Climate change – Page 14
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NewsUK schemes misaligned with climate transition, says XPS study
The average implied temperature rise of scheme holding is 2.8°C, much higher than the Paris Agreement targets of 1.5°C
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NewsCOP28: Denmark’s Velliv calls for more blended finance to speed green shift
Pensions firm calls for government-linked vehicles which fit institutional investors’ risk profile
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NewsSwiss government adds to climate disclosure guidelines for financial products
‘Climate Scores’ now include optional questions about products’ climate-related investment goals
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NewsFrance is first country to transpose CSRD into national law
The Directive will replace the Non-Financial Reporting Directive, laying out much stricter expectations for companies reporting on environmental and social impacts
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NewsMissing link between carbon intensity and ESG ratings drives ‘dilution’
Lack of correlation can complicate efforts from investors who want to lower their carbon footprint, but also take into account other ESG factors
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News‘Milestone’ as investor-led project delivers first country climate assessments
ASCOR framework assesses countries in 13 topic areas for benefit of sovereign bond investors
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NewsMore than 250 financial institutions slated to launch net zero plans in 2024
GFANZ has around 675 members, via its eight sub-groups, up from 450 two years ago
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NewsDutch central bank brings investments in line with Paris Agreement
DNB has been urging pension funds to better account for climate risk in their investment policies for years, and is now putting its money where its mouth is
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NewsNet zero asset owners get direction on policy advocacy, transition plans
‘Impossible’ for asset owners to meet net zero goals without an enabling policy environment
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NewsCOP28: ‘Proof of concept’ launched for public net zero data portal
Also at COP28 a group focused on aligning global policy with net zero emission goals has been launched
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NewsChurch of England Pensions Board outlines strategic plan to reach climate transition goals
CEPB’s climate action plan focuses on key systemic risks like demand for fossil fuels, corporate climate lobbying, climate finance in emerging markets, says Adam Matthews
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NewsAP7’s coal blacklist grows again, while ban on other stocks expires
Swedish pensions default fund describes blacklisting as engagement tool
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NewsBrunel Pension Partnership achieves 75.4% reduction in reserves intensity
The investment pool will work closely with S&P to help with scenario analysis for physical climate risk
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NewsNet zero alignment commitments shoot up for UK pension funds
The percentage of UK pension funds with net zero commitments increased from 57% last May to 68% this year
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AnalysisCOP28: A choice between conflict and cooperation
Arab financials are ideal partners for European pension funds and investors, writes energy market expert Cyril Widdershoven
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NewsSkandia stows $100m in Dutch-backed sustainability blended-finance fund
Swedish pensions firm praises ‘innovative’ structure of SDG Loan Fund for easing flow of institutional money to developing countries
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NewsSBTi seeks financial institutions to pilot updated near-term criteria
Interest needs to be submitted by 14 December
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NewsUncertainty must ‘take centre stage’ in climate scenario advice to trustees
Failure to communicate uncertainty in damage estimates ‘the most glaring flaw in the advice’
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NewsGRI seeks comments on draft standards to enhance climate action transparency
The consultation comes on the eve of the United Nations COP28 climate change summit
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NewsMining 2030 Commission gets supports from 82 investors as members named
Among the 82 investors that are backing the initiative are APG in the Netherlands, USS in the UK, US fund CalSTRS and Canadian pension fund CDPQ
