Participating banks noted that some of the scenarios chosen did not reflect extreme climate risks.
The Responsible Investment Association Australasia has produced the three-category sustainability classification system in response to market demand.
Analysis of 2024 proxy season by Shareholder Rights Group also shows 55% jump in number of corporate 'no action' requests.
The latest developments in sustainable finance: Investors back ShareAction's push on Barclays over fracking; SLB issuance aligned with CBI standards jumped in 2023.
UOB confirms ability to finance coal plants, OCBC plans to revise climate policy to accommodate sector.
As RI's stewardship survey enters its final week, here are some interesting findings from the initial responses.
Investors gear up for Scope 3 vote at Enbridge, PGGM backs proxy voting review at BlackRock and JPMorgan, PLUS social proposals at Marriott and driver safety at Uber.
Industrial policy is key to decarbonising the economy but financial policy should not be seen as 'second best', says RI's new columnist.
Judge finds 'substantial likelihood' that arguments on breach of fiduciary duty and vagueness of law may be successful.
The latest developments in sustainable finance: ISS recommends vote against Follow This climate proposal at Shell; NYC Comptroller, Schroders to back transition assessment at Suncor.