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Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals

ESG Today

The new resolution follows the release last year by Shell of its Energy Transition Strategy 2024, the first update to its Powering Progress strategy, launched in 2021, outlining the companys climate transition roadmap and goals. The resolution failed, receiving only 18.6% shareholder support.

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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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Joe Biden can be the president for a sustainable private sector

GreenBiz

Joe Biden can be the president for a sustainable private sector. Mon, 02/15/2021 - 01:00. His ability to achieve his agenda will require action from key sectors across the country, including the investment and business community. Advancing policies that support the growth of a sustainable American economy also supports U.S.

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Bank financing for fossil fuels dips second year in a row

Corporate Knights

trillion in financing to the fossil fuel industry in the eight years since the Paris Agreement was signed, according to a comprehensive new report. trillion in financing for new fossil fuel expansion projects, investments that put the net-zero goal of the Paris Agreement in jeopardy. This sum includes US$3.3

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Four key lessons from the world’s top responsible investors

Corporate Knights

Since its launch in 2006, a significant portion of the global investment industry has signed on to the United Nations–backed Principles for Responsible Investment (PRI). Companies need transition plans that show capital-expenditure alignment with 1.5°C

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SBTi Limits Carbon Credit Use in Latest Guidance

Chris Hall

The SBTi develops standards, tools and guidance to help companies and financial institutions to set greenhouse gas (GHG) emissions reduction targets in line with climate science and the goals of the Paris Agreement. The fund had given the SBTi US$18 million in grants as part of a three-year agreement which started in 2021.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

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