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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Airlines have faced "flygskam" — or flight shame — which has seen some travelers shun air travel, heightening pressure for the sector to demonstrate that it can develop a flight path to net-zero emissions. Michael Holder. spent almost $1.4

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Decarbonisation Culture

Chris Hall

Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. In addition, CDPQ has reduced the carbon intensity of its corporate portfolio by 59% compared to 2017, when it released its inaugural SI strategy.

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New CA100+ Benchmark Seeks to “Drive Company Ambition” 

Chris Hall

Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.

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Piani to Use CA100+ Role to Turn “Ambitions to Action”

Chris Hall

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month. CA100+ focuses on 171 firms that are key to driving the global net zero transition, with a total market capitalisation of US$10.3

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Pension Funds Voice Concerns on Erosion of Shareholder Rights 

Chris Hall

” The CoEPB, which decided to divest oil and gas in May for stalling on net zero progress, has released its inaugural climate action plan today (30 November). Between 2020 and 2022, over 40% of US tech IPOs used the DCSS and 20% of US non-tech IPOs – significantly higher levels than historic averages.

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Fast Fashion Race Losing Speed  

Chris Hall

It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt.

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Big Squeeze for UK Pension Schemes

Chris Hall

The requirements stem from the 2017 recommendations of the Financial Stability Board (FSB), a forum set up in the wake of the 2008 global financial crisis, and specifically the board’s Taskforce on Climate-related Financial Disclosure (TCFD). There will be a challenge to find the time and resources.”.