Investors urged to “fill the gap” as Trump administration seeks to smother climate rules at the state level. A wide-ranging federal review of climate-focused regulations and policies passed by US states will lead to extended legal battles, increasing uncertainty for consumers and investors. An executive order issued earlier this month has instructed US Attorney General Pam Bondi to review climate-focused…
Net Zero Banking Alliance Drops Requirement to Align Financing with 1.5°C
The Net-Zero Banking Alliance, a UN-backed coalition of banks aimed at advancing global Paris Agreement climate goals through their financing activities, announced a series of significant changes to its framework and principles for members, including eliminating a mandatory requirement for banks to align lending and capital markets activities with the goal of limiting global warming to 1.5°C. The changes follow…
Global food supply chain faces ‘significantly increasingly climate risks’
Both direct and indirect investors in globally integrated supply chains face significantly increasing climate risks and extreme weather hazards, according to a report on global food supply chains commissioned by the First Sentier MUFG Sustainable Investment Institute. The report – Climate Risk and Adaptation in Global Food – emphasises the world is on track to 2.5°C of global warming by 2050,…
Franklin Templeton launches ESG versions of S&P 500 and S&P World
Franklin Templeton has launched two exchange-traded funds (ETFs) tracking sustainable versions of the S&P 500 and S&P World indices. They will track the S&P 500 Guarded and S&P World Guarded, which re-weight their original indices based on ESG scores and exclude controversial companies (such as those involved in coal, tobacco and controversial weapons). In doing so, the S&P 500 Guarded…