3BL Media

AUGUST 3, 2022

SUMMARY: NET INCOME OF $0.26 PER SHARE PSE&G to Invest $511 Million through Infrastructure Advancement Program Re-Affirms 2022 Non-GAAP Operating Earnings Guidance of $3.35 - $3.55 August 3, 2022 /3BL Media/ - Public Service Enterprise Group (NYSE: PEG) reported Net Income of $131 million, or $0.26 Net Income/(Loss).

Divestment 130

Divestment Net Zero Supply Chain Supply Chains 130

Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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Divestment Net Zero Climate Change 52

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

Net Zero 113

Net Zero Decarbonize Divestment Global Economy 113

Chris Hall

SEPTEMBER 21, 2022

trillion sovereign wealth fund, has published its 2022-2025 climate action plan. Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . NBIM’s 2020-2022 strategy outlined the asset owner’s intention to vote against corporate boards with fewer than two women. .

Net Zero 52

Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

FEBRUARY 15, 2023

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.

Net Zero 52

Net Zero Divestment Greenwashing Sustainable Investment 52

ESG Today

FEBRUARY 16, 2024

Humeau said: “As part of our responsible investor commitments, we remain committed to regularly evolving our practices and policies over time and we acknowledge the need for real economy policies to further support the transition to a net-zero world.”

Paris Agreement 115

Paris Agreement Divestment Net Zero 115

Chris Hall

JUNE 13, 2024

Chris Skidmore, former MP and author of the net zero review, talks about what the next UK government should do to get the country’s net zero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised net zero strategy.

Net Zero 89

Net Zero Divestment Supply Chain Supply Chains 89

Chris Hall

MAY 27, 2022

Achieved through marginal changes in portfolio allocations and the opportunistic divestment of just a few stocks, such reductions can be used to present an unjustifiably favourable image of the environmental credentials of a portfolio. Sources: Sustainalytics, S&P Global Trucost, Bloomberg, Fulcrum Asset Management, as at March 2022.

Divestment 52

Divestment Net Zero Climate Change 52

Chris Hall

JUNE 27, 2024

Asset managers should divest from fossil fuel companies that are proving resistant to influence and concentrate their finite engagement resources on those which can plausibly be influenced,” the paper noted.

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Divestment Net Zero Global Economy Sustainable Investment 72

Chris Hall

FEBRUARY 22, 2024

The pension fund had previously engaged with Amazon on the issue as part of a 12-strong coalition of Danish pension funds formed in 2022, and representing approximately DKK5 trillion (US$724.2 billion) in AUM. The coalition aimed to collectively engage on employees’ right to unionise and bargain on wages and working conditions.

Divestment 81

Divestment Value Creation Net Zero Banking 81

Chris Hall

APRIL 1, 2022

US pension fund’s 2022 voting strategy will hold board members accountable. . The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. .

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Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. million tonnes of carbon dioxide equivalent (tCO2e) in 2022, from 221.2

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Net Zero Global Economy Divestment Climate Change 69

Chris Hall

MAY 24, 2024

Natural allies – Just ahead of this year’s UN International Day for Biological Diversity , delegates gathered in Kenya for the first review of the implementation of the Global Biodiversity Framework (GBF) since its adoption at COP15 in December 2022. The post Take Five: Bound by Destiny appeared first on ESG Investor.

Net Zero 78

Net Zero Climate Change Divestment Greenwashing 78

Chris Hall

MAY 22, 2024

This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. In 2022, the oil and gas industry invested just 2.5% billion), down from 14% in 2022. Last year, Shell invested US$5.6

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Divestment Paris Agreement Stranded Assets Net Zero 89

3BL Media

FEBRUARY 28, 2022

28, 2022 /3BL Media/ PSEG today announced its vision and mission to continue to tackle the 21st century challenges of extreme and damaging weather, protecting the environment and taking action toward a clean, electrified and sustainable economy where all people thrive – Powering Progress. SOURCE: Public Service Enterprise Group (PSEG).

Divestment 130

Divestment Net Zero Waste Development 130

Chris Hall

MAY 24, 2024

David Byrns, Portfolio Manager at American Century, explains why transition investing is fundamental to achieving net zero. trillion in 2022, at the same time greenhouse gas (GHG) emissions have hit an all-time high. This can really cost investors, as it did in 2022, whereas the value investment style outperformed.”

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Net Zero Sustainable Investment Value Creation Divestment 80

Chris Hall

MAY 17, 2023

The final step of escalation is divestment, with Aviva Investors stating it is “committed to full divestment of targeted companies that fail to meet its climate expectations”. Mirza Baig, Global Head of ESG Research and Stewardship at Aviva Investor, described divestment as the “ultimate sanction”. Wihlborn said.

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Divestment Net Zero Sustainable Investment 52

Chris Hall

MAY 12, 2022

New report released amid climate votes at AGMs, finds overreliance on unproven technology and divestment risk. The Absolute Impact 2022 report analyses the credibility of 15 major oil and gas companies’ plans for emissions reductions, and the extent to which their efforts genuinely reduce global CO2 emissions levels.

Net Zero 52

Net Zero Divestment Carbon Offsets Zero Carbon 52

Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

Net Zero 52

Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

SEPTEMBER 27, 2024

Many also signed up to the Net Zero Investment Managers Initiative and the Net Zero Asset Owner Alliance. Many investment managers and asset owners – which at that time committed to net zero – didn’t fully appreciate how they were going to meet their objectives. A – Stewardship.

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Net Zero Stewardship Code Value Creation Divestment 59

3BL Media

SEPTEMBER 16, 2022

This is anchored in our comprehensive net-zero science-based targets and an ambitious impact plan for 2025 that includes saving 800 million tons of CO2 emissions for our customers by that time. We’re also regularly recognized for our ESG performance. Being an impact company: Front, center and together.

Decarbonize 130

Decarbonize Divestment Net Zero Supply Chains 130

Chris Hall

MARCH 31, 2023

Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.

Net Zero 52

Net Zero Paris Agreement Divestment 52

Chris Hall

MARCH 10, 2022

PLSA) digital ESG Conference 2022. These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.

Net Zero 52

Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

JANUARY 26, 2022

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.

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Divestment Net Zero COP26 Climate Change 52

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

MAY 5, 2023

Net zero-committed asset managers still investing in laggard oil and gas majors, as pressure to stop financing new fossil fuel production builds. This universe is made up of 90 asset managers, including 25 members of the Net Zero Asset Managers (NZAM) initiative , that have collectively invested US$417 billion into these companies.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

MAY 3, 2022

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.

Net Zero 52

Net Zero Divestment Greenwashing COP26 52

Chris Hall

APRIL 29, 2022

An emphasis on new tools and new approaches was evident on the first day of City Week 2022, held at London’s Guildhall, dedicated to climate and ESG themes. To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions.

Net Zero 52

Net Zero Divestment Sustainable Investment Banking 52

Chris Hall

JULY 7, 2023

This week, the Anglican church’s £3 billion AuM pension scheme announced it was quitting one of the two net zero groupings to which it belongs to better focus efforts to decarbonise its investment portfolio. billion in profit tax in 2022 to the Russian treasury, a figure it regards as “only the tip of the iceberg”.

Net Zero 52

Net Zero Shipping Development Divestment 52

Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C The Church Commissioners, which manages the CoE’s £10.3

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

JUNE 14, 2023

1 campaign has changed that, he argues. Exxon has since set a number of targets, including net zero greenhouse gas (GHG) emissions for its operated unconventional assets in the Permian Basin by 2030. But it also silences the ‘good angels’, especially if less climate-conscious investors take their place.

Net Zero 52

Net Zero Divestment Climate Change Sustainable Investment 52

Corporate Knights

JANUARY 27, 2023

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

Divestment 312

Divestment Net Zero Sustainable Investment Climate Change 312

Chris Hall

APRIL 19, 2024

The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the net zero transition.

Net Zero 81

Net Zero Paris Agreement Climate Change Banking 81

Chris Hall

SEPTEMBER 6, 2024

percentage points from 2019 to 2022, and has remained flat since. The announcement last week of a consultation on the sector’s role in Britain’s net zero transition only added to its challenges. The portion of total income earned by and paid to workers fell by 0.6 Is now the right time for investors to quit a fading industry ?

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Divestment Net Zero Climate Change Banking 80

Chris Hall

DECEMBER 13, 2022

In the 2022 report, it was followed by board issues (US$2.87 Managers also reported applying fossil fuel divestment screens across US$1.2 There were also more climate change-related shareholder proposals (265) filed by investors in the two years to mid-2022, compared with the previous period, said the US SIF Foundation.

Climate Change 52

Climate Change Net Zero Negative Screening Sustainable Investment 52

Chris Hall

FEBRUARY 8, 2023

As BP and Shell post bumper profits from oil and gas production, their commitment to the net zero transition has come into question. “Cooked, choked and taken to the cleaners” – this was the angry reaction from British environmentalist Chris Packham to oil giants BP and Shell announcing their highest profits ever as UK energy bills surge and (..)

Net Zero 52

Net Zero Divestment Climate Change Development 52

Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. These new expectations build on its voting record on climate in 2022. It did vote for many independent resolutions on climate change, he added.

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Divestment Banking Climate Change Net Zero 52