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The biggest carbon losers

Corporate Knights

As a group, over the course of the past decade (2012 to 2021) these 20 companies slashed their net GHG emissions (Scope 1 and 2) by 43%, from 862 million tonnes to 489 million tonnes. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement.

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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Almost immediately in response to the Clean Creatives campaign, communications consultancy Porter Novelli announced it would end its working relationship with the American Public Gas Association from 2021. Michael Holder. Mon, 11/30/2020 - 01:00.

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Shell U-turn Prompts Closer Investor Scrutiny

Chris Hall

trillion) in AUM co-filed a climate resolution at Shell, calling for the European oil and gas major to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement. Earlier this month, 27 institutional investors with €4 trillion (US$4.6 Hold or fold?

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Shell’s Empty Transition Promise

Chris Hall

The oil and gas major’s Scope 3 commitments are muted but welcome, as expansion plans continue to prevail over sustainability targets. When Shell published its first energy transition strategy in 2021, investors and climate-focused NGOs alike were underwhelmed , with some even co-signing an open letter denouncing the plan.

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Dutch Pension Fund Draws Line in Sand for Fossil Fuels

Chris Hall

Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C

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Engagement with Consequences

Chris Hall

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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New Climate Rules and Guidance for UK Pensions

Chris Hall

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. degrees Celsius.