GreenBiz

MARCH 4, 2021

Nordea’s divestment, along with pressure from other institutions, such as Norwegian pension fund KPL, led to a pledge from JBS to use blockchain to monitor its entire supply chain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation.

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Supply Chain Supply Chains Banking Climate Change 545

Corporate Knights

JANUARY 16, 2024

Mikkelsen adds that the firm has pushed to reduce carbon in its own operations, setting a target of 2025 to transition entirely to the use of renewable energy in its shredding and separating operations, as well as longer-term goals, such as becoming carbon neutral by 2030 and achieving net-zero emissions by 2050. Photo courtesy of Sims Ltd.

Net Zero 313

Net Zero Divestment Decarbonize Waste 313

ESG Today

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

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Divestment Net Zero Paris Agreement 141

Corporate Knights

JANUARY 26, 2023

If we went a step further than putting a stop to ripping out our forests and mangroves and started to restore them, we could get almost 40% of the way to our Paris Agreement goals by 2030. degrees is the speed at which we invest, not divest.

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Paris Agreement Banking Divestment Net Zero 339

ESG Today

AUGUST 18, 2024

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements GM Signs its Largest Renewable Energy Deal KLA Sets New 2030 Scope 3 Goal to Reduce Emissions from Use of Products Meta Signs PPAs with RWE to Power Data Centers, Offices from New U.S.

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Divestment Banking Sustainable Investment Decarbonize 123

Chris Hall

MAY 17, 2022

The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). billion in fossil fuel investments that would need to be divested under SB 1173.

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Divestment Net Zero Climate Change 52

Environmental Finance

SEPTEMBER 6, 2022

HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.

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Divestment 45

Chris Hall

MAY 27, 2022

Achieved through marginal changes in portfolio allocations and the opportunistic divestment of just a few stocks, such reductions can be used to present an unjustifiably favourable image of the environmental credentials of a portfolio. The post Divested Interests? We propose instead the use of a broader, forward-looking set of metrics.

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Divestment Net Zero Climate Change 52

Chris Hall

MAY 25, 2023

“Much more challenging” Speaking yesterday at the Net Zero Delivery Summit in London, Wilde said while Phoenix was confident it would meet its 2025 targets, its scenario analyses have shown hitting its 2030 target will be “much more challenging”.

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Net Zero Divestment Chief Sustainability Officer Climate Positive 52

Chris Hall

MARCH 21, 2025

The EC presented its Readiness 2030 white paper, outlining its strategic priorities for rebuilding Europes defence capabilities, and provided more detail on its 800 billion (US$867 billion) ReArm Europe plan. As highlighted at last years Stewardship Summit , investors tread a fine line when engaging with carbon-intensive holdings.

Green Bonds 80

Green Bonds Net Zero Paris Agreement Sustainable Investment 80

ESG Today

AUGUST 28, 2022

KLA Commits to Cut Emissions in Half by 2030, Reach Net Zero by 2050. Texas Places BlackRock, Credit Suisse & UBS on Divestment List for “Boycotting” Fossil Fuel Companies in Anti-ESG Backlash. HH Global Ramps 2040 Net Zero Goal to 90% Emissions Reduction. Government & Regulators.

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Supply Chains Supply Chain Net Zero Divestment 135

ESG Today

DECEMBER 2, 2024

BlackRock’s website also carries a ‘2030 net zero statement,’ which states that “our role is to help them navigate investment risks and opportunities, not to engineer a specific decarbonization outcome in the real economy.”

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Net Zero Divestment Decarbonize 145

ESG Today

MARCH 18, 2024

The company has set a goal to develop CO2 storage capacity of more than 10 Mt per year from 2030, for its own facilities and its customers. TotalEnergies said that it aims to divest the latter 2 projects following the close of the acquisition, as they are farther away from the company’s assets.

Net Zero 117

Net Zero Divestment Decarbonize Shipping 117

Chris Hall

MAY 22, 2024

BP has cut its oil and gas production reduction target from 40% to 25% by 2030, Shell dropped its goal to cut oil production by the same deadline, and TotalEnergies plans to increase both its oil and gas production by 2-3% per year until 2028. C pathway by 2050 would requires as much as 50% by 2030. Last year, Shell invested US$5.6

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Divestment Paris Agreement Stranded Assets Net Zero 89

3BL Media

SEPTEMBER 28, 2022

The 2025-2030 period will be really exciting because the decarbonization of these portfolios will have to accelerate to maintain their alignment to a net-zero scenario,” said Stannard. Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets.

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Net Zero Divestment Decarbonize Paris Agreement 130

3BL Media

MAY 17, 2022

In 2020, Microsoft pledged to become carbon negative by 2030 , remove historic carbon emissions by 2050, and invest $1B in a climate innovation fund. In early 2020, CEMEX committed to reaching net-zero by 2050 and increased their 2030 emissions reduction target from 30% to 35%.

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Net Zero Zero Carbon Climate Change Greenhouse Gas Protocol 130

ESG Today

SEPTEMBER 25, 2024

The deals are in line with Masdar’s plans for growth in Europe, as the company targets global capacity of 100GW, and the production of 1 million tonnes of green hydrogen by 2030. The sale is in line with Brookfield Renewable’s asset rotation strategy to sell off some capital to fund new growth activities.

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Development Net Zero Divestment 108

ESG Today

MARCH 24, 2024

Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5 Renewables Developer Avantus Renovare Raising $7.5 Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5

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Supply Chain Supply Chains Green Bonds Decarbonize 108

ESG Today

JULY 7, 2022

When the wind farm has been fully commissioned, Ørsted will divest the transmission assets to a new owner. Additionally, Hornsea 3 will also contribute to the UK Government’s ambition of having 50 GW of offshore wind in operation by 2030, which was announced earlier this year as part of the British Energy Security Strategy.

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Supply Chains Supply Chain Divestment Development 86

Chris Hall

JUNE 27, 2024

“Over-producing fossil fuels relative to the growth in available renewable capacity is a threat to efficient transition.” Although the oil and gas sector accounts for 15% of global greenhouse gas emissions, scientific evidence suggests demand will peak by 2030.

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Divestment Net Zero Global Economy Sustainable Investment 72

Chris Hall

FEBRUARY 4, 2022

LAPFF focused on changes to executive pay and discussed Persimmon’s commitment to ensure that all new homes are net-zero by 2030. Disputing divestment. We cannot just divest from fossil fuels; we need a fair and just transition to the net zero economy.”. That is why governance is so important.

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Net Zero Divestment Supply Chain Supply Chains 98

Chris Hall

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold? Nest also views climate change as a systemic risk.

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Divestment Paris Agreement Net Zero Climate Change 72

Chris Hall

FEBRUARY 12, 2024

Move follows decision by Dutch pension fund PFZW to divest from nearly all of its fossil fuel holdings. PGGM has announced it would shift its engagement focus from the supply to the demand-side of the energy sector, following a decision from its largest client PFZW to divest from most of its fossil fuel holdings.

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Divestment Paris Agreement 59

Chris Hall

MARCH 27, 2024

Most notably, experts who spoke to ESG Investor welcomed Shell’s pledge to reduce customer emissions – also known as Scope 3 – from the use of its oil products by 15-20% by 2030 compared to 2021 levels. Shell’s Scope 3 emissions amounted to 517 million tonnes of CO2 equivalent last year, down from 569 million in 2021.

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Paris Agreement Climate Change Divestment Banking 133

3BL Media

SEPTEMBER 29, 2023

They can also divest from high-emitting industries such as thermal coal production. Take a strategic approach to decarbonising investments Financial institutions have options when trying to reduce their financed emissions. When developing an investment decarbonisation approach aligned with +1.5°C

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Net Zero Divestment Banking Stranded Assets 113

Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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Divestment Paris Agreement UNEP Net Zero 52

3BL Media

FEBRUARY 28, 2022

From its net-zero by 2030 ambition and the development of science-based targets to its energy efficiency programs to transportation and waste minimization goals, Powering Progress embodies PSEG’s aspirations for today and ensures it will be here to support communities into the future.

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Divestment Net Zero Waste Development 130

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

ESG Today

DECEMBER 7, 2022

Several Vanguard funds were included in a list of funds subject to potential divestment by Texas Comptroller Glenn Hegar, based on criteria that included having a commitment to climate-focused groups such as the Net Zero Banking Alliance or Net Zero Asset Managers Initiative. .”

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Net Zero Divestment Decarbonize Banking 129

Chris Hall

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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Net Zero Divestment Climate Change Green Investing 52

Chris Hall

APRIL 21, 2022

Good stewardship and corporate engagement are vital levers at investors’ disposal to drive the rapid acceleration in decarbonisation required to halve emissions by 2030 and beyond,” Stephanie Pfeifer, CEO of the European investor membership body, told ESG Investor. . Engagement over divestment .

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Net Zero Divestment Development Climate Change 52

3BL Media

JANUARY 11, 2023

In the year to October 2022, more than 85 million tons of carbon capture capacity were announced, leading to a 44% hike in the forecast for installed capacity by 2030. By the end of 2023, the cumulative CCUS capacity expected by 2030 could be almost 420 million tons, a 50% increase. The divestment movement will wane.

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Supply Chain Supply Chains Paris Agreement Divestment 130

Chris Hall

SEPTEMBER 6, 2024

Not the end of the road – Chinese-owned automobile manufacturer Volvo said it would not be able to honour its 2021 pledge to phase-out fossil-fuelled cars beyond 2030. The road to a just transition proved more than a little bumpy this week. It said around 10% of output would be ‘mild hybrids’ – which contain internal combustion engines (ICE).

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Divestment Net Zero Climate Change Banking 80

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

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Greenwashing Stranded Assets Net Zero Banking 80

3BL Media

FEBRUARY 16, 2024

The company is targeting 40 percent renewable electricity use by 2030 and to reduce total energy consumption by 9 percent globally. O-I’s sustainability roadmap has set challenging, but attainable goals for energy efficiency technology advancement, along with the sourcing of renewable electricity and emissions reduction.

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Supply Chain Supply Chains Decarbonize Divestment 147

Chris Hall

MAY 3, 2023

C degree warming pathway.” The research, written by Accela Research, shows that while European energy majors are leading the rest of the industry, it estimates that, on average, company portfolios will remain 82% in oil and gas production, compared to 18% in low-carbon alternatives by 2030. pathway.

Divestment 52

Divestment 52

Chris Hall

JUNE 13, 2024

We’re five years on from signing [the act] into law, and we have five years now to meet our 2030 goal of 68% of emissions reduction,” he said. However, the bigger challenge for the UK government is that it’s not on track beyond 2030.” We need long-term support to move to an alternative [energy source].”

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Net Zero Divestment Supply Chain Supply Chains 89