Chris Hall

JANUARY 3, 2024

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Corporate Knights

JANUARY 26, 2023

We will know that the rest of the US$130-trillion GFANZ (Glasgow Financial Alliance for Net Zero) coalition is serious when they follow suit. degrees is the speed at which we invest, not divest. have done for new oil and gas fields – with some caveats.

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Paris Agreement Banking Divestment Net Zero 339

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

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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Net Zero Divestment Supply Chains Supply Chain 89

ESG Today

FEBRUARY 16, 2024

AXA IM also announced a commitment to begin disclosing the rationale for all votes against ESG-related shareholder proposals, noting that in 2023 it supported 68% of all such resolutions.

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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

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold? Nest also views climate change as a systemic risk.

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Divestment Paris Agreement Net Zero Climate Change 72

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. billion invested by Alliance members in 2023, primarily directed towards the building and energy sectors.

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Net Zero Global Economy Divestment Climate Change 69

ESG Today

JANUARY 23, 2023

For the report, Real Asset Study 2023, Aviva Investors polled 500 institutional investors, including pension funds, insurers, global financial institutions and official institutions, across Europe, North America and Asia, representing combined assets under management of $3.5 trillion, in a survey conducted by CoreData Research.

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Divestment Net Zero Greenwashing Sustainable Investment 98

Chris Hall

MAY 24, 2024

David Byrns, Portfolio Manager at American Century, explains why transition investing is fundamental to achieving net zero. But the range of transition planning frameworks being developed to support organisations on their path to net zero is inevitably driving demand for assets turning from brown to green.

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Net Zero Sustainable Investment Value Creation Divestment 80

Chris Hall

MAY 10, 2024

Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. An example was the Church of England Pensions Board’s announcement in June 2023 that it planned to divest from oil and gas companies. Divestment has been a recurring theme across Crossman’s two-decade career.

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Stewardship Code Divestment Net Zero Development 85

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

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. From 2023 onwards, members are also being asked to set decarbonisation targets on new commercial real estate loans, reporting on progress from 2024.

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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

Chris Hall

MAY 31, 2024

Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

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Divestment Net Zero Climate Change COP26 81

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

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Divestment Paris Agreement Climate Change Net Zero 59

Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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Divestment Paris Agreement UNEP Net Zero 52

Chris Hall

MARCH 31, 2023

But by the end of 2023, the climate issue will loom again for investor CEOs and CIOs, pushing up on board agendas previously crammed with Covid-19, Ukraine and macro-economic debates. This will take time and now time has run out for the new clean lobbying to have the necessary impact to save global net zero without an overshoot past 1.5 ° C.

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Net Zero Divestment Supply Chains Supply Chain 52

Chris Hall

OCTOBER 10, 2024

Both were speaking at a panel session on putting net zero commitments into practice on the second day of the event, hosted by the UN-convened Principles for Responsible Investment (PRI) this week in Toronto, Canada. of CDPQ’s total C$452 billion (US$329.7 billion) in AUM.

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Net Zero Sustainable Investment Divestment Global Economy 64

Chris Hall

MAY 19, 2022

ShareAction has subsequently outlined its recommendations for investor reporting guidance, which it says should be implemented during the initiative’s next five-year cycle, commencing 2023. . Companies falling short of these red lines will be subject to either divestment or the asset manager voting against company directors. .

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Net Zero Climate Change Paris Agreement Divestment 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. Meanwhile, the Kyiv School of Economics calculated that global corporations contributed US$3.5 Wind in their sails?

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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. Did escalating engagement by targeting directors move the dial?

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Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

APRIL 14, 2023

trillion in AuM that have committed to transitioning their investment to achieve net zero portfolio GHG emissions by 2050 and drawing on the Net Zero Investment Framework to deliver on that commitment.

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

MAY 25, 2023

Mining major Glencore’s shareholders are demanding answers over its coal strategy and its Paris-alignment at its 2023 annual general meeting (AGM), held 26 May. Rising investor demands for detail on transition planning and coal phase-out from mining firm come amid attempts to acquire Canadian rival. At the meeting, the US$64.8

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Net Zero Paris Agreement Divestment Digitalization 52

Chris Hall

AUGUST 23, 2023

It will help investors get up to speed on the least-understood risk in the economy. “This strategy is designed for the real, system-wide adjustments that will make sure we’re not divesting, we’re investing in a climate resilient economy.” Further, only 9% have implemented a response to their physical risk exposure. “It

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Stranded Assets Net Zero Climate Change Divestment 52

James Militzer

MARCH 2, 2023

As we move further into 2023, it can take a lot of energy to think about energy. And even if the leading countries that currently have net zero commitments do manage to achieve their goals, a 1.7°C The world has a daunting task in front of us if we hope to limit global warming to the 1.5°C

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Supply Chains Supply Chain Climate Change Development 98

Chris Hall

JULY 6, 2022

It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a net zero transition plan, which will ultimately help to decarbonise the global economy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .

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Net Zero Stewardship Code Paris Agreement Climate Change 52

Chris Hall

JUNE 23, 2023

CA100+ centres if attention on companies that are key to driving the global net zero transition, with its focus list comprised of 171 companies, with a total market capitalisation of US$10.3 Net Zero Company Benchmark 2.0 A core component of phase two of CA100+ is the evolution of its Net Zero Company Benchmark.

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Net Zero Paris Agreement Climate Change Divestment 52

Chris Hall

APRIL 21, 2023

Averting this cataclysm requires the reduction of global anthropogenic greenhouse (GHG) emissions to net zero by 2050. Balancing act The road to net zero is inextricably linked to the phasing out of fossil fuels. Climate-related shareholder proposals are set to dominate the 2023 proxy season across jurisdictions.

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Net Zero Chief Sustainability Officer Development Climate Change 52

Chris Hall

JUNE 29, 2023

Asset owners must use all available levers to phase out fossil fuels, while also rapidly increasing investment in climate solutions to achieve net zero ambitions, according to Laura Hillis, Director, Climate & Environment, Church of England Pensions Board (CoEPB).

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Net Zero Climate Change Development Green Investing 52

Chris Hall

AUGUST 8, 2024

Divest or wind down? In 2023, the coal division contributed over CA$5 billion (US$3.64 By 2035, it has committed to halve its Scope 1, 2, and 3 emissions from a 2019 baseline, with goals to hit net zero by 2050. The company said it would continue the “responsible decline of its thermal coal operations over time”.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

SEPTEMBER 18, 2023

Research will span the introduction of the Paris Agreement in 2016 to the conclusion of the 2023 proxy season, with the aim of comparing the voting patterns of asset owners and managers. The UK’s Financial Conduct Authority’s consultation from the Vote Reporting Group closes on 21 September 2023.

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Paris Agreement Climate Change Divestment Net Zero 59

Chris Hall

MAY 9, 2023

DP23/1, released in February, focused on the capabilities needed by FCA-regulated firms to support both economy-wide transition to net zero and sustainable business models more broadly. We want to continue to engage actively on these topics.” The post Stewardship Dialogue Must be Ongoing – FCA appeared first on ESG Investor.

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Stewardship Code Net Zero Sustainable Investment Divestment 52

3BL Media

AUGUST 3, 2022

We also reiterate our multi-year earnings per share CAGR of 5% to 7% from the mid-point of 2022 guidance to 2025, in large part driven by continued growth in the utility's investment programs, including obtaining a return of and on capital investments that will be recovered specifically through the next base rate case to be filed by year-end 2023.".

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Chris Hall

APRIL 12, 2024

sounds out of tune and the latest Morningstar review of sustainable strategies, which showed that funds globally suffered net quarterly outflows for the first time on record in the fourth quarter of 2023, could be the canary in the coal mine if we don’t advance. The result is that ESG 1.0 will be ownership.

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Climate Change Analytics Net Zero Divestment 69

Chris Hall

MAY 17, 2023

For asset owners which assign responsibility to external managers, the PRI and TAI’s work will “hopefully give asset owners a way to compare different investment managers’ resources and practices”, said McNamee.

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Stewardship Code Net Zero Paris Agreement Divestment 52

Chris Hall

APRIL 12, 2023

The importance of water-related risks was underlined last month with the commitments to a more ambitious Water Action Agenda signed last month at the UN’s first dedicated water summit in 50 years, part of a focus throughout 2023 on getting the UN Sustainable Development Goals back on track.

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Supply Chains Supply Chain Divestment CDP 52