Chris Hall

SEPTEMBER 27, 2024

The concept of assessing what effective stewardship should look like was first introduced by the FCA in 2019 in a joint effort with the Financial Reporting Council (FRC), setting the groundwork which helped define what the minimum expectations should be for financial services firms investing on behalf of clients and beneficiaries.

Net Zero 59

Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

MAY 10, 2024

The Rathbones team brainstormed about what could be done and, in 2019, worked with the Office of the Independent Anti-Slavery Commissioner to challenge three FTSE 350 companies that had failed to meet the reporting requirements of s54. “We Divestment has been a recurring theme across Crossman’s two-decade career.

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Stewardship Code Divestment Net Zero Development 85

Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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Divestment Paris Agreement UNEP Net Zero 52

Chris Hall

JULY 7, 2023

A leaked memo showed the UK government would have to spend more than 80% of its foreign aid budget to meet a 2019 commitment to double international climate finance to £11.6 There was further evidence this week of richer nations falling behind on climate finance.

Net Zero 52

Net Zero Shipping Development Divestment 52

Chris Hall

APRIL 25, 2025

Examples include the weakening support from asset managers for ESG-related resolutions in recent proxy voting seasons, and the withdrawal of large US asset managers from Climate Action 100+ and the Net Zero Asset Managers initiative. billion and cut its exposure to greenhouse gas emissions by 57% last year from a 2019 baseline.

Stewardship Code 52

Stewardship Code Climate Change Divestment Net Zero 52

Chris Hall

JUNE 14, 2023

Between 2007 and 2019, Exxon delivered less than 1% in shareholder returns (capital gains and dividends) per annum, around 10% in total over the 12-year period, the report noted. This slashes portfolio emissions and sends a strong signal to oil and gas firms about the financial consequences of failing to set out credible transition plans.

Net Zero 52

Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

SEPTEMBER 6, 2024

percentage points from 2019 to 2022, and has remained flat since. The announcement last week of a consultation on the sector’s role in Britain’s net zero transition only added to its challenges. The portion of total income earned by and paid to workers fell by 0.6 Is now the right time for investors to quit a fading industry ?

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Divestment Net Zero Climate Change Banking 80

Chris Hall

APRIL 14, 2023

trillion in AuM that have committed to transitioning their investment to achieve net zero portfolio GHG emissions by 2050 and drawing on the Net Zero Investment Framework to deliver on that commitment.

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

SEPTEMBER 22, 2022

In his analysis, Roc-Sennett went on to look at how inflation could distort the record of firms moving to a 50% cut in emissions by 2030, compared with 2019, and to net zero by 2050, focusing on the Standard & Poor’s 500 and the MSCI Emerging Market (MSCI EM) index. “On and the UK rate at 9.9%.

Net Zero 52

Net Zero Divestment Greenwashing Manufacturing 52

Chris Hall

JUNE 29, 2023

Asset owners must use all available levers to phase out fossil fuels, while also rapidly increasing investment in climate solutions to achieve net zero ambitions, according to Laura Hillis, Director, Climate & Environment, Church of England Pensions Board (CoEPB).

Net Zero 52

Net Zero Climate Change Development Green Investing 52

Chris Hall

AUGUST 8, 2024

Divest or wind down? By 2035, it has committed to halve its Scope 1, 2, and 3 emissions from a 2019 baseline, with goals to hit net zero by 2050. The company said it would continue the “responsible decline of its thermal coal operations over time”.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

James Militzer

MARCH 2, 2023

To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.

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Supply Chains Supply Chain Climate Change Development 98

Chris Hall

MAY 9, 2023

DP23/1, released in February, focused on the capabilities needed by FCA-regulated firms to support both economy-wide transition to net zero and sustainable business models more broadly. We want to continue to engage actively on these topics.”

Stewardship Code 52

Stewardship Code Net Zero Sustainable Investment Divestment 52

Chris Hall

OCTOBER 12, 2022

At present, almost half of charities see it as important to focus on energy security rather than prioritising net zero, Mercer said, and those investing in energy along sustainable lines reported being more willing to take a hit to their returns. Engagement to the fore.

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Divestment Impact Investing Climate Change Net Zero 52

Chris Hall

MARCH 25, 2022

Speaking at the time the reporting requirements were announced, Energy and Climate Change Minister Greg Hands said: “If the UK is to meet our ambitious net zero commitments by 2050, we need our thriving financial system, including our largest businesses and investors, to put climate change at the heart of their activities and decision making.”.

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Paris Agreement Climate Change Net Zero Supply Chain 52

GreenBiz

AUGUST 13, 2020

Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. Exxon’s 2018 revenues were half of what it made a decade earlier; in 2019, it was only $14.3 Is that possible? Last year, no fossil company made the top 10 list.

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Divestment Net Zero Zero Carbon Shipping 505

3BL Media

AUGUST 24, 2022

These goals include net-zero GHG emissions economywide by 2045 and net-negative emissions thereafter, along with a 40% reduction in statewide GHG emissions from 1990 levels by 2030 and 80% by 2050. SCE’s Long History of Clean Energy Action. Department of Energy and the Los Angeles Department of Water and Power.

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Climate Change Net Zero Divestment Decarbonize 130

Chris Hall

MARCH 23, 2022

During the 2019-2020 Australian bushfires, more than 24 million hectares of land was burnt and 33 people died, followed by a further 450 fatalities from illnesses linked to smoke inhalation. What are Australia’s stated net zero goals? Australia adopted an economy-wide target of net zero emissions by 2050 in the run-up to COP26.

Net Zero 52

Net Zero Climate Change COP26 Climate Action Tracker 52

Corporate Knights

FEBRUARY 7, 2025

Energy stocks lagged in 2024, which benefitedinvestors who have divested from fossil fuels. The anti-ESG movement scores a victory as net-zero financial alliance unravels Seven sustainable finance predictions for 2025 Our taxonomy is different from others, says Michael Yow, director of ratings at Corporate Knights.

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Divestment Net Zero Banking Manufacturing 143

GreenBiz

SEPTEMBER 25, 2020

As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.

Paris Agreement 509

Paris Agreement Net Zero Supply Chain Supply Chains 509

Richard Matthews

JANUARY 4, 2022

The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2

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Climate Change Paris Agreement Waste COP26 100