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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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.”

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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.

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Net Zero Paris Agreement Divestment Climate Change 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.

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Net Zero Climate Change Carbon Offsets Divestment 52

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.

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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.

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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.

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

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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.

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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”.

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Divestment Net Zero Sustainable Investment 52

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.

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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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Net Zero Global Economy Divestment Climate Change 69

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

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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.

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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.

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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.

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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.

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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. .

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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.

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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

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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.

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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.

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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?

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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.

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Net Zero Divestment Supply Chains Supply Chain 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.

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Net Zero Divestment Climate Change Sustainable Investment 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.

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Corporate Knights

OCTOBER 25, 2024

As of 2021, the collective assets under management represented by all PRI signatories – a group committed to incorporating environmental, social and governance (ESG) factors into their investment decisions – was more than US$121 trillion. For investors, however, sustainability disclosure isn’t merely optional anymore; it’s essential.

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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.

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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.

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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

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.

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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”.

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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). . Plotting a path to Paris .

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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.

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Chris Hall

FEBRUARY 8, 2023

They’ve enjoyed £12 billion in dividends and share buybacks since Q4 2021 from BP, which reported £23 billion in profit yesterday. Investors, on the other hand, will likely be pleased with the results.

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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.

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Chris Hall

AUGUST 8, 2024

Divest or wind down? Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. 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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