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bank to commit to measuring and disclosing the climate impact of its loans and investments, announcing last week that it has joined a multi-trillion dollar group of global financial institutions developing a standardized method for carbon accounting. Morgan Stanley has become the first major U.S. trillion in assets.
Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement. Most of these reductions were made from 2015 to 2021 when Enel shut down some 40 of its 50 coal power plants fast and furiously (from 31% of generation capacity to 6%).
Carmen Velasquez, managing director for sustainableinvesting at Alberta Investment Management Corporation, said that her team provides specific feedback to companies on a case-by-case basis, from target-setting to scenario analysis – and that companies appreciate this.
DESCRIPTION: What is it about an investable product – a mutual fund, an exchange traded fund (ETF) –that would qualify it as an “ESG,” “green” or “sustainable” investment offering to retail or institutional investors? That’s a question getting much more attention recently. degrees Celsius.
This year’s COP26 summit is widely viewed as one of the last chances to fulfil the 2015Paris climate agreement and ensure meaningful progress is made towards tackling our net zero targets and the climate emergency. By Bill Ireland, Logan Energy.
. • The sometimes hapless Alberta Investment Management Investment Corporation earns an overall grade of D. PSP, BCI, and AIMCo receive failing grades for efforts to align their investment strategies with the goals of the 2015Paris climate agreement.
by Hank Boerner – Chair & Chief Strategist – G&A Institute What is it about an investable product – a mutual fund, an exchange traded fund (ETF) – that would qualify it as an “ESG” or “sustainableinvestment” offering to the retail or institutional investor? Only about 12% were on track to meet Paris goals.
Europe’s new code – As Ursula von der Leyen mulled over the composition of her top team for the next five years , the European Commission’s incoming finance chief was already getting advice on the future of sustainableinvestment. Three agencies are organising a series of six events – dubbed the NDCs 3.0
Eight years since the ParisAgreement was adopted, the energy transition remains “stuck”, according to Spaargaren. The global energy mix is composed of roughly 17% renewables, representing an increase of just two percentage points from 2015 levels.
Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the ParisAgreement in 2015, the 60 largest banks have instead invested $5.5 Clearly much more needs to be done to pivot towards more sustainableinvestment and lending practices.
As responsible investors search for the most sustainable companies to back, the outcomes of these debates could not be more important for global efforts to rapidly cut emissions. Since the 2015ParisAgreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets.
As a high-emitting sector, oil and gas companies are under increasing pressure from investors and regulators to set decarbonisation targets that align with the goals of the ParisAgreement. Conversely, TotalEnergies has pledged to reduce its Scope 3 emissions in Europe by 30% by 2030 compared to 2015 levels.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including FTSE Russell, BondLink, Moody’s, Intercontinental Exchange and more. .
The Declaration set out a series of time-bound targets with a deadline of 2015, known as the Millennium Development Goals (MDGs). According to the Millennium Development Goals Report (2015), extreme poverty has declined significantly, as in 1990, the extreme poverty rate in developing countries was 47%, whereas in 2015 the same rate was 14%.
Most asset managers, especially institutional investors such as mutual and pension funds, claim to integrate ESG into their investment strategy. The numbers speak for themselves: According to the Global SustainableInvestment Alliance, over $35.5 trillion was managed for sustainable and responsible investing globally in 2020.
In 2020, President Xi Jinping committed to reaching carbon neutrality by 2060, and he played a decisive role in the success of the 2015ParisAgreement, alongside then-US president Barack Obama.
Management of nature-related risks, impacts and dependencies could soon become central to asset owners’ sustainableinvestment strategies. From Paris to Kunming. The 2015ParisAgreement set a single goal, of keeping climate change to 2°C above pre-industrial levels, albeit modified in 2018 to 1.5°C
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including 2DII, RMI, Nasdaq, Clarity AI, ISSB, Integrum and Accenture. . 2DII first launched the PACTA framework in 2015, introducing the concept of measuring the alignment of financial portfolios with climate goals.
Policy reform, best practice and legal judgments are redefining the relationship between fiduciary duty and sustainableinvestment. In late April, the UK High Court ruled that charity trustees can consider climate change factors when making decisions over their investments, even if it means making lower returns.
After the UN Secretary-General called for developed economies to fast-track net zero commitments by ten years, Therese Niklasson, Global Head of SustainableInvestment at Newton Investment Management emphasises the need for a collective effort. degrees Celsius, global carbon emissions have continued to rise, up 6.4%
As an example, heavy GHG emitters countries as China pledged for net-zero emissions by 2060, and the ParisAgreement became one of the issues driving voters to vote in the US presidential election. Sustainable business trend 1 – Eco-designed Products. Sustainability products grew 54.7% of the CPG market (2015-2019).
The GBF’s Goal D, on implementation, contained an unambiguous commitment to aligning public and private financial flows to its overall objectives, with supporting language in the enabling targets, analogous to the ParisAgreement clauses that put climate change on the global agenda in 2015. “We
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including UNFCCC, WTW, Calvert, Actis and Insight Investment. . She also oversaw a period in which the UNFCCC had to navigate the Covid-19 pandemic and Donald Trump’s withdrawal from the ParisAgreement.
million b/d in 2015. The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the ParisAgreement. SustainableInvesting – Greater Scrutiny. Chinese demand grew to 15.4 million barrels per day (b/d) in 2021 from some 11.3
Big shifts and giant leaps – Ahead of next week’s SDG Summit , the UN published a report outlining the science-based “transformational shifts” (or “ systems transformations ”) needed to achieve the 17 Sustainable Development Goals , replacing the incremental and insufficient process made since 2015.
is fully “back” in climate change matters with the nation rejoining the ParisAgreement and embracing and promising to surpass the COP temperature-limiting goals. And more related content to share on G&A’s Sustainability Update blog. Good news for 2021: The U.S.A. TOP STORIES. finance (Source: Ceres ).
The distinction between active and passive investment strategies needs to be redefined when it comes to sustainableinvestments, argues Henrik Wold Nilsen, a Senior Portfolio Manager at Storebrand. Storebrand makes the distinction between Paris-alignment reporting and financial alignment. trillion total.
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