Sector Focus
February 28, 2023
World's largest asset managers have ‘serious gaps’ in ESG policies, says ShareAction
A global study has found that most large asset managers are failing to invest “in a way that will protect climate, biodiversity and people”. Two-thirds...
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February 27, 2023
UK pensions regulator threatens fines in clampdown on schemes’ ESG disclosures
The Pensions Regulator is increasing its scrutiny of pension schemes’ compliance with ESG disclosure rules. Pension schemes will be contacted by The Pensions Regulator to...
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February 23, 2023
Europe’s digital energy companies grapples with lack of clarity from EU
Companies are frustrated with the lack of detail from the EU about how to manage the digitalisation of the bloc's energy sector alongside the demands...
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India’s renewables tendering fails to match its ambitions
While India is one of the world’s largest producers of renewable energy, its tendering process has slowed, and is at odds with government targets. India...
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February 23, 2023
UK public pension schemes urge oil companies to make ‘quality’ climate pledges
A group of local government pension schemes will vote against the chairs of oil producers failing to meet climate benchmarks and banks’ sustainability committee chairs...
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February 22, 2023
EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’
The decision to help the steelmaker to build green hydrogen-powered plants in Europe while it maintains coal-reliant production elsewhere has drawn criticism. The European Commission...
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February 22, 2023
UK parliament weighs adding climate assessment to banking regulator’s duties
The Prudential Regulation Authority would be asked to consider the impact of climate change on financial stability, and review institutions’ exposure to fossil fuels, under tabled amendments to the Financial...
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EU Green Deal Industrial Plan: ‘We were expecting more’
Brussels’ proposals for green industrialisation lack detail and direction, say European businesses – especially compared to the hefty incentives offered by the US government and the country's net zero market...
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February 13, 2023
Explainer: Where do the oil majors stand on the green transition?
Oil companies have come under fire after announcing record profits for 2022 and are facing intense scrutiny over their investments in renewable energy. Shell, BP and TotalEnergies were among the...
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February 8, 2023
UK government sets up dedicated ‘Energy Security and Net Zero’ department
Prime minister Rishi Sunak breaks up the Department for Business, Energy and Industrial Strategy to re-establish a dedicated energy department as part of a cabinet reshuffle. The British government has...
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February 7, 2023
IEA highlights supply chain risks for clean energy technologies
Report suggests governments must do their due diligence on ESG to avoid reputational damage to the clean energy sector, and guard against supply chain problems with critical resources. Governments’ policies...
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