Corporate Knights

DECEMBER 9, 2022

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The inability to prepare adequately for the energy transition will come with significant economic costs.

Stranded Assets 293

Stranded Assets Net Zero Supply Chains Supply Chain 293

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.

Stranded Assets 354

Stranded Assets Shipping Net Zero Manufacturing 354

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.

Stranded Assets 176

Stranded Assets Net Zero Development Banking 176

Corporate Knights

SEPTEMBER 27, 2023

Extraordinary Growth’ in Clean Energy Tech The IEA roadmap is an update of the landmark Net Zero by 2050 scenario that the Paris-based agency first published in May, 2021. These represent a stranded asset risk of hundreds of billions of dollars and potentially locking in tens of billions of tonnes of carbon dioxide (CO2) emissions.”

Net Zero 317

Net Zero Stranded Assets Climate Change Development 317

Corporate Knights

JANUARY 25, 2023

In 2021, BASF purchased a major share of the world’s largest wind farm – Hollandse Kust Zuid – which is currently under construction in the North Sea, some 50 kilometres off the Dutch coast. billion in sales in 2021 and 110,000 employees worldwide, has a lot of weight to throw around.

Climate Change 313

Climate Change Net Zero Stranded Assets Shipping 313

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.

Stranded Assets 97

Stranded Assets Net Zero Clean Technology Global Economy 97

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.

Paris Agreement 246

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

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.

Net Zero 104

Net Zero Stranded Assets Paris Agreement Climate Change 104

Chris Hall

FEBRUARY 28, 2022

Stranded assets, defaults in thermal power, steel and cement sectors may increase if companies do not shift to low-carbon alternatives. The People’s Bank of China (PBOC) has revealed the results of its first phase of climate risk stress tests of major banks in the country.

Stranded Assets 52

Stranded Assets Banking 52

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.

Stranded Assets 100

Stranded Assets Net Zero Development 100

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.

CDP 130

CDP Stranded Assets Integrated Reporting Climate Change 130

Chris Hall

MAY 6, 2022

Sixty-nine percent of listed equities reporting via CDP’s platform stated they are exposed to water risks that could “generate a substantive change in their business”, said CDP’s report on how water issues are stranding assets. Water risk factors and stranded assets.

Stranded Assets 52

Stranded Assets CDP Banking Development 52

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. Foreign investors in coal -fired power plants (CFPPs) across Asia must open the door to renegotiation to ensure the climate commitments of host governments can be realised.

Net Zero 64

Net Zero Stranded Assets Paris Agreement Banking 64

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.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

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.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

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.

Banking 52

Banking Stranded Assets Net Zero Sustainable Investment 52

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.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Envirotec Magazine

SEPTEMBER 17, 2021

From 2016 to 2020, the 38 banks that exclude direct finance for coal-fired power plants have nonetheless provided over USD 52 billion in finance to companies engaged in coal projects (Rainforest Action Network 2021).

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

Chris Hall

AUGUST 12, 2022

The report cites a global total of 2002 cases, brought by May 2021, according to the Climate Change Laws of the World (CCLW) database, maintained by the London School of Economics’ Grantham Research Institute on Climate Change and the Environment, supplemented by the United States Climate Litigation Database. Vital role of non-execs.

Climate Change 52

Climate Change Stranded Assets Paris Agreement UNEP 52

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?

UNEP 98

UNEP Banking Paris Agreement Stranded Assets 98

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).

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

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.

Stranded Assets 52

Stranded Assets Divestment Greenwashing Paris Agreement 52

Richard Matthews

FEBRUARY 21, 2022

Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. percent between 2010 and 2021 while renewable-focused funds gained 8 percent in the same time frame. More Funds Diverted to Sources of Renewable Energy. According to Preqin, conventional energy investments lost 5.6

Impact Investing 76

Impact Investing Value Creation Net Zero Stranded Assets 76

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.

Divestment 52

Divestment Net Zero Stranded Assets Greenwashing 52

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.”.

Net Zero 98

Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

OCTOBER 10, 2022

Among the sustainable investment themes and concerns most likely to arise as client priorities in the near future were the monitoring of public policy by asset managers and their ability to offer impact-aligned or generating products. A long way to go”. Further, 35% could not evidence an ESG-motivated buy decision, up from 26% last year.

Sustainable Investment 52

Sustainable Investment Stranded Assets Negative Screening Divestment 52

Chris Hall

MARCH 13, 2023

Following a lack of progress made by the non-profit industry body Canadian Standards Association (CSA), SFAC was launched in 2021 by the Canadian government with responsibility for creating a green taxonomy.

Net Zero 52

Net Zero Stranded Assets Development Greenwashing 52

Chris Hall

SEPTEMBER 13, 2023

Wind generation increased by 24% in 2022 to 80 terawatt-hours (TWh) following a 3 GW increase in capacity, the CCC report said, adding that solar generation reached 14 TWh in 2022, a 15% increase on 2021 levels.

Net Zero 89

Net Zero Climate Change Stranded Assets Green Investing 89

Edouard Stenger

DECEMBER 30, 2020

Hopefully, 2021 will bring more exciting stories and analysis…). Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing. (This post was published earlier this year on Medium. Sorry for the lack of content this year.

Stranded Assets 59

Stranded Assets Divestment Development Global Economy 59

Chris Hall

APRIL 21, 2023

In 2021, insured natural catastrophe losses reached around US$110 billion, according to Swiss Re, making it the third-costliest catastrophe year since 2011.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

AUGUST 23, 2023

Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play? “Without that, the transition for shipping will be very uncertain and overly dependent on regional and national policies to drive things forward. of global international shipping demand, the IEA said.

Shipping 81

Shipping Net Zero Stranded Assets Development 81

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?

UNEP 52

UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

SEPTEMBER 29, 2023

These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early. A case study in coal retirement The Just Energy Transition Partnership (JETP) was launched in 2021 to help developing nations end their reliance on fossil fuels — especially coal — and shift to cleaner energy sources.

Development 69

Development Net Zero Supply Chains Supply Chain 69

Chris Hall

APRIL 20, 2022

C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure. Depending on its availability, CCS could allow fossil fuels to be used longer, reducing stranded assets.”. What is carbon capture and storage?

Net Zero 52

Net Zero Development Climate Change Stranded Assets 52

Chris Hall

APRIL 27, 2022

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. China has emerged as a driver of the global EV market, almost tripling sales in 2021 to reach 3.4 This represented a tripling of EV’s market share from two years earlier.

Net Zero 52

Net Zero Manufacturing Supply Chains Supply Chain 52

Chris Hall

MAY 4, 2022

Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. In 2021, the TCFD consulted on its metrics, targets and transition plans, with a view to updating its original 2017 framework and guidance.

Net Zero 52

Net Zero Carbon Offsets Paris Agreement Climate Change 52

Chris Hall

NOVEMBER 16, 2022

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. “There is only one way we’re going to keep 1.5°C The deal committed US$8.5

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52