Financials
August 29, 2023
In Charts: BlackRock, Vanguard drop support for climate and social resolutions
Support for environmental and social shareholder resolutions seems to be waning, with BlackRock and Vanguard backing only 7 per cent and 2 per cent of...
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August 8, 2023
US insurers urged to take climate action amid impact on coverage
New research reveals that US insurers held $536bn in assets linked to fossil fuels in 2019 – even though some have blamed climate change for...
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August 1, 2023
Asset managers are not ‘walking the walk’ on climate stewardship, think-tank claims
Asset manager climate stewardship efforts are stagnating and there is little support for sustainable finance policy, says FinanceMap. A new report has laid bare a divide...
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July 4, 2023
Investors still putting profit before people and planet, says ShareAction
The UK not-for-profit has criticised the current ‘piecemeal’ approach to responsible investment and is issuing its own definition and guidance. However, investment managers say more...
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June 22, 2023
What does the future hold for Gfanz?
Can the Glasgow Financial Alliance for Net Zero keep things together, when its various associations are fast losing members? The attempt to unite the investment...
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June 16, 2023
LGIM takes aim at company chairs with stronger climate engagement
The UK's largest asset manager is widening its analysis of corporate climate policy and ramping up pressure on boards. Legal & General Investment Management says...
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June 5, 2023
Three-quarters of asset managers have no deforestation commitments, says ShareAction
Most asset managers have not pledged to shield natural habitats from deforestation, nor have they adapted their investments to tackle climate change, according to a new report. Almost three-quarters of asset managers...
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May 30, 2023
Lloyd’s of London urged to align with Paris Agreement goal
Activist Greenpeace Nordic is calling on the Lloyd’s of London market to cease insuring ‘new and expanded’ oil, coal and gas projects in Norway and across Europe. Lloyd’s of London...
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May 25, 2023
Funds embrace ESG terminology in prospectuses
More funds are including detailed ESG criteria in their prospectuses, reflecting tighter regulatory enforcement over greenwashing, according to ISS. The number of mutual funds and exchange traded funds explaining their...
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May 23, 2023
Bank targets should account for all facilitated capital markets emissions, says ShareAction
Disagreement among banks over the weighting of facilitated emissions threatens to lead to a watering-down of the Partnership for Carbon Accounting Financials’ framework, according to one campaign group. Non-profit environmental,...
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May 17, 2023
Call for JPMorgan transition plan garners 35% support at AGM
A proposal to disclose JPMorgan Chase's climate transition plan was ultimately blocked but it received record support from shareholders as the large fossil fuel financer faces increasing pressure to solidify...
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