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UK Launches Department for Energy Security and Net Zero

ESG Today

The UK government launched a new Department for Energy Security and Net Zero today, focused on ensuring near- and long-term energy supply, as well as on keeping the UK on track to meet its climate commitments. Delighted to become the first Secretary of State for the new Department for Energy Security & Net Zero.

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64% of Institutional Investors Say Financial Returns is Top Driver for Sustainable Investing: Schroders

ESG Today

For the report, Schroders Institutional Investor Study 2023, Schroders surveyed 770 institutional investors across 36 regions globally, representing nearly $35 trillion in assets under management. 21% of investors reported having no intention currently to set a net zero goal, including 39% of North America-based investors.

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Net zero transition – the latest signals of change: March 24, 2023

We Mean Business Coalition

Signals of change in the net zero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. In a Reuters op-ed, Ceres CEO Mindy Lubber details why there’s no time for hold-ups in greening the financial sector.

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All Systems go for Net Zero

Chris Hall

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 Progress by Firms and Governments “Still Too Slow”

Chris Hall

Companies that wait to transition until there is a stronger policy response will face higher costs and a shorter window to achieve net zero commitments. Climate policy response by governments and investment in clean technologies must be accelerated to keep temperature rise near 1.5°C,

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LGPS Central Net Zero Plans Undeterred by UK Policy

Chris Hall

LGPS Central has stressed that its new Net Zero Strategy for long-term emissions reductions will not be derailed by the UK government’s recent watering down of climate policy. C. “There would be peaks and troughs both in the emissions charts but also in terms of policy support and political will,” he added.

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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 Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

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