Castlefield Q&A part 2: Large CSR departments can skew ESG ratings
Lack of data and consistency are big problems
Environment
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ClientEarth legal challenge exposes ‘credibility risk’ of EU taxonomy
NGOs argue fossil gas inclusion in the EU’s sustainable finance taxonomy is unlawful
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Pictet AM launches China environmental fund
The strategy is led by Yi Du, who is based in Geneva
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Schroders launches first sustainable long term assets fund for UK pensions
Impact objective is to contribute positively to climate change and support the transition towards net zero
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CDP rallies 750 finance firms for renewed environment disclosure calls
This year targeting 15,000 companies
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Biden announces $6bn to ‘drastically’ cut industrial emissions
Industrial sector contributes nearly a third of US carbon emissions
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‘No evidence’ pension fund TCFD reporting driving change on climate
Some pension funds ‘only viewing it as a compliance obligation’
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Global Returns Project partners with UK wealth firm on climate portfolio
Leading Edge will now be able to offer GRP’s portfolio of climate philanthropy investments
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Indonesia identifies first coal plant to retire early
The country is the world’s biggest thermal coal exporter and heavily reliant on the fuel for electricity
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The top companies to invest in using a refugee lens
Researchers at RII say the refugee crisis poses a clear systemic risk
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Columbia Threadneedle launches sustainable equity fund
Managed by Nick Henderson
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Europe’s five biggest banks face $1trn investor anger for fossil fuel financing
Institutional investors are urging them to stop directly financing new oil and gas fields in 2023