Nearly nine in 10 investment professionals doubt that climate risks are being correctly priced into company valuations, a major poll reveals. The survey, conducted by the prominent Global Sustainable Investment Alliance (GSIA), found an overwhelming 87% of respondents do not believe markets are consistently and correctly pricing climate risks into company and sector assessments. Disbelief […]
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Stewardship moves beyond box ticking The Financial Reporting Council (FRC) has published a new UK Stewardship Code which is due to come into effect on 1 January 2020. The revised Code has set a higher standard for how money is invested on behalf of UK savers and pensioners that the FRC said reflects “the changing […]
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The UK’s financial regulator has published its long-awaited proposals to tackle inadequate climate change disclosures by firms. The Financial Conduct Authority’s (FCA) proposals follow feedback from stakeholders to its October 2018 discussion paper on climate change and green finance. Its proposals include consulting on new rules to improve climate-related disclosures by certain firms and clarifying […]
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Environmental groups take aim at US corporates Eleven of the world’s leading environmental groups have written an impassioned open letter imploring America’s big corporates to step up their climate change efforts. The letter, published in the New York Times, urged CEOs of US corporations to adopt science-based climate policies to help achieve net-zero emissions by […]
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The warnings have been coming thick and fast. From the world’s central banks, to leading academics and regulators – many believe the global financial system faces a serious and potentially catastrophic fallout from climate change risks.
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Prosecutors allege Exxon pressured witnesses in climate case US prosecutors have accused Exxon Mobil of harassing investors and intermediaries in the lead up to a forthcoming court battle over whether the energy giant deliberately misled people on the cost of climate change to its business. A lawyer for the New York Attorney General has called […]
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