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Editor's note: The world needs a climate moonshot

Corporate Knights

It also means cutting off financing for new fossil fuel projects, which HSBC (one of the largest banks in the world) and Lloyds (the largest domestic bank in the U.K.) But as former Bank of England (and Canada) governor Mark Carney has made clear, “the biggest threat to achieving 1.5

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ESG squeezed between Republican attacks on ‘woke capitalism’ and climate investors

Corporate Knights

In its NZAM disclosures , BlackRock says it expects its portfolio companies to evolve toward net-zero, which means that it doesn’t need to divest its fossil fuel investments. Banks, investment managers and asset owners all rely on the global system of ESG ratings, which has faced growing criticism. .

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2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

The award, which recognizes high-impact research in sustainable finance, was presented to Stefano Giglio (Yale School of Management), Theresa Kuchler (NYU Stern), Johannes Stroebel (NYU Stern), and Xuran Zeng (NYU Stern).

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Russia: Sanctions and divestment. The case for a nuanced approach

Tobias Webb

Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. The question is whether these developments the a priori good things which they are presented as being, or is the situation actually rather more nuanced? President Putin has hardly made a secret of his expansionist intent.

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NBIM Divestments Driven by Social, Governance Risks

Chris Hall

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

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Report: Meet the top 200 companies investing in a clean energy future

Corporate Knights

To make things easier, Corporate Knights and As You Sow are proud to present the latest edition of the Clean200. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Prisons Company is recommended for divestment by the Investigate project of the American Friends Service Committee. Source: CK) 1.

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What Junior Achievement Has Taught Me

3BL Media

It’s a win-win for the community and the bank. They are present. Teaching JA personally has been a refresher on various aspects of good financial choices and the importance of planning, budgeting, saving, and divesting. It’s been 15 years. My favorite part is seeing the curiosity in a young student.

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