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In the news this week:
- U.S.: Federal Reserve Board Kicks Off Climate Risk Exercise for Largest U.S. Banks—The exercise tests the banks’ climate risk management practices and resilience in two climate scenarios.
- U.S.: Florida Prohibits State-Run Funds from Considering ESG Factors—Revised retirement plan investment policies and proxy voting guidelines require managers to focus exclusively on maximizing financial returns.
- U.S.: Republican State Attorneys General Question ISS and Glass Lewis About ESG Policies—Attorneys general criticize proxy voting practices supporting net zero emissions and diversity goals.
- Global: World Economic Forum Survey Finds Environment as Top Global Risk—The report finds that failure to tackle climate change and environmental degradation are the top risks facing the planet in the next decade.
- Global: UNEP and S&P Global Sustainable Launch Nature Risk Profile Methodology—The Nature Risk Profile provides the financial sector with tools for assessing and addressing nature-related risks.
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