ESG Today

MARCH 14, 2024

Introduces new target, but eliminates 2035 goal due to energy transition “uncertainty” Energy giant Shell announced today the release of “Energy Transition Strategy 2024,” the first update to its “Powering Progress” strategy, launched in 2021, outlining the company’s climate transition roadmap and goals.

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ESG Today

JULY 25, 2023

According to a government statement announcing the launch of the new framework, the initiative forms part of Canada’s commitment under the Glasgow Statement, a 34-nation agreement signed at the 2021 COP 26 summit , to shift public finance away from fossil fuels and in support of the energy transition.

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3BL Media

AUGUST 23, 2022

When planning phases span decades, it is important to avoid the consequences of getting locked into path dependency or stranded assets by having a clear understanding of technology maturity and cost. Our revenues in 2021 exceeded US$3.3 “Decarbonisation strategies require the long view.

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Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

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Envirotec Magazine

SEPTEMBER 17, 2021

This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit. The full knowledge brief is available here.

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Chris Hall

APRIL 21, 2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments. In 2021, insured natural catastrophe losses reached around US$110 billion, according to Swiss Re, making it the third-costliest catastrophe year since 2011.

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Chris Hall

JUNE 2, 2022

The information papers are based on a thematic review conducted by MAS in 2021 on selected banks, insurers and asset managers, highlighting emerging and good practices by FIs and identifying areas where further work is needed. Varying stages of implementation.

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Chris Hall

OCTOBER 6, 2022

For example, they may request assurance that the company won’t end up with stranded assets.”. This research follows up on a 2021 report ‘Flying Blind: The glaring absence of climate risks in financial reporting’, and is entitled ‘Still Flying Blind’. They have to make that decision themselves. Potential evidence of greenwashing.

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Chris Hall

MARCH 16, 2022

The UN’s Second World Ocean Assessment report published in 2021 found that a failure to achieve the integrated management of human uses of coasts and the ocean is increasing risks to the benefits traditionally drawn from the ocean, including food safety and security. What is the scale of the problem?

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Chris Hall

AUGUST 8, 2024

Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it.

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Corporate Knights

MARCH 22, 2023

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion, versus just 7% of $2.1 79000 0.14

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Chris Hall

JANUARY 27, 2025

Alongside stranded asset dangers for investors, the early phase-out of emerging markets coal fleets leaves countries open to legal, financial risks. The International Energy Agency has said the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net zero by the mid-century.

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Chris Hall

SEPTEMBER 13, 2023

The UK’s net zero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. trillion (US$1.89 As a small island beset by grey skies more often than blue, energy generated by offshore wind power has long been considered the strongest renewable option.

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Corporate Knights

JANUARY 25, 2023

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045). There is no question that the company is making moves in the right direction.

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Climate Change Net Zero Stranded Assets Shipping 313

Corporate Knights

JUNE 19, 2024

Enbridge, the multinational energy giant, ended up purchasing the Pacific Trail Pipeline in late 2021 from its original owners, Chevron and Woodside. Gas demand is set to peak in 2030 in all scenarios, the IEA has said, raising the thorny question of when new investments in oil and gas will become stranded assets.

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Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

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Chris Hall

AUGUST 23, 2023

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve net zero greenhouse gas (GHG) emissions by or around 2050.

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Richard Matthews

FEBRUARY 21, 2022

According to a report published by Ceres , the Net Zero Asset Managers initiative has grown to 128 investors who collectively manage $43 trillion. Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. More Funds Diverted to Sources of Renewable Energy.

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Corporate Knights

AUGUST 15, 2022

In April, 2021, Germany’s Constitutional Court declared that the country’s 2030 emission reduction targets were insufficient, lacking in detail, and therefore violated the fundamental rights of citizens—including the nine youth climate campaigners who originally launched the case.

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Chris Hall

APRIL 14, 2023

These shareholder proposals also encourage banks to be mindful of facilitating and upholding business plans that invest in the development of new assets at disproportionate risk of becoming stranded assets. Proponents of the resolutions acknowledge the near-term need for fossil fuels. US and Canadian banks need to get on board.

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Chris Hall

SEPTEMBER 29, 2023

According to the International Energy Agency , the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net-zero emissions and avoid the worst impacts of climate change. These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early.

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Chris Hall

JANUARY 30, 2024

Financial institution focus Following successful litigation in 2021, a Dutch court required Shell to slash its emissions by 45% by 2030 and held the firm responsible for Scope 3 emissions from its value chain.

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3BL Media

AUGUST 8, 2022

The Corporate Sustainability Reporting Directive (CSRD) , launched in 2021 in the EU, is a non-financial reporting directive to introduce even more detailed reporting requirements for large companies, including an obligation for companies to digitally tag reported information.

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Chris Hall

MARCH 13, 2023

CCUS and blue hydrogen inclusion seen as slowing Canada’s net zero transition, while finance leaders urge stakeholders to “get on with it”. Produced by Canada’s Sustainable Finance Action Council (SFAC) , the proposed framework outlines two categories for sustainability-focused investments.

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Chris Hall

MARCH 2, 2022

The EU only built 11GW of new wind farms in 2021, with plans to expand this by 18GW a year over the course of 2022-26, according to a report by WindEurope, a Brussels-based association. Increasing gas infrastructure must be avoided to avert dangerous climate impacts and stranded assets.”.

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Chris Hall

APRIL 27, 2022

With the transport sector a significant generator of greenhouse gas emissions, electric vehicles are an important element of the net zero transition. In 2021, global electric vehicle (EV) sales more than doubled to 6.6 Moreover, all of the net growth of global car sales in 2021 came from the sale of EVs.

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Chris Hall

APRIL 20, 2022

Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure.

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Chris Hall

MAY 4, 2022

It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .

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Corporate Knights

JULY 25, 2023

The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. increase in 2021, the Canadian Climate Institute reported in February). billion for the first nine months of 2021/22.

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Chris Hall

MAY 11, 2022

For example, a decision not to invest in a high-carbon asset because of financial concerns about stranded assets is likely to be seen as consistent with fiduciary duties, providing that the decision is based on credible assumptions and robust processes. How are attitudes changing? Are returns no longer first among equals?

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Chris Hall

NOVEMBER 16, 2022

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . VCMs have logged rapid growth in recent years, reaching nearly US$2 billion by the end of 2021, and expected to reach US$50 billion by 2030.

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Chris Hall

JULY 20, 2022

“Necessary public and private investment ramp-up can only be achieved if it is built on continued sector reform and improved financial viability in the sector,” says IRENA, in its 2021 report, ‘ The Renewable Energy Transition in Africa ’. .

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Chris Hall

MARCH 29, 2022

Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero roadmap , after challenges to shareholder resolutions were rejected. . Risk of stranded assets . targets. . Making good on commitments .

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We Mean Business Coalition

NOVEMBER 12, 2021

The actions being taken by signatories to WorldGBC’s Net Zero Carbon Buildings Commitment to tackle whole life carbon are critical because they are driving emissions reductions now and in the future. See the open letter to President Biden that supports this direction of travel, signed by more than 400 companies in April 2021. .

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Jon Hale

SEPTEMBER 1, 2022

The AG letter contends that BlackRock’s commitment to accelerate net zero emissions across all of its assets, regardless of client wishes, is somehow political or unfair to clients who don’t want to invest in the energy transition. trillion in assets.

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