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Showing 621 - 630 of 3119 results for "ACT"

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
As of May 2024, over 7,500 institutional investors hold US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Vanguard ($413 bn), BlackRock ($400 bn), State Street ($171 bn) ...

Microsoft makes largest ever offset purchase

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... technology is not commercially or scientifically viable, the company is shielded under the Private Securities Litigation Reform Act of 1995. The credits are facilitated by STRATOS, 1PointFive's first industrial-scale DAC facility currently under construction ...

M&A deals ramp up ESG checks

ROSE MARY PETRASS  |  WEDNESDAY, 10 JUL 2024  |  NEWS
ESG pressures are now a priority when it comes to getting deals over the line. Headwinds have failed to sway ESG due diligence in M&A transactions globally, a new report from KPMG finds. Dealmakers say ESG is new business-as-usual. Four in five dealmakers ...

Future Super returns 10.1% to ethically minded members

JAMIE WILLIAMSON  |  MONDAY, 8 JUL 2024  |  NEWS
Future Group's flagship super offering has returned 10.1%, while Verve Super achieved 9.9% last financial year. The results are for the Future Super Balanced Index option and Verve Super's standalone strategy. Future Group said the results are ...

Groups unite against carbon offsets

ROSE MARY PETRASS  |  MONDAY, 8 JUL 2024  |  NEWS
A group of more than 80 global finance industry advocates bodies and nonprofits have come out against the use of carbon offsets, in a letter stating they only delay action. Signatories include Banktrack, Reclaim Finance, ShareAction, Finance Watch ...

SBTi chief Luiz Amaral to step down

ROSE MARY PETRASS  |  THURSDAY, 4 JUL 2024  |  NEWS
The group tasked with defining best practice in science-based emissions reduction goals seeks a new CEO. Luiz Fernando do Amaral will step down from his role for personal reasons at the end of July. Susan Jenny Ehr, currently chief legal officer, will ...

Over half of firms created new net zero roles: Deloitte

ROSE MARY PETRASS  |  WEDNESDAY, 3 JUL 2024  |  NEWS
... overwhelmingly said their current aims are to generate directional targets that are proxies for the firm's ambitions and act as meaningful guides to action and agents of change.

ISO to launch first net zero standards

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
The International Organization for Standardization (ISO) will develop its first international net zero standard to launch at COP30 in November 2025 in Brazil. The standard will be an expansion of the ISO Net Zero Guidelines launched at COP27. It aims ...

Allspring defends exit from climate group

ROSE MARY PETRASS  |  TUESDAY, 2 JUL 2024  |  NEWS
The global asset manager commented on its departure of the Climate Action 100+ (CA100+), stating it will not abandon climate goals. Allspring said it exited CA100+ so it could take a more customised approach. The Investor Group on Climate Change (IGCC) ...

Investors exit climate group amid politicisation

ROSE MARY PETRASS  |  MONDAY, 1 JUL 2024  |  NEWS
... runs CA100+ in Australia, confirmed that AllianceBernstein and Allspring have exited. "Despite investors seeking to simply act in the best interest of their clients and beneficiaries, in the USA in particular, investor stewardship in relation to climate ...