ESG Today

MARCH 4, 2025

International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.

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Chris Hall

OCTOBER 18, 2024

Remodelling sustainable finance Given the obsolescence of some of the attributions created throough the Bretton Woods Agreement in 1944, the IMF and the World Bank have been under increased pressure to reform their structures in recent years. This very much aligns with the push to ensure that this remains a country-driven discussion.”

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Chris Hall

OCTOBER 10, 2024

Lenders are urged to end fossil fuel expansion and convert targets into “meaningful commitments” as US banks fall behind international peers. Action by banks to reach net zero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition.

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Chris Hall

FEBRUARY 5, 2024

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

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3BL Media

DECEMBER 4, 2023

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015), where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into landmark developments and prospects this year. I've been participating since COP 21 when the adoption of the Paris Agreement took place.

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Paris Agreement Net Zero Development Climate Change 147

Chris Hall

FEBRUARY 28, 2025

increase in like-for-like sales in its 2024 annual results , and a recurring operating margin of 13.0%. The UKs finance sector appears to see things differently, with its banks taking their lead from their American counterparts, while its institutional investors are increasingly turning their eyes to Europe.

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ESG Today

JANUARY 17, 2024

As many governments and central banks grapple with inflation, supply chain bottlenecks and conflicts, a constant risk persists that immediate attention is placed on that which ‘seems’ most urgent, to the detriment of the important, and that ESG may slip off the radar. My view is 2024 will be a critical year.

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Chris Hall

MARCH 27, 2024

C scenario.” It was hoped that Shell’s 2024 energy transition strategy , published this month, would demonstrate sufficient climate ambition and move the needle. In addition, NGO Global Witness filed a case against Shell in the US, alleging that the firm had misled investors by overstating its investments in renewable energy.

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Chris Hall

SEPTEMBER 19, 2024

The Science Based Targets initiative ’s (SBTi) much-anticipated Financial Institutions Net Zero (FINZ) standard is expected to place banks under more pressure to increase their climate-related transparency and ambition. Process metrics weigh controllable actions that an organisation can undertake achieve an outcome.

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Chris Hall

JANUARY 28, 2022

Once approved by the European Commission, banks will have to start making climate disclosures in 2023, with full phase-in by June 2024. The European Banking Authority (EBA) has published its final standards for how European banks will have to disclose their contribution to the region’s climate targets.

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Chris Hall

AUGUST 2, 2024

The post ESG Takes Centre-stage in 2024 Proxy Season appeared first on ESG Investor. Likewise, ahead of the next proxy season, asset owners have the opportunity now to engage with their managers and underscore their expectations.”

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Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” Those guidelines are due to be released in 2024. We are bending the curve on Canada’s fight on pollution.”

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Chris Hall

JULY 28, 2023

C , although he acknowledges that achieving this goal is now more challenging than when the Paris Agreement was first agreed. Given the length of these procedures, says Turnbull, it will take some time, and, therefore, could theoretically get through the House by the spring of 2024.

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3BL Media

DECEMBER 6, 2023

Nasdaq is proud to have won the 2024 RiskTech100 awards for its Market, Anti-Financial Crime, and Capital Access Platforms. More than 170 banks, brokers, and over 50 exchanges and regulators rely on them to detect market abuse across multiple regions and asset types. Overall, Nasdaq’s solutions ranked #18 for the second year in a row.

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Chris Hall

OCTOBER 18, 2024

Remodelling sustainable finance Given the obsolescence of some of the attributions created throough the Bretton Woods Agreement in 1944, the IMF and the World Bank have been under increased pressure to reform their structures in recent years. This very much aligns with the push to ensure that this remains a country-driven discussion.”

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3BL Media

NOVEMBER 17, 2022

The appointment is effective from April 2023 and the term will run until December 2024. The vital role that sustainable battery value chains play in meeting the Paris Agreement targets linked to the electrification of transport and power sectors was highlighted during multiple high-level conversations at COP27.

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Chris Hall

JULY 5, 2023

Investors may be overlooking the issue of climate-related lobbying by banks in the face of increasing evidence of a lack of consistency between their climate commitments and their positions on legislative and regulatory issues. Schroders voted in favour of the first banking shareholder climate lobbying proposal at Wells Fargo this year.

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Chris Hall

MARCH 15, 2024

Alliance extends net zero targets to capital markets activities, as frameworks provide more tailored approach for banks’ transition strategies. The second of the four guidelines requires banks to establish an emissions baseline and annually measure and report the emissions profile of loans and investments. billion from Barclays.

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Chris Hall

DECEMBER 14, 2023

The CAD Trust was created last year by the World Bank, The International Emissions Trading Association (IETA), and the government of Singapore. It is a decentralised metadata platform that links, aggregates and harmonises all major carbon registry data to enhance transparent accounting in line with Article 6 of the Paris Agreement.

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3BL Media

JANUARY 11, 2024

The fund will be hosted in the World Bank and pledges of around $730million has been secured in Dubai. Global Stocktake COP28 witnessed the first-ever “global stocktake” under the Paris Agreement, and for the first time in a COP history there was a decision that explicitly calls for “transitioning away from fossil fuels”.

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Chris Hall

JULY 9, 2024

In 2022, banks provided an estimated US$673 billion of that funding. c) of the Paris Agreement and take measures to ensure that financial flows are in line with it, instead of pitted against it,” said Ganswindt. “2024 needs to become the turning point: the year where central banks and regulators finally act on Article 2.1(c)

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Chris Hall

OCTOBER 3, 2024

In February, the scheme committed to further develop and embed climate and ESG risk management, include a commitment to vote in favour of shareholder resolutions aligned with the objectives of the Paris Agreement.

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Chris Hall

DECEMBER 15, 2023

Cost of climate action – Away from COP28, this week also saw the European Central Bank and the Bank of England keep interest rates at existing levels. Special treatment – In Brussels, agreement was reached more rapidly than expected on the Corporate Sustainability Due Diligence Directive, given its long and troubled history.

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3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 trillion USD in fossil fuels.

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Chris Hall

MARCH 16, 2022

The resolution will help to forge an international legally binding agreement by the end of 2024. Launched in 2018, they act as a global guiding framework for banks, insurers and investors. We can learn from the Paris Agreement process and move fast on ocean plastics.

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Chris Hall

AUGUST 22, 2024

The RI and stewardship report covers the first full year of Border to Coast’s direct engagement with companies on climate, showcasing its votes on 13,406 resolutions at 1,052 meetings in the year to March 2024, as well as detailing its strengthened voting policy.

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Chris Hall

JANUARY 3, 2024

The limits of fiduciary duty and corporate engagement could see institutional investors embrace systemic stewardship in 2024 to meet 1.5°C-aligned All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. C-aligned objectives.

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Chris Hall

MARCH 16, 2022

EU supervisors, including the European Central Bank and European Securities and Markets Authority , supported this simplified mandatory standard for SMEs. . The delay means that all in-scope companies will be required to disclose in line with the new rules as of 2024, publishing their reports in 2025. . Silver lining .

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Chris Hall

OCTOBER 20, 2023

Established under Article 14 of the Paris Agreement , the Global Stocktake is designed “to assess the collective progress towards achieving the purpose of [the Paris] Agreement and its long-term goals. What is the purpose of the Global Stocktake? But the Global Stocktake is meant to go far beyond an assessment.

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Sustainable Development Network

MAY 16, 2023

Financing gaps of $1-4 trillion per year (1-4% of world output) block the achievement of the SDGs, Paris Agreement, Kunming-Montreal Biodiversity Framework, and other global goals in the developing world. The EU should lead SDG/Green Deal Diplomacy at the 2023 SDG Summit, COP28 and 2024 Summit of the Future.

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Chris Hall

DECEMBER 1, 2023

The second iteration of the NZIF is slated for mid-2024. The post A Consistent Message appeared first on ESG Investor.

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Chris Hall

MAY 23, 2024

Institutional investors have expressed concern over oil and gas firms’ lack of resolve to reduce environmentally harmful activities following shareholder vote results from Shell’s 2024 AGM this week. Shareholders also voted on the oil and gas major’s updated 2024 energy transition strategy , with 22% voting against – up from 20% last year.

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Paris Agreement Climate Change Banking Development 59

Chris Hall

JUNE 16, 2023

European lawmakers hail 2024 as the year of sustainable and resilient food systems, but financial markets hold the key to unlocking this future, says Peter Elwin, Director of Fixed Income and Head of Food and Land Use at Planet Tracker. This will change.

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Chris Hall

DECEMBER 20, 2023

Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the Paris Agreement. The official verdict was clear. C of climate change by 2100.

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Chris Hall

SEPTEMBER 20, 2023

Other proposed reforms which Sierra Club welcomes is that SBTi has shifted its yardstick for “science-based” away from its prior 2 ° C pathway to a 1.5 ° C pathway, in accord with the ambition of the Paris Agreement. Waxman adds that another omission is minimum thresholds for portfolio coverage and strict targets in this regard.

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Chris Hall

OCTOBER 14, 2022

Yet due to pushback by developed nations such as the United States and European Union, countries instead agreed to establish the Glasgow Dialogue on Loss and Damage, dedicated to discussing possible funding arrangements and set to run through 2024. Established under Article 7.1 Advance the Global Stocktake to set the pace for climate action.

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Chris Hall

MAY 23, 2024

Institutional investors have expressed concern over oil and gas firms’ lack of resolve to reduce environmentally harmful activities following shareholder vote results from Shell’s 2024 AGM this week. Shareholders also voted on the oil and gas major’s updated 2024 energy transition strategy , with 22% voting against – up from 20% last year.

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