Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. Eight years since the Paris Agreement was adopted, the energy transition remains “stuck”, according to Spaargaren.

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Divestment Paris Agreement Climate Change Net Zero 59

3BL Media

SEPTEMBER 29, 2023

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.

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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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Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

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

JUNE 13, 2024

His resignation was even more impactful given he is the author of the government-commissioned review, ‘ Mission Zero – Independent review of net zero’ , published in January 2023 and looking at how the UK could deliver on its climate targets in a manner is more affordable, and pro-business.

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Net Zero Divestment Supply Chain Supply Chains 89

Chris Hall

APRIL 14, 2023

The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

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Net Zero Paris Agreement Divestment Global Economy 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. CA100+ has also issued a list of proxy votes it will be concentrating on in the 2023 season at focus firms. are due to be released in the September-October timeframe.

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Net Zero Paris Agreement Divestment 52

Chris Hall

AUGUST 8, 2024

Divest or wind down? In 2023, the coal division contributed over CA$5 billion (US$3.64 With the expansion of the coal portfolio comes an opportunity for Glencore to provide investors with a credible plan to responsibly wind down its coal assets in line with the Paris Agreement.”

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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.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

JUNE 23, 2023

n December 2015, the world took a vital step in tackling climate change by adopting the Paris Agreement. In 2023, the UK Transition Plan Taskforce aims to finalise its disclosure framework and implementation guidance and will develop sectoral pathways. C pathway by the end of 2023.

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Net Zero Paris Agreement 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. C threshold (above pre-industrial levels) stipulated in the Paris Agreement. These case studies are available for purchase at 50% off their regular price through March 31, 2023 , using the discount code ENERGETIC.

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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

FEBRUARY 14, 2023

Buffeted by critics on both sides, finance sector alliances may need to refresh their tactics to progress toward net zero goals in 2023. The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the Paris Agreement.”

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Net Zero Paris Agreement Climate Change Banking 52

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.

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Sustainable Investment Greenwashing Climate Change Paris Agreement 52

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 6, 2022

The DWP will assess whether further guidance is needed in H2 2023. . It emphasised the importance of trustees raising their climate stewardship ambitions by using Paris-alignment metrics to inform their engagement efforts to ensure they are truly contributing to the goals of the Paris Agreement. .

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Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.

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Supply Chain Supply Chains Divestment CDP 52

Chris Hall

MAY 17, 2023

Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the Paris Agreement. Car manufacturer Toyota is facing (..)

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Corporate Knights

JULY 11, 2023

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals. The respected investor is now divesting from all fossil fuels by the end of 2023 and will no longer try to engage with oil and gas.

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Chris Hall

MAY 16, 2024

Ninety-one of them were recorded in 2023 alone. “The world’s most vulnerable populations face the greatest risk from climate breakdown, but also the greatest risks from companies extracting transition minerals,” Caroline Avan, Head of Natural Resources and Just Transition at the BHRRC, told ESG Investor.

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Richard Matthews

SEPTEMBER 20, 2021

University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.

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Chris Hall

APRIL 2, 2025

Investors have doubled down on avoiding divestment from oil and gas companies to ensure they follow through on climate commitments, despite firms becoming tougher to engage with. The investor said that this divestment, seen as a last resort, was due to the rolling back of Equinors climate transition efforts.

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Divestment Paris Agreement 69

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

Richard Matthews

JANUARY 4, 2022

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. Under the Paris Agreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. In a first-of-its-kind lawsuit in the U.S.,

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