Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP. It would advance action along three pillars.

Divestment 293

Divestment UNEP Banking Net Zero 293

Corporate Knights

JANUARY 24, 2023

In 2021, one of the costliest years on record in the U.S., Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2015, France’s AXA became the first insurance company to start divesting from coal.

Divestment 356

Divestment Climate Change Net Zero Development 356

GreenBiz

FEBRUARY 9, 2021

Tue, 02/09/2021 - 02:00. If successfully on stream by summer 2021 as its designers hope, the service should drive not only increased transparency but also increased accountability. Sustainable investments should grow as divestment from carbon-intensive industries intensifies. Ian Kearney.

Greenwashing 395

Greenwashing Climate Change Divestment Net Zero 395

Corporate Knights

JULY 11, 2023

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals. CEC “drives dialogue” to help Canadian companies transition to net-zero.

Net Zero 201

Net Zero Divestment Paris Agreement Decarbonize 201

Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. This follows a legal complaint filed against Aramco by environmental law firm ClientEarth in 2021.

Net Zero 80

Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

FEBRUARY 11, 2022

Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve net zero and other sustainability objectives, according to competition lawyers. Competition barriers to collective sustainability initiatives by investors expected to be lowered. Limits to power of collaboration.

Net Zero 97

Net Zero Climate Change Paris Agreement Divestment 97

Corporate Knights

FEBRUARY 16, 2022

Every company and every industry will be transformed by the transition to a net zero world.”. More than 1,000 companies have now committed to a net-zero-emission target in line with a 1.5°C To date, financial firms have pledged that more than US$130 trillion of assets will be net-zero by 2050. Source: CK) 1.

Net Zero 360

Net Zero Negative Screening Divestment Manufacturing 360

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.

Net Zero 52

Net Zero Divestment Climate Change Chief Sustainability Officer 52

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

FEBRUARY 15, 2023

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. At the end of 2021, 27% of funds in Europe had been repurposed to integrate ESG factors. It’s always better for investors to have more choice.”

Net Zero 52

Net Zero Divestment Greenwashing Sustainable Investment 52

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

AUGUST 22, 2022

billion), UPP was founded in 2021 and is jointly sponsored by member universities and faculties from several Ontario universities. . reduction in UPP’s portfolio carbon footprint by 2025 and 60% by 2030 compared to a 2021 baseline. . The post Ontario Pension Scheme Takes “First Step” to Net Zero appeared first on ESG Investor.

Net Zero 52

Net Zero Paris Agreement Divestment Climate Change 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

Chris Hall

JANUARY 20, 2023

In Q4 2021, around 30 Canadian institutional investors formed Climate Engagement Canada, an initiative leveraging the practices of Climate Action 100+, but focused on enhancing investor dialogue on climate transition with Canadian firms. Businesses across Canada need ambitious net zero climate plans, and they need to see them through.

Net Zero 98

Net Zero Divestment Development Climate Change 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

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

Net Zero 52

Net Zero Divestment Climate Change Green Investing 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

Chris Hall

SEPTEMBER 27, 2024

False dawn Things started to change in 2021. Many also signed up to the Net Zero Investment Managers Initiative and the Net Zero Asset Owner Alliance. Many investment managers and asset owners – which at that time committed to net zero – didn’t fully appreciate how they were going to meet their objectives.

Net Zero 59

Net Zero Stewardship Code Value Creation Divestment 59

Cisco CSR

AUGUST 30, 2022

And just as importantly, Cisco then sends a report confirming what was received so SMBs can prove how they safely divested the equipment to comply with regulations. We’re proud that in our 2021 fiscal year, 99.92% of everything that has been returned to us is either refurbished for Cisco Refresh or other programs, or recycled.

Supply Chain 105

Supply Chain Supply Chains Digital Transformation Digitalization 105

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

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

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

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

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

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 19, 2022

It assesses the climate-related commitments and performance of 166 focus companies – typically the world’s highest emitters – against its Net Zero Company Benchmark , which was launched in March 2021 and covers emissions reduction, governance and disclosure themes. . Staggered progress .

Net Zero 52

Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

MARCH 31, 2023

This will take time and now time has run out for the new clean lobbying to have the necessary impact to save global net zero without an overshoot past 1.5 ° C. They are non-OECD countries and negative emissions technologies (NETs). None of this will be fun.

Net Zero 52

Net Zero Divestment Supply Chain Supply Chains 52