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SEC moves towards requiring corporate climate disclosures

The US securities regulator will ask companies to disclose their direct greenhouse gas emissions and have them verified by a third party, under long-awaited climate change risk rules proposed by the agency. A plank of the Biden administration’s pledge to limit global warming, the Securities and Exchange Commission proposal would require companies to publish their…
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21 March 2022 0

Digital advertising: companies reliant on behavioural technology need new workarounds

Online advertising and digital privacy do not coexist in harmony. New privacy regulations, particularly in the EU, mean the days of being stalked around the internet by personalised adverts may be coming to an end. Not every tech giant is ready for the shift. Meta, the company formerly known as Facebook, expects to lose $10bn…
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21 March 2022 0

A turning point for corporate climate disclosures

This article is an on-site version of our Moral Money newsletter. Sign up here to get the newsletter sent straight to your inbox. Visit our Moral Money hub for all the latest ESG news, opinion and analysis from around the FT Hello from New York. While our Washington bureau will be covering the climate developments…
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21 March 2022 0

Every bank will become a bitcoin bank

For years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called…
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21 March 2022 0

Anaplan agrees $10.7bn sale to private equity firm Thoma Bravo

Thoma Bravo has agreed to buy enterprise software company Anaplan for $10.7bn, just days after two hedge funds teamed up with a shareholder to launch an activist campaign against the San Francisco-based business. The leveraged buyout at $66 per share, a 30 per cent premium on Friday’s closing price, follows a flurry of private equity-led…
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21 March 2022 0

Chipmakers face two-year shortage of critical equipment

Chipmakers’ multibillion-dollar expansion plans will be constrained by a shortage of critical equipment over the next two years as the supply chain struggles to step up production, according to one of the industry’s most important suppliers. The warning comes from Peter Wennink, chief executive of ASML, which dominates the global market for the lithography machines…
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21 March 2022 0

Fears rise over ‘greenwash’ bonds

The race to prevent catastrophic climate change is driving a massive expansion in the green bond market, where governments and companies can raise capital to finance their efforts to combat global warming. Issuance of green bonds reached a record $517.4bn in 2021, up 74 per cent from $297bn the previous year, according to Climate Bonds…
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21 March 2022 0

Sustainable investing boom prompts fierce fight for talent

Competition to secure experts in sustainable investing has led to a battle for talent that is driving bidding contests by fund managers and pushing salaries up by half for top hires. Head hunters and executives say competition is so intense that people are fielding multiple job offers, on top of concerted efforts by current employers…
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21 March 2022 0