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Financial firms are calling on more regulators to make net zero a statutory objective
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It has already achieved 80% of its 2025 sustainable lending target
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The UK investment fund also expects companies to adopt a target for net zero emissions by 2050 and wants executive pay to be linked to sustainability goals
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The Climate Engagement Escalation Programme will include companies from the oil and gas, metals and mining and utilities sectors
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It will set out specific requirements for real estate borrowers to adhere to, in order to reduce carbon emissions from buildings
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