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Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and netzero for operations by 2030. SAN FRANCISCO, June 22, 2022 /3BL Media/ - Prologis (NYSE: PLD), the global leader in logistics real estate, today announced its commitment to achieve netzero emissions across its value chain by 2040.
Billion SustainableInvesting Mandate from SJP NetZero Investor Coalition Hits Pause After BlackRock Exit Exec Moves Mars Appoints Alastair Child as New Chief Sustainability Officer Barclays Head of Sustainability Steps Down Sodali Appoints Andrew Benett as New CEO
The university will allocate 10% of its $4-billion endowment to sustainableinvestments by 2025 (the “invest” side of DivestInvest). s Net-Zero Asset Owner Alliance, a global group committed to setting increasingly stringent emission targets on the road to net-zero.
Robeco said that its new engagement theme targeting the transition metals supply chain comes as the focus of climate change initiatives increasingly moves towards the achievement of netzero emissions, setting transition as a principle topic.
The BCGEU resolution, which will be heard at Brookfield’s annual meeting June 10, calls on the massive conglomerate to require two of its affiliated companies with large private equity holdings to set and disclose CO2-emission reduction targets for 2025. More RBC scrutiny. Canadian oil.
Multi-stakeholder dialogue seen as essential in unlocking capital for netzero solutions, as GSIA calls for development of national transition plans. Examples include reducing inefficient fossil fuel subsidies and driving investment to new low-carbon technologies, such as green hydrogen. C temperature pathway.
Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European SustainableInvestment Forum, Europes umbrella network for sustainable finance, in a press release.
Ontario Teachers’ Pension Plan Board (OTPP), one of Canada’s largest investors, with over $240 billion in assets under management, announced today the appointment of Anna Murray as Senior Managing Director and Global Head of SustainableInvesting.
Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion, versus just 7% of $2.1 79000 0.14
JetBlue’s most aggressive near-term emissions reduction target to-date, this science-based target aligns with the goals of the Paris Agreement and the growing airline’s own goal to reach netzero carbon emissions by 2040 – 10 years ahead of broader airline industry targets. Charting a path to netzero. Reducing Fuel Burn.
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 sustainableinvestment and lending practices.
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climate change, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
Signals of change in the netzero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. The He Dreiht farm, one of the biggest planned in Europe, is expected to be operational by the end of 2025 and will generate electricity for 1.1 million households.
New nature legislation and updated modern slavery act are also key priorities ahead of 2025 federal elections. This has included legislating a 2050 netzero target and setting a legally-binding target to reduce emissions by 43% by 2030 below 2005 levels. billion (US$143.3 The plan, which has taken A$27.4
Global financial services provider Allianz, a leading member of the UN-convened NetZero Asset Owner Alliance (NZAOA), has published a climate transition plan spanning both its investment and insurance arms in a bid to shape the market and increase transparency on its netzero pathway.
This week in ESG news: Australia passes mandatory climate reporting law; Google signs carbon removal deal at landmark $100/ton price; Bain survey finds CEOs losing focus on sustainability as it becomes more important to consumers and corporate buyers; SEC fines Keurig over coffee pod recycling claims; Oracle launches sustainability data and reporting (..)
In a statement following the vote in the Senate, Australia Treasurer Jim Chalmers said: “These critical reforms provide investors and companies the clarity and certainty they need to support the netzero transformation and further strengthen Australia’s reputation as an attractive destination for international capital.”
As it stands, without those requirements in place, financial advisers have little incentive to offer sustainableinvestment options and strategies to their clients. For advisers who want to broach sustainableinvesting with clients, Saghir suggests starting by asking about philanthropy and the charities they support.
This week in ESG news: Microsoft signs record-breaking carbon removal deal; EY survey finds over half of CEOs say sustainability a higher priority vs one year ago; BCG sustainable aviation deal to cut 100,000 tons of emissions; ERM launches carbon credit consulting business; KKR & HASI launch $2 billion sustainable infrastructure investment partnership; (..)
Natron's cutting-edge sodium-ion batteries presented an ideal opportunity to both potentially expand our sustainabilityinvestment portfolio to our ground operations, and to help make our airport operations more resilient. Learn more about their sustainabilityinvestments here: [link].
Million to Improve Home Energy Efficiency SustainableInvesting Invesco Launches New Climate ETF with Record-Breaking $2.4 Million to Improve Home Energy Efficiency SustainableInvesting Invesco Launches New Climate ETF with Record-Breaking $2.4
The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to netzero, and to help plant 2 million trees.
The Canada Pension Plan Investment Board (CPP Investments) will pursue carbon neutrality by 2050 via a strategy of active engagement to drive real-economy decarbonisation, according to Deb Orida, Chief Sustainability Officer and Head of Real Assets. Whole economy transition. It’s something we will continue to look at.
BNP Paribas Asset Management (BNPP AM) unveiled its 2025 strategic ambitions today, focused primarily on extending its sustainableinvesting capabilities and offerings, with the goal to become “the sustainable asset manager of reference in Europe.”.
By: Priyanka Bawa , Senior Analyst in the Verdantix ESG & Sustainability practice Despite more netzero targets being set than ever before, and more science-based targets being used to back them, 2022 research from South Pole shows that one in four businesses do not intend to talk about their science-aligned climate targets.
Companies can start today by adopting SAP Sustainability Control Tower – integrated with SAP S/4HANA Cloud – for ESG data management and reporting. CSRD requirements will first impact large public-interest companies with over 500 employees that need to report in 2025 on 2024 ESG performance.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
Spanish electric vehicle charging company Zunder announced today a €100 million investment from sustainableinvestment manager Mirova, aimed at expanding the startup’s ultra-fast EV charging station network across Southern Europe. The investment follows Mirova’s announcement in September that it had raised €1.6
In her new role, Ho will lead the firm’s stewardship activities in Asia Pacific, including researching key corporate governance issues, undertaking direct and collaborative engagement on sustainable themes and working with policymakers on issues relating to sustainable finance.
The UK government announced plans to invest £960 million (USD$1.2 billion) in green industries aimed at accelerating manufacturing in key netzero sectors, in addition to a new series of significant reforms designed to rapidly boost the capacity of its electricity grid to address energy transition needs over the coming decades.
Other indicators are still under consideration by ASCOR, including the question of whether a country’s netzero target is enshrined in national climate law. Divided opinions and progress amongst global members is limiting ambition on sovereign debt.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. Zero or near-zero GHG emission technologies, fuels and/or energy sources must represent at least 5% (striving for 10%) of the energy used by international shipping by 2030, the IMO has pledged.
At 28, Kurtis Layden, senior policy advisor in the Office of the Minister of Environment and Climate Change, has been a key advisor on the federal ban on some single-use plastics, taking effect in 2025. Once the ban takes effect in 2025, it could eliminate an estimated 1.3 He also advises public banks on greening their investments.
These are essential for building wind turbines, EVs, advanced semiconductors, and virtually all other clean technologies, which countries need to transition their economies away from fossil fuels to netzero emissions by 2050. Slated to start production in late 2025 , the sprawling facility is set to be the first-of-its-kind in Canada.
Policies, regulations and wider laws are among the many elements that set the path and guide them on their journey to netzero. When asked to identify barriers to climate solutions-focused investments in Australia, 40% cited policy and regulatory uncertainty – a decrease from 70% the previous year. trillion) in assets.
Difficulties in definition continue to thwart efforts to demonstrate the financial benefits of sustainableinvestments. Sustainable fund flows attracted US$37 billion of net new money in Q4 2022, with global sustainable fund assets reaching a total of US$2.5 trillion by 2026, up from US$18.4
The solution has a strong ESG tilt, with the aim of investing in companies that nurture well-managed ESG profiles and/or contribute to solutions relating to global ESG challenges. member companies commit to set methane emissions targets in line with a 45% reduction by 2025 and 60-75% by 2030. trillion (US$4.1 trillion) in AUM.
It comes as investor focus on deforestation, to achieve netzero targets, steps up. It found that of 700 financial institutions with high profile climate and netzero commitments only 21% recognise deforestation as a business risk.
Tim Day, Investment Fund Manager at Trina Solar, explains the importance of Europe’s sustainableinvestment community in the growth of solar power. In the coming years, the EU’s Solar Strategy foresees 320 gigawatts (GW) by 2025 and 600GW by 2030 alone.
The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with netzero. Bolli was co-lead author of the protocol report, alongside Udo Riese, Global Head of SustainableInvesting at Allianz Investment Management.
Learning curve To feel confident in investing in SMRs, investors now need to see cost reductions based on a learning curve, such as has been the case with the likes of wind and solar.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including RLAM, LOIM, Synthesis, Putnam, Victory Hill, and DWS. . Royal London Asset Management (RLAM) has this week announced the launch of its Sustainable Growth Fund.
While Asia ’s energy companies are responding positively to climate-related engagements from investors as they demonstrate progress on netzero, decommissioning their most polluting plants remains a steep challenge.
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