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Report: Major asset managers still voting against tougher climate measures In the same week that BlackRock was widely criticised for continuing to hold $85bn in coal, an analysis of the world's 30 largest fund managers has found that the global sector is failing to translate high-level climate commitments into investment decisions and support for shareholder resolutions. InfluenceMap assessed firms which collectively manage more than $50trn of assets Conducted by think tank InfluenceMap, the Asset Managers and Climate Change 2021 research outlines how each of the 30 finance majors are alignin...

The Federal Reserve Just Took A Major Step Forward On Climate The U.S. central bank is joining the financial equivalent of the Paris Agreement, becoming one of the last of its peers to do so. The Federal Reserve on Tuesday took its most significant step forward on climate change, announcing that it joined a group of some 75 other central banks focused on rooting out the risk warming poses to the global financial system.  The U.S. central bank’s five-member governing board voted unanimously last week to become a formal member of the Network of Central Banks and Supervisors for Greening the ...