ESG Today

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

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Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. Blanket divestment is not the best way to maximise returns without undue risk of loss. Whole economy transition.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

Chris Hall

OCTOBER 22, 2024

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

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Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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ESG Today

SEPTEMBER 10, 2022

The letter, signed by BlackRock Head of External Affairs Dalia Blass, was sent in response to a letter from the Attorneys General sent in August accusing BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-net zero agenda, indicating “rampant violations” of its fiduciary duty to the states’ pension investors.

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Chris Hall

SEPTEMBER 21, 2022

“Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . The fund will be engaging with all portfolio companies and asking for science-based short-term, medium-term and 2050 net zero targets.

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Chris Hall

APRIL 1, 2022

CalSTRS’ commitment to achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner has heightened the asset owner’s scrutiny of investee companies’ decarbonisation targets and performance. If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.

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Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. Allia nce says t arget-setting by members translating into measurable impact on emissions reduction for the first time.

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Chris Hall

MAY 10, 2024

When Rathbones launched VAS in 2020, the first step was to invite PRI signatories to sign engagement letters, which were then sent to 22 target FTSE 350 companies. Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. So we decided to strike while the iron was hot.”

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Chris Hall

SEPTEMBER 27, 2024

Following this work, the UK Stewardship Code 2020, which we still use today, was published. Many also signed up to the Net Zero Investment Managers Initiative and the Net Zero Asset Owner Alliance. Q – You’ve signed up to the Net Zero Asset Managers initiative. A – Stewardship.

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Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

FEBRUARY 14, 2023

Buffeted by critics on both sides, finance sector alliances may need to refresh their tactics to progress toward net zero goals in 2023. This time last year BP was in receipt of numerous plaudits for accelerating its net zero transition plans.

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Chris Hall

JUNE 14, 2023

1 campaign has changed that, he argues. Exxon has since set a number of targets, including net zero greenhouse gas (GHG) emissions for its operated unconventional assets in the Permian Basin by 2030.

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Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

APRIL 7, 2022

Pressure to divest is commonly applied by ESG-conscious investors who no longer want to be associated with these companies or fund them. However, in practice, divestment is not the best strategy to enact change or to have a meaningful impact. Mining, for example, provides the raw materials needed to make components in green technology.

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Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C of global GDP, in 2020, and are expected to increase to 7.4%

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Chris Hall

JULY 6, 2022

It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a net zero transition plan, which will ultimately help to decarbonise the global economy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .

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Net Zero Stewardship Code Paris Agreement Climate Change 52

Chris Hall

SEPTEMBER 6, 2024

The prediction that the pandemic would entrench and exacerbate inequalities appears to have been borne out: nearly 40% of the reduction in the labour income share over the past two decades occurred during the pandemic years 2020-22. The figures also maintain a downward trajectory that has persisted since the 1980s.

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3BL Media

JANUARY 11, 2023

BNEF expects a larger jump in 2023 thanks to even more generous tax credits for carbon capture, utilization and storage (CCUS) included in the US Inflation Reduction Act, and an acceleration in net-zero transitions by European companies. The divestment movement will wane. million in 2020 to over 10 million in 2022.

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Chris Hall

APRIL 5, 2022

C of global warming, 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Do they divest so the poorly performing assets are no longer on their books? In order for the real estate sector to decarbonise in line with 1.5°C Hunziker said. .

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Chris Hall

DECEMBER 7, 2022

As the climate crisis has worsened, pressure on publicly-listed companies to make net zero commitments and transition to low-carbon operations and products has intensified. The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers.

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Chris Hall

DECEMBER 13, 2022

Managers also reported applying fossil fuel divestment screens across US$1.2 Globally, managers with more than US$50 trillion have made net zero commitments via the Net Zero Asset Managers’ initiative. trillion in 2020 – due to a change in methodology and an impending tightening of regulation.

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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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Chris Hall

NOVEMBER 30, 2023

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. ” 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).

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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%.

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Chris Hall

MARCH 9, 2022

Russia’s invasion of Ukraine is leading to a rapid reappraisal of ESG risks by asset owners, including enhanced scrutiny of human rights and governance risks across portfolios, and a reaffirmed commitment to net zero targets. .

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Supply Chains Supply Chain Net Zero Divestment 52

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.”

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GreenBiz

JANUARY 25, 2021

A 2050 net-zero vision may be an inspiration, but it is not a plan. For example, in the oil and gas sector, investors can assess progress and pace toward net-zero by monitoring companies’ methane emissions, flaring intensity, capital expenditures, lobbying and governance. Integrate climate into core business.

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Chris Hall

AUGUST 23, 2023

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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Sustainability Matters

NOVEMBER 27, 2022

Investors want greener options and are willing to pay for it — since 2020 sustainability investments have increased 63%. Fortescue said the cost-savings from divesting its fossil fuel-dependent technology would total AU$1.2 The business case for decarbonisation. Fortescue Metals announced recently it would spend AU$9.2

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Jon Hale

JANUARY 28, 2022

When Morgan Stanley asked individual investors about their interest in sustainable investing in late 2020 , 79% said they were interested, and among an oversampled group of millennials?—?this So people-as-workers and people-as-consumers want to hold business to a higher standard. What about people-as-investors? this is not a typo?—?99%

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Sustainable Investment Climate Change Academics Divestment 52

Chris Hall

MAY 17, 2023

While 88% of asset managers disclosed their votes publicly (up from 55% in 2020), 42% failed to publish their rationale for votes against shareholder resolutions, the report said. Transparency is improving, but slowly.

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GreenBiz

AUGUST 13, 2020

2020: Fossil fuels are dead, long live the sun. Thu, 08/13/2020 - 00:15. 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. Hunter Lovins. We’re female entrepreneurs and environmentalists. Is that possible?

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Corporate Knights

DECEMBER 20, 2024

But Kamloops faces a tight housing market , and a 2020 City of Kamloops report warned that subsidized housing isnt keeping up with rapid population growth. All of this work to support divestment from extractive investments, and investments into community, ultimately has positive implications for climate, as well, said Collins-Swartz.

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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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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.

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Chris Hall

JUNE 1, 2022

Some feedstock generates more emissions than others and can take hundreds of years to regenerate – which is hardly conducive to achieving net zero by 2050. . Despite the ongoing debate, bioenergy is expected to remain a small, but nonetheless important, part of the net zero transition alongside solar and wind. .

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GreenBiz

SEPTEMBER 25, 2020

Fri, 09/25/2020 - 00:30. More than 1,500 companies are committed to net-zero emissions, triple the number that had made those pledges by the end of 2019. Morgan Stanley offered its own twist with a promise to reach "net-zero financed emissions" by the critical 2050 timeframe. Heather Clancy.

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Richard Matthews

JANUARY 4, 2022

Less than a third of Americans (31%) currently believe there was widespread fraud in the 2020 U.S. 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. trillion in assets, have committed to divest.

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