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Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdateLONDON - The European Investment Bank's top-notch ESG score would need to be re-evaluated if it bows to pressure and starts explicitly funding weapons and ammunition, one of the world's leading ESG rating firms, Morningstar Sustainalytics, said.
Commission hawks though are now urging it to"adapt defence-related exclusions" to support production of military equipment, a move some officials, including the EIB's own former head, worry could tarnish its ESG ratings and impact its borrowing costs. "We would have to re-evaluate if they bring in a new policy," Peden said."Investing in weapons definitely exhibits reputational risk, but of course it depends what kind ".
Sustainalytics currently grades the EIB as having a"negligible" ESG risk score — with a best-in-class 4.5 that is one of top scores of any of near 16,000 banks, companies and other entities it rates.
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