Khalid Azizuddin
New RI Charter will apply to the bank’s €190bn foreign exchange and investment portfolios
Priorities will include climate-related disclosures, and managing health, supply chain and environmental risks
-80x80.jpeg "EU investment funds face €62bn losses under worst case NGFS climate scenario, says ECB (amended)")
Only 1% of fund assets are currently aligned to the EU green taxonomy
It is the latest in a series of initiatives on ESG to be announced by the regulator
Disagreement over disclosure rules at the financial regulator comes as Fed head wades in on climate
-80x80.jpg "Vanguard warned over $300bn fossil exposure and ‘lack of clear climate policies’")
World’s second-largest asset manager is now the world’s largest investor in fossil fuels
Move comes ahead of new anti-greenwash ESG fund disclosure rules in July
The manager will vote against board chairs in 2022
No major G7 benchmarks is aligned with the Paris Accord’s 2°C temperature target
It will require the state’s main pension to divest an estimated $1.3bn of fossil fuel investments