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DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. SOURCE: Franklin Templeton. About Brandywine Global.
2022 will see stronger focus on biodiversity as investors show “teeth” to laggards. Multiple asset managers’ letters to stakeholders announcing their 2022 intentions, including Aviva Investors and BMO Global Asset Management, said that they were now looking beyond climate. Playing hardball on S and G.
DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations Climate Change Conference , COP26, declared that the climate crisis is at a critical inflection point. SOURCE: Antea Group. C commitment and 7,126 companies have joined the Race to Zero.
C increase over pre-industrial temperatures was hanging by a thread at the end of COP26, subsequent economic and geopolitical events appear to have dealt a blow to those ambitions – at least in the short term. The sense of optimism at COP26 turned out to be short lived. “We Beast from the east.
Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.
NGO Reclaim Finance’s 2022 climate Scorecard says asset managers’ engagement policies “fail to send clear signals to fossil fuel companies”. Reclaim Finance notes a “growing trend” within the investor community to condemn exclusion and divestment from heavy emitters as both “unrealistic and ineffective” tools to decarbonise the economy.
At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. On this critical issue, there has been no absence of good intent.
California required SCE and other investorowned utilities to divest the majority of their generation assets beginning in the late 1990s in order to promote competitive energy pricing. Among other things, SCE divested from and terminated all contracts with coal-burning resources and, since 2015, has had no coal in its specified portfolio.
Australia adopted an economy-wide target of net zero emissions by 2050 in the run-up to COP26. At COP26 in Glasgow, Australia refused to commit to phasing out coal. While the initial bid in February 2022 was knocked back as too low, Cannon-Brookes said negotiations were ongoing. What are Australia’s stated net zero goals?
At COP26, the Glasgow Financial Alliance for Net Zero (GFANZ) – an umbrella body which includes the NZIA and other sub-sector groups – announced that firms with US$130 trillion AUM had committed to reducing their financed emissions to net zero by 2050, to achieve the goals of the Paris Agreement.
As reported by CNN’s Matt Rivers , moving into 2022, democracy is better positioned to fend off right-ring authoritarianism than you might think. The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2
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