Chris Hall

NOVEMBER 4, 2022

oriented assets to exceed US$41 trillion by 2022 and $50 trillion by 2025 — representing one?third Other states have passed or introduced legislation designed to divest from industries like fossil fuels. ESG states has passed or introduced laws requiring divestment from companies that “boycott” the fossil fuel industry.

Divestment 52

Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

JUNE 13, 2024

Skidmore’s review was part of these efforts, following a previous High Court ruling in July 2022. It’s not just about having a green finance strategy – it’s also about ending fossil-fuel financing,” the former MP added, pointing to companies such as NatWest and Unilever, which have committed to divesting from fossil fuels.

Net Zero 89

Net Zero Divestment Supply Chain Supply Chains 89

Chris Hall

MARCH 10, 2022

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. “We PLSA) digital ESG Conference 2022.

Net Zero 52

Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

MAY 5, 2023

Asset owners have been urged to “scrutinise” the investment practices of their managers, following new research highlighting that asset managers committed to net zero have billions invested in oil and gas companies failing to align with the goals of the Paris Agreement. Shares in the 15 oil and gas companies made up 2.3% at BlackRock.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

APRIL 19, 2024

For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else. Some companies may also need to tap into some form of government support.

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Net Zero Paris Agreement Climate Change Banking 81

Chris Hall

MAY 27, 2022

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.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 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. The post Glencore Abandons Coal Demerger at Investors’ Request appeared first on ESG Investor.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

JANUARY 31, 2023

In our progress report this year [following the new protocol], we hope to have deeper insights on emissions reductions that can be shared ahead of COP28 and the global stocktake of the Paris Agreement,” said Bolli. In 2022, NZAOA introduced a member-led process to review members’ published and report targets on an anonymised basis.

Net Zero 52

Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

MARCH 31, 2023

The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment. While at a corporate level firms might be decreasing their emissions, real economy emissions will increase as the assets continue to be run by a different party.

Net Zero 52

Net Zero Paris Agreement Divestment 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”.

Net Zero 52

Net Zero Paris Agreement Divestment Digitalization 52

Chris Hall

JUNE 2, 2023

Votes for a Follow This climate resolution to introduce Scope 3 emissions reduction targets fell to 11% at ExxonMobil from 28% last year, and to 10% at Chevron from 33% in 2022. Be the change – ESG Investor ’s weekly update on voting outcomes at oil and gas sector AGMs counts more clouds than silver linings as the season comes to close.

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Paris Agreement Climate Change Divestment Supply Chain 52

James Militzer

MARCH 2, 2023

C threshold (above pre-industrial levels) stipulated in the Paris Agreement. According to the International Renewable Energy Agency’s World Energy Transitions Outlook 2022 , there has been key progress in recent years in moving away from fossil fuels and toward more renewables-based electricity.

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Supply Chain Supply Chains Climate Change Development 98

Chris Hall

JULY 21, 2023

In late 2022 and early 2023, a significant number of Article 9 funds were downgraded to Article 8 due to stricter regulatory guidance. Initiatives such as divestment from fossil fuels, engagement with companies on sustainability issues, and the launch of dedicated ESG funds demonstrate their commitment to driving positive change.

Sustainable Investment 52

Sustainable Investment Greenwashing Climate Change Paris Agreement 52

Chris Hall

NOVEMBER 2, 2022

We quickly went from the positivity of COP26 into 2022, which has presented a range of challenges for us all,” said Neil Brown, head of equities at GIB Asset Management. In undeniably tough conditions across 2022, a huge amount has been done. That does not mean divesting to ensure the portfolio looks good in the quarterly report.

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COP26 Net Zero Global Economy Paris Agreement 52

Chris Hall

MAY 17, 2023

In the US alone, 529 shareholder resolutions on environmental, social and related sustainable governance themes were filed during the 2022 proxy season, a 20% increase on the previous year, according to the Proxy Preview. Transparency is improving, but slowly.

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Stewardship Code Net Zero Paris Agreement Divestment 52

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. .

Divestment 52

Divestment Net Zero Paris Agreement Sustainable Investment 52

Chris Hall

JULY 14, 2023

In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

APRIL 5, 2024

“However, compared to the findings of our inaugural report, we are disappointed to see only incremental progress; Canada’s pension sector is still not on a pathway aligned with the Paris Agreement,” said Britt Runeckles, Pensions Campaigner at Shift, a charity which engages with pension funds and their beneficiaries on climate issues.

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Net Zero Paris Agreement Divestment Greenwashing 119

Chris Hall

OCTOBER 7, 2022

Immediately and gradually – The IMF’s latest World Economic Outlook calculated that keeping on track to meet the goals of the Paris Agreement by 2030 would cost between 0.15-0.25% Energy think tank Ember revealed that global growth in electricity demand (389 TWh) was met entirely by renewable sources in H1 2022.

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Negative Screening Divestment Supply Chain Supply Chains 52

Chris Hall

MAY 19, 2022

As of March 2022, 69% of focus companies have committed to achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner and 89% have aligned with recommendations of the Taskforce on Climate-related Financial Disclosures. .

Net Zero 52

Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

MARCH 23, 2022

While the initial bid in February 2022 was knocked back as too low, Cannon-Brookes said negotiations were ongoing. The fund’s strategy includes a commitment to increasing investments in appropriate clean energy and low carbon opportunities, divestment of thermal coal miners and engagement with fossil fuel companies to set net zero targets.

Net Zero 52

Net Zero Climate Change COP26 Climate Action Tracker 52

Chris Hall

APRIL 5, 2024

“However, compared to the findings of our inaugural report, we are disappointed to see only incremental progress; Canada’s pension sector is still not on a pathway aligned with the Paris Agreement,” said Britt Runeckles, Pensions Campaigner at Shift, a charity which engages with pension funds and their beneficiaries on climate issues.

Net Zero 52

Net Zero Paris Agreement Divestment Greenwashing 52

Chris Hall

FEBRUARY 11, 2022

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.

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Net Zero Climate Change Paris Agreement Divestment 97

Chris Hall

FEBRUARY 14, 2023

The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the Paris Agreement.” New research from Majority Action found high levels of divergence between CA100+ members during the 2022 US AGM season regarding board director elections.

Net Zero 52

Net Zero Paris Agreement Climate Change Banking 52

3BL Media

JANUARY 11, 2023

China’s oil demand declined in 2022 for the first time this century as the nation jumped from one lockdown to the next. In 2022, consumption of oil in the industrial sector boomed as gas prices spiked, and with economics for oil burn favorable in 2023 despite declining spot LNG prices, demand looks set to remain strong.

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Supply Chain Supply Chains Paris Agreement Divestment 130

Richard Matthews

JANUARY 4, 2022

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 final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. My mind is made up,” Bolsonaro said.

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Climate Change Paris Agreement Waste COP26 98

Chris Hall

JULY 24, 2024

In June that year Texas Republican Governor Greg Abbott signed into state law one of the country’s first pieces of anti-ESG legislation, requiring state entities – including pension funds – to divest from companies that boycotted fossil fuel and firearms. Since then, anti-ESG legislation has become a craze among Republican-controlled states.

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Paris Agreement Divestment Net Zero Sustainable Investment 91