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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. and Canadian banks and large investment managers. . and Canadian banks and large investment managers. . He writes on sustainable business and finance.

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UK Launches “Green Nudge” Initiative to Encourage Sustainable Investment Choices

ESG Today

The UK government’s Department for Works and Pensions (DWP) announced today the launch of “Green Nudge”, a new three-week trial aimed at encouraging pension savers to make green investment choices and increase engagement on the sustainability of pension investments.

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Passive Assets Standing in the Way of Net Zero Commitments

Jon Hale

End of Week Notes Another reason to redouble active ownership efforts The sense of optimism that permeated the first week of the COP26 global climate summit in Glasgow took a sobering turn this week as overall commitments appeared to fall short of the goal of limiting global temperatures from rising more than 1.5 degrees Celsius.

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Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

Just before the launch of COP26, the UN climate conference in November, the DivestInvest network calculated that endowments, portfolios and pension funds worth nearly US$40 trillion have now committed to divesting their fossil fuel holdings. Eroding public support for the sector has been considered valuable work in itself.

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This Week’s Tech and Tools News: FTSE Russell Presents Net Zero Index Series in Japan

Chris Hall

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including FTSE Russell, BondLink, Moody’s, Intercontinental Exchange and more. . It consists of two indexes, the FTSE JPX Net Zero Japan 500 index and the FTSE JPX Net Zero Japan 200 index.

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A tidal wave of new carbon emissions data soon will be upon us

GreenBiz

Sustainable investments should grow as divestment from carbon-intensive industries intensifies. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climate change. Faster private- and public-sector innovation to get emissions down should follow.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

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