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Clean 200 list shows sustainable companies on path to dominate global economy

Corporate Knights

Clean200 data show that for the large companies that make up 80% of global market capitalization, sustainable revenues and capital expenditures are growing more than twice as fast as all other revenues over the past five years. trillion in sustainable revenue in 2023 (the most recent year for which full-year results are available).

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NYC Proposes Ban on Investments in Fossil Fuel Infrastructure for Pension Funds

ESG Today

The proposal follows decisions by the pension funds to divest from fossil fuel reserve owners in their public equities portfolio in 2018, and to exclude upstream fossil fuel investments, including exploration and extraction, in their private markets investments in 2023.

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More Ambition Needed from AMs on Fossil Fuels

Chris Hall

While the non-profit acknowledged that economic prosperity is linked to energy access, it argued that transitioning the global economy doesn’t hinge on demand being met, but rather on how it is met. Such resolutions averaged 22% of support in 2022 but dropped to 16% last year.

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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions

3BL Media

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
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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113
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NZAOA Calls on Politicians to Accelerate Climate Policy Reform

Chris Hall

C no/low overshoot scenarios to set the ambition level for sub-portfolio and sector targets. At the global level, IPCC 1.5°C billion invested by Alliance members in 2023, primarily directed towards the building and energy sectors. “As we head towards at least 2.4°C

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Investors Told to Embed Sustainability at PRI Event

Chris Hall

However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5% of CDPQ’s total C$452 billion (US$329.7 billion) in AUM.