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BlackRock Votes Against Volvo Chief on Lack of Climate Risk Disclosure
BlackRock voted last week to oust the chief of Swedish manufacturing giant AB Volvo, citing his role in the company’s perceived failure to adequately disclose its climate risks. The world’s largest asset manager, which promised at the start of the year to make sustainability a cornerstone of all investment activity, said that it […]
Governor of the Bank of England Issues Climate Change Warning
The global financial system faces an existential threat from climate change and must take urgent steps to reform, the governors of the Bank of England and France’s central bank warned. Mark Carney, the Bank’s governor, and François Villeroy de Galhau, the governor of the Banque de France, said financial regulators, banks and insurers around the world had to […]
HSBC the Latest Bank to Announce End to Fossil Fuel Investments
Global banking giant HSBC has announced it would no longer fund fossil fuel projects, including Arctic drilling, tar sands development, the construction of new coal plants, and hydroelectric projects that are not consistent with guidelines set by the World Commission on Dams. Read the entire article at Triple Pundit. “Our updated energy policy reflects […]
