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Exit through the SPAC door? UK FCA publishes proposed changes to the Listing Rules | Orrick, Herrington & Sutcliffe LLP

To embed, copy and paste the code into your website or blog: The UK Financial Conduct Authority ( FCA ) has published its proposals to amend the Listing Rules relating to special purpose acquisition companies ( SPACs ), having considered Lord Hill’s UK Listing Review Report. The proposed changes, if implemented, will only apply to SPACs which meet certain prescribed criteria, including the requirement to raise aggregate gross cash proceeds from public shareholders at IPO of at least £200 million (excluding any funds from founders / directors / sponsors / promoters, or sponsors ). The consultation period closes on 28 May 2021 and the new Listing Rules are expected to be in force by early summer 2021.

Newcrest Sets Goal of Net Zero Carbon Emissions by 2050

Newcrest Sets Goal of Net Zero Carbon Emissions by 2050 Newcrest Mining Limited is pleased to announce its new goal of net zero carbon emissions by 2050. This goal relates to its operational emissions, though Newcrest will also continue to work across its value chain to reduce Scope 3 emissions.Newcrest’s recently announced Company Purpose “To create a brighter future for people through safe and responsible mining” underpins its commitment to take on the challenge of … Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to announce its new goal of net zero carbon emissions by 2050. This goal relates to its operational (Scope 1 and Scope 2) emissions, though Newcrest will also continue to work across its value chain to reduce Scope 3 emissions.

The financial sector must act now to fight the climate crisis

Ofer Ben-Dov: The financial sector must act now to fight the climate crisis Opinion: As Vancouver strives to become the greenest city in the world, the city needs to make sure its financial sector is in sync with the city’s sustainability goals and sends the appropriate signals to developers and their financiers Author of the article: Ofer Ben-Dov Publishing date: May 14, 2021  •  4 hours ago  •  4 minute read  •  The City of Vancouver approved a Climate Emergency Action Plan to reduce its carbon emissions by 50 per cent by 2030. To achieve the goal, the financial sector must be on board to drive the required shift in the business sector, says Ofer Ben-Dov. Photo by JENNIFER GAUTHIER /REUTERS files

Northern Trust Corporation: Northern Trust Asset Management Introduces ESG Vector Score

Northern Trust Corporation: Northern Trust Asset Management Introduces ESG Vector Score Northern Trust Asset Management (NTAM) introduced today the Northern Trust ESG Vector Score TM, a measurement that assesses publicly traded companies in the context of financially relevant environmental, social and governance (ESG) related criteria that could impact their operating performance. It can be used in constructing and managing investment portfolios and stewardship activities. The ESG Vector Score focuses on the magnitude and direction of key ESG related business issues likely to have a financial impact on companies and hence a portfolio s performance. It provides a consistent, transparent methodology to gain greater clarity when building and managing sustainable portfolios.

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