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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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.

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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. .

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Net Zero Climate Change Carbon Offsets Divestment 52

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.

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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.

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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.”

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Paris Agreement Divestment Net Zero 113

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

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.

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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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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).

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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.

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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.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

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.

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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.

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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.

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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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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 ”.

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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.

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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.

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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.

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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”.

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Net Zero Shipping Development Divestment 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.

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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.

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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.

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Net Zero Paris Agreement Climate Change Banking 81

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.

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Climate Change Net Zero Negative Screening Sustainable Investment 52

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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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

Chris Hall

MAY 25, 2023

C pathway.” Despite ‘dark green’ investors divesting from Glencore, Narr remains encouraged by 24% of shareholders voting against Glencore’s climate plan at last year’s AGM which showed there was a “sizable minority that were not super happy with the climate report”. At the meeting, the US$64.8

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Chris Hall

DECEMBER 7, 2022

As the climate crisis has worsened, pressure on publicly-listed companies to make net zero commitments and transition to low-carbon operations and products has intensified. The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers.

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Chris Hall

NOVEMBER 2, 2022

Despite the precariousness of the pathway to net zero, COP26 generated a renewed sense of urgency and optimism as to how to support emerging markets and deal with heavy greenhouse gas emitters. In undeniably tough conditions across 2022, a huge amount has been done. Beast from the east. Policy action.

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COP26 Net Zero Global Economy Paris Agreement 52

Chris Hall

SEPTEMBER 22, 2022

He added: “If inflation in 2021 and 2022 pulls average revenue up say 15% for companies in a portfolio or a benchmark, this could knock 13% off their carbon intensity figures.”. On this trajectory, a 13% fall in carbon intensity from where it stood at the end of the last quarter (Q2 2022) amounts to 2.5 and the UK rate at 9.9%.

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Net Zero Divestment Greenwashing Manufacturing 52

Chris Hall

NOVEMBER 9, 2022

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. Engagement ring.

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Net Zero COP26 Banking Climate Change 52

Chris Hall

AUGUST 8, 2024

Divest or wind down? Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. BHP sold its oil and gas business to Woodside in 2022 in an all-share deal. For a carbon-intensive business, Glencore has relatively ambitious climate targets.

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