Corporate Knights

FEBRUARY 16, 2022

Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Every company and every industry will be transformed by the transition to a net zero world.”. Sustainable investments have now reached $4 trillion.

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Corporate Knights

OCTOBER 17, 2022

Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks. requires an immediate end to fossil fuel expansion and a rapid phase-out of production.

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Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP.

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Corporate Knights

JANUARY 24, 2023

The cost of damage from severe weather events in the United States was expected to top US$100 billion in 2022. Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2021, one of the costliest years on record in the U.S.,

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Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. billion in 2022, a 46.5% According to the report, it has the fourth most credible net zero targets of the 25 firms.

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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).

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Chris Hall

OCTOBER 5, 2022

Role of active stewardship across environmental and social themes emphasised at ESG Risk & Investment Asia 2022. . An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. .

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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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Chris Hall

APRIL 5, 2024

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Most – but not all – of these funds have also put in place interim targets.

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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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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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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.

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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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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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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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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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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

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.

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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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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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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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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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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

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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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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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

APRIL 5, 2024

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Most – but not all – of these funds have also put in place interim targets.

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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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Chris Hall

MAY 19, 2022

It assesses the climate-related commitments and performance of 166 focus companies – typically the world’s highest emitters – against its Net Zero Company Benchmark , which was launched in March 2021 and covers emissions reduction, governance and disclosure themes. . Staggered progress .

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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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