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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3BL Media

SEPTEMBER 29, 2023

South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. They can also divest from high-emitting industries such as thermal coal production. When developing an investment decarbonisation approach aligned with +1.5°C

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Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. According to the report, it has the fourth most credible net zero targets of the 25 firms.

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ESG Today

FEBRUARY 12, 2024

In a blog post announcing the divestments, PFZW described the remaining companies as “fully committed to the transition from fossil energy to renewable energy or are currently already producing mainly energy with a low carbon footprint.” Overall, PFZW exited its investments in 310 companies, selling €2.8 billion of securities.

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Corporate Knights

JANUARY 26, 2023

We will know that the rest of the US$130-trillion GFANZ (Glasgow Financial Alliance for Net Zero) coalition is serious when they follow suit. 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.

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Chris Hall

JANUARY 3, 2024

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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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. These can boost investment not only in defence, but also other critical objectives including the net zero transition.

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3BL Media

SEPTEMBER 28, 2022

It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. As climate data becomes more democratized, it will provide a better understanding of which ESG initiatives aid progress toward a net-zero world. trillion, even more investment is needed.

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ESG Today

AUGUST 28, 2022

KLA Commits to Cut Emissions in Half by 2030, Reach Net Zero by 2050. HH Global Ramps 2040 Net Zero Goal to 90% Emissions Reduction. Firmenich Commits to Net Zero Emissions by 2039, Climate Targets Approved by SBTi. Government & Regulators.

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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. Blanket divestment is not the best way to maximise returns without undue risk of loss. Whole economy transition.

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Chris Hall

OCTOBER 22, 2024

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

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Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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ESG Today

MARCH 18, 2024

TotalEnergies has set a climate goal to achieve net zero emissions by 2050, and the company said that its focus is first to avoid emissions, and then to reduce them asset by asset, implementing the best available technologies, and to develop industrial projects for carbon storage to address residual emissions.

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Chris Hall

MAY 25, 2023

The large UK asset owner releases its first net zero transition plan, warning longer-term goals will be difficult without robust policy support.

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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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Chris Hall

SEPTEMBER 21, 2022

“Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . The fund will be engaging with all portfolio companies and asking for science-based short-term, medium-term and 2050 net zero targets.

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Chris Hall

JUNE 13, 2024

Chris Skidmore, former MP and author of the net zero review, talks about what the next UK government should do to get the country’s net zero 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 net zero strategy.

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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. As global leaders in clean energy development, Brookfield and Masdar will continue to be important players to accelerate the journey towards a net-zero economy.”

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Chris Hall

AUGUST 22, 2022

reduction in UPP’s portfolio carbon footprint by 2025 and 60% by 2030 compared to a 2021 baseline. . For existing investments, UPP is prioritising active engagement over divestment, partly due to the complexity of the challenges facing firms in different sectors. . Multi-pronged climate engagement .

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Chris Hall

FEBRUARY 4, 2022

McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in net zero plans. 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.

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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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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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Chris Hall

APRIL 21, 2022

The Institutional Investors Group on Climate Change (IIGCC) has launched a new toolkit to help asset owners and managers enhance their stewardship practices when engaging with companies on their progress transitioning to net zero greenhouse gas (GHG) emissions. . Engagement over divestment .

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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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Chris Hall

FEBRUARY 9, 2024

The Net Zero Industry Act (NZIA) , designed to accelerate investment in the clean energy transition, included proven renewable technologies like wind and solar, but also other innovations that have yet to deliver at scale, such as carbon capture and storage (CC S).

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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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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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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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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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Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. Allia nce says t arget-setting by members translating into measurable impact on emissions reduction for the first time.

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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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Chris Hall

JANUARY 31, 2023

Members must further give “due consideration” to societal impacts when aligning their portfolios with net zero, including looking into how the benefits of the low-carbon transition can be widely shared, the protocol said.

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Chris Hall

MARCH 31, 2023

Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.

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Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Climate-focused investors welcomed the change from the coal-wielding Scott Morrison, calling for an “investment grade 2030 emissions target”, and accompanying policy changes, including a National Transition Authority.

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Chris Hall

FEBRUARY 14, 2023

Buffeted by critics on both sides, finance sector alliances may need to refresh their tactics to progress toward net zero goals in 2023. This time last year BP was in receipt of numerous plaudits for accelerating its net zero transition plans.

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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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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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