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Exclusions & divestment

BNY Mellon, State Street and Fidelity sought to have funds removed as Texas Teachers completed divestment of blacklisted firms.
Reduced reinvestment means bank will not meet decarbonisation targets under current approach, active reshuffling suggested by board member Schnabel.
Cracked brick wall painted with a flag of China on the left and a flag of Uyghur on the right.
The risk of complicity in abuses against the Uyghur population highlights the need for investors to focus on supply chain transparency.
Move comes as investors gear up for COP15; CDP finds majority of companies not translating strategies or commitments on biodiversity into action.
Speaking at PRI in Person at Barcelona, Nippon Life's Kimura warned against a 'one size fits all' approach to decarbonisation.
RI analysis shows firms named in report on passive investment in companies linked to abuses appear in 26 Article 9 funds.
Investors engaging country on deforestation welcome results of presidential election, but warn policy must be turned into action.
Insure our Future report identifies 'laggards and leaders' on fossil fuel underwriting.
Finnish pension insurer will screen companies on biodiversity-related risks, commits to engagement on nature.
The latest developments in sustainable finance: US anti-ESG movement risks ‘balkanisation of finance’, Munich Re pledges to stop supporting upstream oil and gas projects.

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