Investors urge heavy carbon emitters to set science-based reduction targets

LONDON (Reuters) – Investors managing around $20 trillion in assets on Tuesday called on the heaviest corporate emitters of greenhouse gases to set science-based targets on the way to net zero carbon emissions by mid-century.

AXA Group and Nikko Asset Management Co are among 137 investors urging 1,800 companies responsible for a quarter of global emissions to act, coordinated by non-profit group CDP.

While more companies are pledging their support for the 2015 Paris agreement on climate change, aiming to be carbon neutral by 2050, not all have been clear about how they will get there.

To help limit global warming to no more than 1.5 degrees Celsius above pre-industrial norms by 2050, companies need to set out their pathway to net zero and ensure it is consistent with the science and independently verified, the investors said.

“Climate change presents material risks to investments, and companies that are failing to

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Indonesia’s AC Ventures Targets New $80 Million Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than

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AC Ventures Targets New $80 Million Indonesian Startup Fund

(Bloomberg) — AC Ventures, an Indonesia-focused venture capital firm, said it completed the first close of a planned $80 million technology investment fund.



a crane next to a body of water with a city in the background: A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.


© Bloomberg
A crane stands at a construction site in this aerial photograph taken in Jakarta, Indonesia, on Friday, Feb. 1, 2019. Indonesia is scheduled to release fourth-quarter gross domestic product (GDP) figures on Feb. 6.

The Jakarta-based company raised $56 million at the first close, according to its partners. The fund will invest in about 30 early-stage startups in areas including e-commerce and financial technology in the next three years.

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AC Ventures was established in 2019 after two homegrown Indonesian VC firms — Agaeti Ventures and Convergence Ventures — merged to create scale. Its three founding partners are Pandu Sjahrir and Michael Soerijadji, previously general partners of Agaeti Ventures, and Adrian Li, the former founder of Convergence Ventures. Together, they have backed more than

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Trump administration targets diversity hiring by contractors

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FILE – In this March 10, 2020 file photo, Wells Fargo CEO and President Charles Scharf is seated to testify during a hearing of the House Financial Services Committee, on Capitol Hill in Washington. American companies promising to hire more Black employees in leadership roles and teach their workforce about racial bias are getting a message from President Donald Trump’s administration: Watch your step. Trump’s Labor Department is using a 55-year-old presidential order spurred by the Civil Rights Movement to scrutinize companies like Microsoft and Wells Fargo over their public commitments to boost Black employment and leadership roles.

AP

American companies promising to hire more Black employees in leadership roles and teach their workforce about racism are getting a message from President Donald Trump’s administration: Watch your step if you want to keep doing business with the federal government.

Trump’s Labor Department is using a 55-year-old presidential order

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Exclusive: HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

LONDON (Reuters) – HSBC HSBA.L will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters.

FILE PHOTO: HSBC logo is seen on a branch bank in the financial district in New York, U.S., August 7, 2019. REUTERS/Brendan McDermid/File Photo

The pledge is the strongest statement by Europe’s biggest bank on climate change to date, although it met with criticism from some environmental groups for not taking more immediate action to curb its fossil fuel financing.

“COVID has been a wake-up call to us all, including me personally. We have seen how fragile the global economy is to a major event, in this case a health event, and it brings home the reality of what a major climate event could do,” Quinn told

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HSBC targets net zero emissions by 2050, earmarks $1 trillion green financing

By Lawrence White, Sinead Cruise and Simon Jessop

LONDON (Reuters) – HSBC <HSBA.L> will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between $750 billion and $1 trillion in financing to help clients make the transition, its Chief Executive Noel Quinn told Reuters.

In the strongest statement by Europe’s biggest bank on climate change to date, its CEO outlined HSBC’s ambitions to align its activities with the Paris Agreement.

“COVID has been a wake-up call to us all, including me personally, we have seen how fragile the global economy is to a major event, in this case a health event, and it brings home the reality of what a major climate event could do,” Quinn told Reuters in a video interview.

HSBC aims to achieve net zero in its own operations by 2030, he added.

While other UK banks such as

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AMD Targets PC Gamers With New Ryzen 5000 Desktop CPUs Arriving on Nov. 5

(Credit: AMD)

AMD’s new desktop CPUs, the Ryzen 5000 series, will start arriving on Nov. 5 with the goal of offering the best PC gaming performance. 

The main improvements involve the Zen 3 architecture, which is designed to boost the max clock speeds and increase the instructions per clock by 19 percent. The layout on the Ryzen chips has also been redesigned so that the cores have direct access to the L3 cache for lower latency, enabling faster PC gaming. 

“Zen 3 increases our overall lead in performance,” said AMD CEO Lisa Su during a Thursday event. “It increases our lead in power efficiency, and also now it delivers the best single-threaded performance and gaming performance as well.”

The Ryzen 5000 family will first arrive in four processors: 

  • The Ryzen 9 5950X: a 16-core, 32-thread chip for $799

  • The Ryzen 9 5900X: a 12-core, 24-thread chip for $549

  • The Ryzen

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Trump further targets tech-friendly work visa programs in latest immigration restrictions

The Trump administration on Tuesday outlined new rules tightening restrictions placed on guest worker visa programs, including the H-1B program favored by tech industry firms.



a man wearing a suit and tie


© Photo by Win McNamee/Getty Images


The rules tighten eligibility around foreign workers, so employers must meet more stringent criteria around the jobs they’re hiring for and how much they’re paying. That may make it harder for companies to receive H-1B visas as part of the annual lottery that awards 60,000 slots to foreign workers, not including renewals. The new rules follow a June order from President Donald Trump suspending a range of guest worker visa programs through the end of the year, with the White House citing domestic job losses during the COVID-19 pandemic as the motivator.

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The tech and IT industries that rely on foreign talent now face more hiring restrictions

The Trump administration says the goal is to ensure companies

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APC targets console and PC gamers with its Back-UPS Pro Gaming uninterruptible power supply

Credit: APC

Whether you game on an Xbox, a Playstation, or a PC, nothing is more irritating than getting knocked out of a game by an electrical blackout. At best, you’ll get penalized for quitting a multiplayer game. At worst, you’ll see smoke rising from your gear because it got fried from a power surge when the electricity came roaring back.

APC, a division of Schneider Electric and one of the bigger names in uninterruptible power supplies, has announced a brand-new unit aimed squarely at gamers. Not familiar with the concept of a UPS? You can take a deep dive in our product guide here, but at a 5,000-foot level, it’s essentially a very big battery that will supply back-up power in the event of a blackout. The idea is to provide your equipment—including your broadband gateway and router—enough time to shut down gracefully, and give you a few minutes

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Southampton Chair in Emerging Technologies targets invisible and ubiquitous wearable technologies | Electronics and Computer Science

Published: 2 October 2020

Professor Steve Beeby is one of the world’s foremost experts on electronic textiles and energy harvesting

Professor Steve Beeby from the University of Southampton has been awarded a prestigious Chair in Emerging Technologies to pioneer reliable e-textile systems that are invisible to the wearer.

The Electronics and Computer Science professor is one of just eight UK-based researchers to share £22 million of funding from the Royal Academy of Engineering.

The research will exploit printed active materials, flexible circuit technologies and textile engineering to integrate sensing, electronic and energy harvesting/storage functionality within a single textile.

Professor Beeby, Head of the Smart Electronic Materials and Systems (SEMS) group, says: “We all come into contact with textiles every day of our lives – in our clothes, inside our homes and in our cars – which makes fabrics an ideal platform technology that can, for example, monitor our

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