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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”

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Asian Investors Embrace Net Zero Commitments

Chris Hall

Portfolio-wide commitments to net zero emissions have surged among Asian investors, according to a new study from The Asia Investor Group on Climate Change (AIGCC). A total of 40% of survey respondents had committed to net zero emissions, compared with none the previous year.

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ESG Today: Week in Review

ESG Today

Pfizer Announces 2040 Net Zero Commitment. SLC Management Commits $139 Billion Portfolio to Net Zero by 2050. European Lawmakers Defeat Move to Keep Nuclear and Gas out of Green Investment Taxonomy. K2 Launches ESG Certification for Fund Managers to Tackle Greenwashing Risk. ESG Services and Tools.

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Take Five: Nature Takes New York

Chris Hall

Nine out of ten – Using home-field advantage in New York Climate Week , US Treasury Secretary Janet Yellen unveiled nine “voluntary” ‘Principles for Net-Zero Financing and Investment’, aimed at promoting “consistency and credibility” in the actions of financial institutions that have made net zero commitments.

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Take Five: Into the Stratosphere

Chris Hall

The European Markets and Securities Authority (ESMA) released an analysis that noted the “absence of harmonised and standardised reporting requirements” for private sector actors against SDG targets, and concluded that most funds claiming to contribute to SDGs neither explained clearly how they aligned, nor invested any differently to non-SDG funds.

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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

A proposal made by the Dutch Authority for Financial Markets last month suggested the current SFDR framework could be improved by discarding the current Article 8/Article 9 distinction and replacing them with three categories.

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Can Taxonomies Mobilise Capital for Indonesia’s Coal Phase-out?

Chris Hall

The government is putting together a comprehensive investment plan (CIP) to fund its net-zero aim. For the power sector alone, state utility Perusahaan Listrik Negara has repeatedly stated a need for at least US$500 billion to reach its net-zero goal by 2060, far surpassing the state budget’s funding capacity.