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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time.

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Whether pandemic or climate crisis, you better get your data right

GreenBiz

Since then, the asset manager backed two proposals at the annual general meetings of both Chevron and Exxon, related to the manner these companies conduct themselves in relation to Paris Agreement targets. The previously mentioned CDP has a large database of disclosures. Translating demands into dollars.

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Businesses and investors need to roll up their sleeves and join the race to revive biodiversity

Corporate Knights

Unlike the climate crisis that led to the signing of the Paris Agreement , biodiversity loss has received little attention until now. This year, the non-profit CDP, which runs the world’s environmental disclosure system, included new questions to assess firms’ approaches to biodiversity. There are, however, positive signs.

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Companies Willing to Provide Biodiversity Data Ahead of COP15

Chris Hall

The majority of large companies are willing to disclose their biodiversity risks and impacts, according to data from non-profit environmental disclosure platform CDP. CDP was founded two decades ago as a platform for reporting climate-related disclosures, but is expanding its operations to cover a wider range of environmental data. .

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EU CSRD: Sustainability Reporting Delayed and Narrowed

Chris Hall

EU supervisors, including the European Central Bank and European Securities and Markets Authority , supported this simplified mandatory standard for SMEs. . They were initially included via a simplified framework with a three-year application delay compared to the timeline for large companies.

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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi

Chris Hall

According to the initiative’s latest report, Foundations for Science-Based Net-Zero Target Setting in the Financial Sector, banks, asset managers, insurers, and pension funds should ensure their operational and financing activities, as well as Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, are aligned with global net-zero goals.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions.

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