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UBS Exits Net Zero Banking Alliance
August 08, 2025
Swiss banking and financial services group UBS announced today that it has decided to withdraw from the Net-Zero Banking Alliance, becoming the first major European bank outside of the UK to exit the UN-backed coalition dedicated to advancing global net zero goals through their financing activities.
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The ICJ Advisory Opinion on Climate Change: A Business and Human Rights Perspective
August 05, 2025
The International Court of Justice issued an Advisory Opinion holding that states are obliged under international law to prevent significant harm to the environment and regulate the conduct of private actors accordingly, irrespective of states being a party to treaties.
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HSBC Exits Net Zero Banking Alliance
July 18, 2025
HSBC announced that it has decided to withdraw from the Net-Zero Banking Alliance (NZBA), following its North American peers.
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GRI Releases New Reporting Standards
July 01, 2025
The Global Reporting Initiative ("GRI") has released new Climate Change and Energy Standards, which are developed by the Global Sustainability Standards Board ("GSSB"), and are one of the "most commonly accepted global standards for sustainability reporting by companies."
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The Political Nature of ESG
June 24, 2025
Andrew Stuttaford in his recent National Review article shows how Environmental Social Governance ("ESG") has never been neutral, but has always had political underpinnings.
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