Financials
May 11, 2023
Directors’ personal liability insurance cover in limbo over climate litigation
A rise in ESG-related lawsuits and increased scrutiny of board directors’ responsibilities for climate disclosure obligations are revealing grey areas in management liability policies. Company...
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May 11, 2023
Top asset managers fail to monitor human rights in their investments, says ShareAction
Almost two-thirds of the biggest asset managers do not regularly review human rights issues in investments’ supply chains, says non-profit ShareAction, and a fifth only...
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May 9, 2023
Financial service coal divestment policies double over three years
With the number of financial institutions divesting from coal doubling between mid 2019 and the end of 2022, think-tank IEEFA says it is European companies...
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May 2, 2023
Do ESG resolutions stand a chance at banks’ AGMs?
Though a Securities and Exchange Commission rule change has opened the gate for greater numbers of sustainability proposals, the outcome of shareholders' resolutions on ESG...
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April 24, 2023
Sovereign debt surges in green bond market
Government bonds now account for a fifth of the Bloomberg MSCI Green Bond Index. Sovereign bonds where proceeds are purely designated for green projects have...
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April 20, 2023
Downgrades expected as MSCI amends methodology for ESG fund ratings
The ratings provider is implementing a new approach to swap-based exchange traded funds to give ‘more accurate assessments' of ESG factors to investors. MSCI’s changes...
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April 5, 2023
Goldman Sachs AM: insurers could raise premiums and exit business lines due to climate change
Research by Goldman Sachs Asset Management has found challenges in insuring certain business lines exposed to extreme weather events, with experts pointing to property and casualty as the areas most...
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April 4, 2023
Campaigners urge CEOs of 30 major insurers to tighten fossil fuel policies
The chief executives of Zurich, Munich Re and other insurance groups should close “numerous loopholes in policies and standards" that allow the continuous underwriting of fossil fuel expansion, say campaigners....
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March 28, 2023
Swiss banks finding loopholes to fund fossil fuel activity, says report
Study deems Swiss financial companies ‘complicit’ in funding fossil fuel growth, with UBS likely to become a European giant in the area following its acquisition of Credit Suisse. The Swiss...
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March 27, 2023
UK pension schemes could improve climate disclosures, regulator finds
A review of selected UK pension schemes’ annual climate reports finds that more could be done, as funds come to terms with new regulations on climate-related risk. The Pensions Regulator...
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March 21, 2023
UK financial regulator demands improvements on ESG benchmarks
The FCA has told benchmark administrators that they are failing to correctly implement ESG benchmarks’ methodologies. The Financial Conduct Authority has written to ESG benchmark administrators about the lack of...
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