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.

Divestment 52

Divestment Net Zero Climate Change 52

Chris Hall

MAY 6, 2022

Similarly, Accenture has found – as exemplified by assessing the 1,000+ largest listed European companies – that the vast majority are not on track to hit their net zero climate goals. Reaching net zero. Still however, there is no standardisation on how to evaluate and validate forthcoming targets.

Net Zero 52

Net Zero Paris Agreement Divestment Climate Change 52

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

Divestment 52

Divestment Net Zero Climate Change Banking 52

Chris Hall

JANUARY 12, 2024

Understanding the extent of this transition risk, and its impact on investor returns, is vital in the construction of net zero portfolios. Net zero portfolios aim to reduce aggregate carbon emissions to zero by a specific date. In this way, net zero portfolios can be a tool for both divestment and engagement.

Net Zero 45

Net Zero Divestment Supply Chain Supply Chains 45

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.

Net Zero 52

Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

FEBRUARY 4, 2022

In 2021 LAPFF engaged with 171 companies, many of those major international organisations that make up the indexes to which the funds are exposed in their passive equity strategies. McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in net zero plans.

Net Zero 98

Net Zero Divestment Supply Chain Supply Chains 98

3BL Media

FEBRUARY 28, 2022

From its net-zero by 2030 ambition and the development of science-based targets to its energy efficiency programs to transportation and waste minimization goals, Powering Progress embodies PSEG’s aspirations for today and ensures it will be here to support communities into the future.

Divestment 130

Divestment Net Zero Waste Development 130

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. As of 31 May, 2021, CalSTRS manages US$306.7 If necessary, we will support a change in leadership to meet these standards.” .

Divestment 52

Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

JUNE 27, 2024

Asset managers should divest from fossil fuel companies that are proving resistant to influence and concentrate their finite engagement resources on those which can plausibly be influenced,” the paper noted.

Divestment 72

Divestment Net Zero Global Economy Sustainable Investment 72

Chris Hall

JANUARY 23, 2024

Shell is due to publish the first update to its 2021 energy transition plan this year, which will be brought to an advisory vote at its 2024 annual general meeting (AGM). In that spirit, Nest has been involved in the Net Zero Engagement Initiative , launched in 2023 by the Institutional Investors Group on Climate Change.

Divestment 72

Divestment Paris Agreement Net Zero Climate Change 72

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.

Net Zero 69

Net Zero Global Economy Divestment Climate Change 69

Chris Hall

MAY 17, 2023

Launched in early 2021, the CEEP focused on 30 highly carbon-emitting firms in sectors considered by the firm to be significant global polluters. The final step of escalation is divestment, with Aviva Investors stating it is “committed to full divestment of targeted companies that fail to meet its climate expectations”.

Divestment 52

Divestment Net Zero Sustainable Investment 52

Chris Hall

MAY 31, 2024

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. But the pension fund exceeded the original targets by 2021, and decided to up its ambition. “We

Divestment 81

Divestment Net Zero Climate Change COP26 81

Chris Hall

MARCH 31, 2023

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. Benchmark 2.0’s

Net Zero 52

Net Zero Paris Agreement Divestment 52

3BL Media

SEPTEMBER 16, 2022

In 2021, we launched the Zero Carbon Project to help our top suppliers halve their CO2 emissions in less than five years. This is anchored in our comprehensive net-zero science-based targets and an ambitious impact plan for 2025 that includes saving 800 million tons of CO2 emissions for our customers by that time.

Decarbonize 130

Decarbonize Divestment Net Zero Supply Chain 130

GreenBiz

JANUARY 25, 2021

How Wall Street can win on climate In 2021. Mon, 01/25/2021 - 01:00. At the start of 2021, leading investors openly recognize that climate change presents a massive systemic risk and a multi-trillion-dollar opportunity. A 2050 net-zero vision may be an inspiration, but it is not a plan. Ben Ratner.

Net Zero 478

Net Zero Divestment Decarbonize Banking 478

Chris Hall

MARCH 10, 2022

The DWP issued a consultation last October on proposed changes to the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to require trustees to calculate and disclose a portfolio alignment metric to show alignment with the goal of limiting climate change to 1.5 degrees Celsius.

Net Zero 52

Net Zero Paris Agreement Stewardship Code Climate Change 52

3BL Media

AUGUST 3, 2022

August 3, 2022 /3BL Media/ - Public Service Enterprise Group (NYSE: PEG) reported Net Income of $131 million, or $0.26 per share for the second quarter of 2022, compared to a Net Loss of $177 million, or $0.35 per share, in the second quarter of 2021. per share in the second quarter of 2021. Net Income/(Loss).

Divestment 130

Divestment Net Zero Supply Chain Supply Chains 130

Chris Hall

MAY 13, 2022

To finance the sustainable revolution, we need to bring a faster net zero transition and reduced carbon leverage to the heart of our system,” he observed. Does this mean polluters’ net zero plans are now on the right track? Does this mean polluters’ net zero plans are now on the right track?

Net Zero 52

Net Zero Digital Transformation Divestment Digitalization 52

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.

Divestment 52

Divestment Paris Agreement UNEP Net Zero 52

Chris Hall

MAY 5, 2023

Net zero-committed asset managers still investing in laggard oil and gas majors, as pressure to stop financing new fossil fuel production builds. This universe is made up of 90 asset managers, including 25 members of the Net Zero Asset Managers (NZAM) initiative , that have collectively invested US$417 billion into these companies.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

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.

Net Zero 52

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.

Green Bonds 52

Green Bonds Divestment Net Zero Greenwashing 52

Chris Hall

JANUARY 26, 2022

Aviva Investors expressly referred to divestment as a potential strategy to achieve these goals. But he said Blackrock would not pursue a divestment policy from fossil fuels, although the firm would allow clients to do so. Other leading managers were more circumspect in their 2022 outlines.

Divestment 52

Divestment Net Zero COP26 Climate Change 52

Chris Hall

FEBRUARY 16, 2022

Pledge to divest over next two years follows mounting pressure from protesters. PFZW has been under pressure from climate activists over recent months who have called for its divestment from fossil fuels. Setting a 1.5°C This followed a successful campaign targeting the country’s largest scheme, ABP.

Divestment 52

Divestment Paris Agreement COP26 Net Zero 52

Corporate Knights

JANUARY 27, 2023

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. In 2021, Corporate Knights found that 12 of Canada’s biggest pension funds had quietly unloaded fossil fuel stocks over the previous 10 years. It can be good for financial returns, too.

Divestment 307

Divestment Net Zero Sustainable Investment Climate Change 307

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). . Plotting a path to Paris .

Net Zero 52

Net Zero Stewardship Code Paris Agreement Climate Change 52

Corporate Knights

AUGUST 9, 2022

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . Meanwhile, regulatory filings show that OMERS has reduced its holdings in publicly traded fossil fuel companies by 3 million shares, or about 17%, since June 30, 2021. . And OMERS might finally be listening. .

Divestment 307

Divestment Net Zero Decarbonize Global Economy 307

Chris Hall

SEPTEMBER 6, 2024

Not the end of the road – Chinese-owned automobile manufacturer Volvo said it would not be able to honour its 2021 pledge to phase-out fossil-fuelled cars beyond 2030. The announcement last week of a consultation on the sector’s role in Britain’s net zero transition only added to its challenges.

Divestment 80

Divestment Net Zero Climate Change Banking 80

Chris Hall

OCTOBER 6, 2022

For ESG-aware investors, this paucity of solid information leads to questions over whether they should they wait for information flows to improve, pinning hope on further action from regulators or legislators, or divest their holdings to avoid uncertainty over the climate risks in their portfolios. They have to make that decision themselves.

Divestment 52

Divestment Net Zero Stranded Assets Greenwashing 52

Chris Hall

MAY 25, 2023

The IEA specifies there is no need for new coal mines or exten s ions bey ond 2021. At the meeting, the US$64.8 We would like to see the company engage shareholders on the outcome of this vote, evaluate investors’ concerns on insufficient actions and develop a strategic response”.

Net Zero 52

Net Zero Paris Agreement Divestment Digitalization 52

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. .

Net Zero 52

Net Zero UNEP Divestment Banking 52

Chris Hall

NOVEMBER 2, 2022

Despite the precariousness of the pathway to net zero, COP26 generated a renewed sense of urgency and optimism as to how to support emerging markets and deal with heavy greenhouse gas emitters. Subsidies for the production and consumption of coal, oil and natural gas was already increasing in 2021 before the invasion of Ukraine.

COP26 52

COP26 Net Zero Global Economy Paris Agreement 52

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.

Net Zero 52

Net Zero Green Bonds Climate Change Divestment 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. housing market typically works.

Supply Chains 98

Supply Chains Supply Chain Climate Change Development 98

Chris Hall

JUNE 23, 2023

CA100+ centres if attention on companies that are key to driving the global net zero transition, with its focus list comprised of 171 companies, with a total market capitalisation of US$10.3 Net Zero Company Benchmark 2.0 A core component of phase two of CA100+ is the evolution of its Net Zero Company Benchmark.

Net Zero 52

Net Zero Paris Agreement Climate Change Divestment 52

Chris Hall

SEPTEMBER 22, 2022

He added: “If inflation in 2021 and 2022 pulls average revenue up say 15% for companies in a portfolio or a benchmark, this could knock 13% off their carbon intensity figures.”. Around 270 asset managers have committed to reducing GHG emissions by tracking carbon intensity as part of their membership of the Net Zero Asset Managers initiative.

Net Zero 52

Net Zero Divestment Greenwashing Manufacturing 52