Climate: the UK takes action against deforestation

Climate: the UK takes action against deforestation

The British government wants to ban restaurants and supermarkets from selling food products linked to illegal deforestation. It’s not just Brexit that drives politics across the Channel. Boris Johnson’s government is also stepping up in the mobilization of the fight against climate change. Latest proposal: ban supermarkets and restaurants from selling products linked to illegal deforestation. In its environmental bill, parliament would make it illegal in the UK to sell beef, soybeans and other raw…

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Climate risk: banks behind on the transparency project

Climate risk: banks behind on the transparency project

The European banking authority is launching a consultation with the European banking sector on Monday to ensure its ability to publish its exposure to climate risk. A first survey carried out by the EBA shows that establishments are far from being able to achieve this. The pressure is increasing on the banking sector. On Monday, the European Banking Authority (EBA) is launching a consultation aimed at establishing to what extent the banking sector is able…

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The AMF on the verge of becoming the policeman of the carbon footprint

The AMF on the verge of becoming the policeman of the carbon footprint

An amendment to article 23 of the Pacte law provides for giving the AMF the responsibility of evaluating and proposing uniform climate-related methodologies. The Autorité des marchés financiers could soon be given a new mission. An amendment to article 23 of the Pacte law (the action plan for the growth and transformation of businesses will soon be debated in public session in the National Assembly) provides for giving it the responsibility of ” [veiller] the…

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Pension funds do not take climate change into account enough

Pension funds do not take climate change into account enough

More than 60% of the world’s large public pension funds do not or hardly take climate into account in their investments. How do pension funds take climate change into account? The question is not anecdotal. With combined assets of more than $ 11 trillion, the pension sector accounts for one-third of institutional investor assets. The British NGO Asset Owners Disclosure Project (AODP) published on Monday a ranking of the 100 largest public pension funds in…

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Coronavirus: business climate collapses to all-time low

Coronavirus: business climate collapses to all-time low

Questioned during a period of confinement, business leaders have low morale, both for their activity and for employment. INSEE, which has collected fewer responses than usual due to confinement, warns that the fall could be greater. In a France at a standstill, the business climate fell, without any real surprise, in April. And while, according to the latest available estimates, France has already entered a recession, the business climate, calculated by INSEE, reached its lowest…

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Climate: US asset managers singled out for their inaction

Climate: US asset managers singled out for their inaction

According to the ShareAction study, they are reluctant to hold companies to account on climate issues in general meetings, especially when it comes to the biggest giants. European asset managers are less complacent in the face of global warming, according to the British NGO. When it comes to climate, the gap between the rhetoric of American asset managers and their actions is starting to show. Most of them never cease to reiterate their commitment to…

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The climate commitment of managers scrutinized

The climate commitment of managers scrutinized

The NGO InfluenceMap measured the commitment of asset managers to companies on climate issues, an indicator favorable to French managers. French managers can be proud, they top the InfluenceMap ranking for their climate commitment to listed companies. The British NGO scrutinized the actions of the 15 largest global asset managers and a few other players. BNP Paribas Asset Management takes the best rating awarded by the association, A +, while Axa and Amundi follow behind….

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Climate: in the face of criticism, BlackRock corrects the situation

Climate: in the face of criticism, BlackRock corrects the situation

BlackRock, the global leader in asset management, has joined Climate Action 100 +, an organization of more than 370 investors who want to push the world of finance to act for the environment. The American manager wants to silence the accusations of “greenwashing”. BlackRock wants to restore its image. The global asset management giant joined the influential investor group Climate Action 100 + on Thursday, committing to do more to strengthen the consideration of environmental…

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BlackRock in the sights of the Sisters of Mercy

BlackRock in the sights of the Sisters of Mercy

The Order of American Nuns last month tabled a resolution for BlackRock’s general assembly asking it to review its voting policy on climate resolutions. The American giant will have to show white paws during the next AG season. The ecological conversion of BlackRock is far from an epiphany. The world’s largest manager has been targeted more and more frequently in recent months, in France and elsewhere. Lately, it is an order of American nuns, the…

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Climate: Exxon in the sights of its shareholders

Climate: Exxon in the sights of its shareholders

The American oil company is singled out by one of the big European asset managers for its lack of climate strategy. Several of its competitors have already made strong commitments. After Shell, BP, Equinor and Total, it is Exxon ‘s turn to come under pressure from its shareholders in the fight against global warming. One of them, the British Legal and General Investment Management (LGIM) – the second largest European asset manager behind the French…

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