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U.S. sustainable investing assets plunge by more than US$8 trillion

Corporate Knights

One of the key drivers behind the change is a decision by several large asset managers to report lower sustainable assets “in the magnitude of billions and trillions of dollars,” compared with the previous report in 2020. trillion in 2020 from US$6.6 trillion in 2020 from US$22.8 trillion in 2014. trillion in 2016.

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New Report Highlights MetLife's Integrated Strategy To Build a More Sustainable Future

3BL Media

In the report, MetLife also provides information on its commitment to achieve net zero greenhouse gas (GHG) emissions across the company’s global operations and general account investment portfolio by 2050 or sooner.[1] Reducing GHG emissions by 21% between 2020 and 2021 and planting more than 200,000 trees around the world since 2020.

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The crypto industry was supposed to decarbonize by 2025 - how’s that going?

Corporate Knights

Cryptocurrencies have been condemned over their environmental record at a time when traditional investments have been rapidly moving towards greener environmental, social and governance (ESG) values. So how long will it be until crypto earns its green credentials?

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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

Tue, 11/24/2020 - 00:40. Building on previous commitments that increase green investments or restrict financing to certain high-emitting activities, recent pledges add to growing evidence that banks are taking a more holistic approach to the climate emergency. They won’t have changed their business model.

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Q1 2021: Amazon goes big, Ørsted is a fan of corporate procurement 

GreenBiz

GW but a steady climb from the first quarter of previous years — Q1 2019 saw 757 megawatts (MW) of deals; Q1 2020 included 1.6 In the fourth quarter of 2020, steel manufacturers inked two deals. . In Oregon, Intel inked a deal with Portland General Electric (PGE) through that utility’s Green Future Impact program. .

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New $400 Million Japan Low Carbon Hydrogen Development Fund Backed by Toyota, SMBC, TotalEnergies, Others

ESG Today

The new fund is launching with $400 million in commitments at its first close, with initial investors including Toyota Motor Corporation, Iwatani Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, Tokyo Century Corporation, Japan Green Investment Corp. for Carbon Neutrality, and the Bank of Fukuoka.

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Macquarie Invests $250 Million in Sustainability-Focused Investor Galway

ESG Today

Macquarie Asset Management’s Green Investment Group (GIG) announced a $250 million investment in sustainability-focused specialty finance company Galway Sustainable Capital. Galway CEO Jennifer von Bismark said: “Investing in a sustainable future is both critical and urgent.