3BL Media

SEPTEMBER 29, 2023

For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 They can also divest from high-emitting industries such as thermal coal production. CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

AUGUST 8, 2024

Divest or wind down? This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. 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.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

APRIL 14, 2023

We have a clear dialogue with a company before they are blacklisted but will continue to engage because we want to be able to invest in them again.” Stranded assets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Edouard Stenger

DECEMBER 30, 2020

Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing. In 2019, coal use fell by 21.7% While both have been the bedrocks of modern civilization, their status had been increasingly under threat as cheaper and better alternatives reached markets.

Stranded Assets 59

Stranded Assets Divestment Development Global Economy 59