3BL Media

DECEMBER 9, 2023

This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to net zero by 2050 while assuring long-term financial results for its pensioners.

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

ESG Today

JANUARY 8, 2024

In his letter, however, Skidmore, while acknowledging “a role for oil and gas in the transition to net zero,” notes that the IEA and UNCCC have said that reaching net zero by 2050 and limiting temperature rise to 1.5C

Net Zero 96

Net Zero Stranded Assets Waste 96

ESG Today

MAY 7, 2024

The findings align with those of a 2023 EY survey of senior corporate finance leaders , which found that while sustainability remained as a top investment priority, it was also the most likely area to experience near-term budget cuts in the current inflationary and geopolitically unstable environment in order to meet short-term earnings goals.

Stranded Assets 136

Stranded Assets Decarbonize Net Zero Greenwashing 136

ESG Today

MARCH 14, 2024

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

Net Zero 104

Net Zero Stranded Assets Paris Agreement Climate Change 104

Chris Hall

AUGUST 23, 2023

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. On 7 July, at the 80 th Meeting of the Marine Environment Protection Committee (MEPC 80), IMO member states endorsed the regulator’s ‘ 2023 IMO Strategy on Reduction of GHG Emissions from Ships ’.

Shipping 81

Shipping Net Zero Stranded Assets Development 81

Chris Hall

APRIL 14, 2023

As US and Canadian banking majors begin to publish their 2023 proxy statements, there has been a troubling mischaracterization of climate-related shareholder resolutions, misleading investors into thinking these resolutions are something they’re not. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

Corporate Knights

JULY 25, 2023

The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. Carbon Capture Backed by Carbon Offsets? Given the persistent technical problems still facing CCS, that may not be likely.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

MARCH 31, 2023

Even so, we have developed a pipeline of over ten large nature-based solutions to be financed during 2023, with an overall potential of 40,000 hectares of agroforestry and productive restoration. It’s part of our fiduciary duty to be at the forefront of efforts to scale up and re-allocate capital. Yet the world is changing.

Net Zero 98

Net Zero Supply Chains Supply Chain Stranded Assets 98

Chris Hall

MAY 19, 2023

Yet, despite this uncertainty, decarbonisation is a megatrend; driven by the need to reach net zero by 2050 if the world is to avoid catastrophic climate change. Meanwhile, the EU recently announced the Net Zero Industry Act to rival this plan, and “make Europe the home of cleantech and industrial innovation on the road to net zero”.

Net Zero 52

Net Zero Stranded Assets Development Climate Change 52

Chris Hall

APRIL 21, 2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments. AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

MAY 7, 2024

Mining giant BHP’s bid to acquire Anglo-American would create the world’s biggest shipper of metallurgical coal and a global mega-polluter, exposing shareholders to stranded asset risk as the world moves away from fossil fuels, a think tank has warned.

Stranded Assets 59

Stranded Assets Net Zero Manufacturing Banking 59

Chris Hall

AUGUST 23, 2023

To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on Climate Change (IGCC) has developed its ‘ Road to Resilience ’ strategy. Further, only 9% have implemented a response to their physical risk exposure.

Stranded Assets 52

Stranded Assets Net Zero Climate Change Divestment 52

Envirotec Magazine

MARCH 25, 2024

iv In 2023, the International Maritime Organization (IMO) set a target of achieving net zero emissions by 2050. They have a major role in accelerating towards net-zero emissions shipping. Investing in fuel flexibility is the most financially viable way to avoid the risk of stranded assets, concludes the document.

Shipping 59

Shipping Net Zero Stranded Assets Global Economy 59

Sustainability Matters

MARCH 20, 2023

The IPCC Climate Change 2023: Synthesis Report, compiled by almost 300 scientists across 67 countries, draws together all the contributions from IPCC’s sixth assessment cycle, showing how action on climate change must be accelerated throughout the decade. The AR5 Synthesis Report contains over seven years’ worth of new peer-reviewed science.

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Climate Change Stranded Assets Net Zero EPA 40

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. Stranded assets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

AUGUST 8, 2024

This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. 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.

Stranded Assets 52

Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

SEPTEMBER 29, 2023

According to the International Energy Agency , the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net-zero emissions and avoid the worst impacts of climate change. These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early.

Development 69

Development Net Zero Supply Chains Supply Chain 69

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.

Supply Chains 52

Supply Chains Supply Chain Divestment CDP 52

Chris Hall

MAY 4, 2022

It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .

Net Zero 52

Net Zero Carbon Offsets Paris Agreement Climate Change 52

Chris Hall

NOVEMBER 16, 2022

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . They receive mixed signals from their stakeholders and regulators on the appropriate role carbon credits play in net zero strategies.” .

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Corporate Knights

JANUARY 23, 2025

The same could be said for her, a longtime climate and energy-transition advocate who is deeply invested in several organizations trying to speed up the net-zero economy. I think companies and governments are realizing that actually achieving their net-zero targets is difficult. And there are different ways.

Net Zero 144

Net Zero Stranded Assets Climate Change Paris Agreement 144

We Mean Business Coalition

NOVEMBER 12, 2021

The actions being taken by signatories to WorldGBC’s Net Zero Carbon Buildings Commitment to tackle whole life carbon are critical because they are driving emissions reductions now and in the future. The businesses and organizations signed up to the commitment account for approximately 6.5 ANALYSIS: . ANALYSIS: NEWS: . ANALYSIS: .

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COP26 Net Zero Paris Agreement Development 88