultants (PIRC) has recommended that investors oppose mining and commodities trading giant Glencore's climate progress report over the inadequacy of its current targets and plans.
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Just Energy Transition Partnerships still wrestling with coal investments, says Eastspring
18 May 2023Just Energy Transition Partnerships (JETP) still need to solve the challenge of how coal asset owners can be compensated for early retirement of their assets, Eastspring Investments has said.
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Chubb: we have "no control" over insureds' emissions
17 May 2023Chubb's board of directors has said it has no control over its insureds' emissions and no basis to know how any change in its underwriting or investment activity would reduce such emissions.
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Sustainalytics: only one firm is aligned with 1.5°C
10 May 2023Morningstar Sustainalytics has provided further details of its recently launched Low Carbon Transition Ratings, revealing that only one company it has assessed so far is currently aligned to a 1.5°C pathway.
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Transition plans key to stave off threat to financial stability, says Aviva's Waygood
25 April 2023Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.
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US banks facing NYC pension fund pressure on climate targets
24 April 2023Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.
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Japan's largest banks hit by shareholder climate action
12 April 2023Japan's six largest banks and energy companies have been hit by shareholder calls to disclose decarbonisation plans, over concerns that fossil fuel expansion will result in stranded assets.
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Chinese banks not shifting away from coal, says Sustainable Fitch
04 April 2023Despite a movement into 'cleaner' assets, Chinese banks have yet to shift away from coal, which risks leaving many with stranded assets, Sustainable Fitch has said.
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Climate Action 100+ updates net-zero benchmark
30 March 2023Climate Action 100+ (CA100+) has updated its benchmark tool for helping investors to assess the decarbonisation action of companies.
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Insurers' 'failed' climate engagement strategy draws new demands from campaigners
28 March 2023Insurers' climate engagement strategies are failing as major oil and gas producers show no sign of adopting credible net-zero pathways, according to climate campaigners.