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Transition Challenge for Britain’s Biggest LGPS

Chris Hall

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. In May, the LGPS has launched a second £1.2 billion in 2022.

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Investors Demand Comprehensive Plans at COP29

Chris Hall

A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zero economy”. NDCs are expected to play a central role at this year’s COP.

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“Insufficient” Action from Banks to Meet Climate Targets

Chris Hall

Not moving fast enough” According to the TPI Centre’s report, banks lack alignment with the Paris Agreement, with just 19% of their sectoral pathways being aligned with temperature goals of 1.5°C It also deemed the performance of the two US custodian banks – BNY Mellon and State Street Corporation – to be “very weak”.

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Beware the Green Swan

Chris Hall

Almost seven years since the Paris Agreement was signed at COP21, any number of initiatives have been launched with the aim of reducing greenhouse gas (GHG) emissions and limiting global warming to 1.5°C. As these perilous climate projections unfold, one might expect an inevitable upheaval in the global economy.

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G7 leaders must show leadership in the race to competitive clean economies

We Mean Business Coalition

By stepping up their climate ambitions and backing them with concrete commitments, the G7 can catalyse a surge in global investment and reinvigorate their economies. G7 countries make up approximately 38 per cent of the global economy and were responsible for 21 per cent of total greenhouse gas emissions in 2021.

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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. waters by 2025 as it works to make domestic shipping net-zero by mid-century.

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Investors Set Six Tests for Mining Transition

Chris Hall

Released on the eve of last week’s PRI in Person conference, a report from the collaborative investor-led initiative outlined six foundational priorities for investors targeting an environmentally and socially responsible mining sector that can simultaneously meet global demand for minerals and the goals of the Paris Agreement.