Chris Hall

MAY 22, 2024

Investors should be under no illusion that any major oil and gas companies are currently aligned or on track with the climate goals of the Paris Agreement,” Ben Cushing, Director of the Fossil-Free Campaign at US-based NGO Sierra Club, tells ESG Investor. C pathway by 2050 would requires as much as 50% by 2030.

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

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.

Divestment 59

Divestment Paris Agreement 59

Chris Hall

JANUARY 23, 2024

trillion) in AUM co-filed a climate resolution at Shell, calling for the European oil and gas major to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement. Earlier this month, 27 institutional investors with €4 trillion (US$4.6 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

OCTOBER 22, 2024

Choosing the right method to measure portfolio emissions is crucial to investors’ alignment with the Paris Agreement, and should reflect their strategy. Reasons are manifold but include better risk management, earlier identification of stranded assets, and the realisation that Paris Agreement goals are in jeopardy.

Net Zero 52

Net Zero Paris Agreement Divestment Stranded Assets 52

3BL Media

SEPTEMBER 29, 2023

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 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

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

JUNE 14, 2024

Few would-be leaders are planning their rise to power on the strength of their nationally determined contributions (NDCs) to the Paris Agreement. To assist governments, UN Climate Change launched the NDC 3.0

Paris Agreement 78

Paris Agreement Sustainable Investment Climate Change Divestment 78

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

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].”

Net Zero 89

Net Zero Divestment Supply Chain Supply Chains 89

Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. Some managers might not cover Scope 3 emissions,” he notes.

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

SEPTEMBER 7, 2023

The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement. Earlier this year, BP scaled back its 2030 target from cutting emissions by 40% to 25%. Despite this, Coffin maintained that BP is actually “one of the more relatively progressive of the assessed companies”.

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Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

MAY 27, 2022

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. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

OCTOBER 7, 2022

Immediately and gradually – The IMF’s latest World Economic Outlook calculated that keeping on track to meet the goals of the Paris Agreement by 2030 would cost between 0.15-0.25% Divestment from Russian investments was a complex affair and an incomplete one. 0.25% of GDP growth and an additional 0.1-0.4%

Negative Screening 52

Negative Screening Divestment Supply Chain Supply Chains 52

Chris Hall

APRIL 14, 2023

The new initiative seeks to engage with companies in key sectors that are deemed to be systemically important in reversing nature and biodiversity loss by 2030. The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

Net Zero 52

Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

FEBRUARY 9, 2024

The latitude given by the NZIA to member states to decide which projects get the magic ‘net-zero strategic’ label – thus qualifying for funding and permitting support – caused the World Wide Fund for Nature to describe the act as “hocus-pocus” that could undermine Europe’s 2030 targets.

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Net Zero Paris Agreement Green Investing Climate Change 78

Chris Hall

MARCH 17, 2023

The last act of the IPCC’s Sixth Assessment Cycle, which started in 2015, the summary will outline our progress, or otherwise, in fulfilling the obligations of the Paris Agreement. In Westminster, we got slightly more than the green lights for nuclear and CCUS , as mentioned by Chancellor Jeremy Hunt in the House of Commons.

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Net Zero Paris Agreement Divestment Climate Scientist 52

Chris Hall

NOVEMBER 30, 2023

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month. The second phase will run until 2030, targeting a global increase in active ownership and the creation of long-term shareholder value.

Net Zero 59

Net Zero Climate Change Paris Agreement Sustainable Investment 59

Chris Hall

MARCH 25, 2022

degree Celsius increase in global temperatures, which is aligned with the Paris Agreement, and a 2 degree increase which is considered more likely based on recent reports from the Intergovernmental Panel on Climate Change. A sellers’ market.

Paris Agreement 52

Paris Agreement Climate Change Net Zero Supply Chain 52

Chris Hall

AUGUST 8, 2024

Divest or wind down? Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. The company said it would continue the “responsible decline of its thermal coal operations over time”.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

MARCH 31, 2023

The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment. While at a corporate level firms might be decreasing their emissions, real economy emissions will increase as the assets continue to be run by a different party.

Net Zero 52

Net Zero Paris Agreement Divestment 52

Chris Hall

JUNE 23, 2023

n December 2015, the world took a vital step in tackling climate change by adopting the Paris Agreement. Progress and limitations For some focus list companies, the failure to heed engagement efforts by investors to make good on their net zero commitments leaves them open to the threat of divestment. Benchmark 2.0

Net Zero 52

Net Zero Paris Agreement Climate Change Divestment 52

Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero. Bolli was co-lead author of the protocol report, alongside Udo Riese, Global Head of Sustainable Investing at Allianz Investment Management.

Net Zero 52

Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

MAY 25, 2023

C pathway.” Despite ‘dark green’ investors divesting from Glencore, Narr remains encouraged by 24% of shareholders voting against Glencore’s climate plan at last year’s AGM which showed there was a “sizable minority that were not super happy with the climate report”.

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Net Zero Paris Agreement Divestment Digitalization 52

Chris Hall

FEBRUARY 14, 2023

Among those singing the oil and gas giant’s praises was Climate Action 100+ (CA100+), which acknowledged the work of its members in engaging with BP to secure promises to its operational emissions by 50% by 2030, compared with an aim of 30-35% previously. Before GFANZ, not one bank had set or published an interim net-zero target.

Net Zero 52

Net Zero Paris Agreement Climate Change Banking 52

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 .

Net Zero 52

Net Zero Paris Agreement Divestment Climate Change 52

Chris Hall

JUNE 2, 2023

Perhaps more encouragingly, almost a fifth of shareholders voted in favour of resolutions calling on ExxonMobil and Shell to accurately disclose the role of asset transfers in their reported GHG emissions reductions, which would stop them claiming CO2 cuts from divestments.

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Paris Agreement Climate Change Divestment Supply Chain 52

James Militzer

MARCH 2, 2023

C threshold (above pre-industrial levels) stipulated in the Paris Agreement. But many expect that within the next few years demand for LIB disposal will rise sharply, and by 2030, 1.2 As we move further into 2023, it can take a lot of energy to think about energy. million tons of batteries will need disposal.

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Supply Chain Supply Chains Climate Change Development 98

Chris Hall

JUNE 23, 2022

C, in line with the Paris Agreement goal. . “If New York is the financial sector least aligned with Paris and at greatest risk from stranded assets if fossil fuel companies continue business as usual, the report found. . The post Listed Equities’ Carbon Well Exceeds Paris Target appeared first on ESG Investor.

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Net Zero Stranded Assets Paris Agreement Divestment 40

Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. trillion across the region by 2030. The GBF is influencing policy through its goals and 2030 targets.

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Supply Chain Supply Chains Divestment CDP 52

Chris Hall

NOVEMBER 2, 2022

C temperature rise by the end of the century, suggesting a need for urgent system-wide transformation to deliver the enormous cuts needed to limit greenhouse gas emissions by 2030. That does not mean divesting to ensure the portfolio looks good in the quarterly report.

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COP26 Net Zero Global Economy Paris Agreement 52

Corporate Knights

JULY 11, 2023

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals.

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Net Zero Divestment Paris Agreement Decarbonize 201

Chris Hall

MAY 16, 2024

The Global Investor Commission on Mining 2030 , for instance, aims to support the sector’s ‘just’ transition while meeting growing demand for critical minerals. “This lack of basic respect for human and environmental rights raises alarm bells about whether a just and sustainable energy transition is achievable,” Avan observed.

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Paris Agreement Divestment Development 84

Chris Hall

JUNE 8, 2023

The House Committee on Oversight and Accountability held a second round of ESG-related hearings in which Republicans voiced their reasons for concern, which included the argument that pursuing climate action was unconstitutional and undemocratic, as Congress had not ratified the Paris Agreement.

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Net Zero Paris Agreement Divestment Greenwashing 52

Chris Hall

MARCH 23, 2022

Its interim target is to reduce greenhouse gas (GHG) emissions to 26-28% below 2005 levels by 2030. The country says based on 2021 emissions projections it is on track to reduce emissions by up to 35% below 2005 levels by 2030. The position in Australia, which needs to phase-out coal by 2030 to meet 1.5C

Net Zero 52

Net Zero Climate Change COP26 Climate Action Tracker 52

Edouard Stenger

NOVEMBER 30, 2018

As I have spent some sleepless nights since the latest IPCC report on how Mankind has to halve its carbon emissions by 2030. A 2010 US study showed that stopping burning coal could be done by 2030 with renewables and energy efficiency. Ending fossil fuels subsidies and divesting away from coal will put the final nails in the coffin.

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Divestment Paris Agreement Waste Banking 52

GreenBiz

SEPTEMBER 25, 2020

As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.

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Paris Agreement Net Zero Supply Chain Supply Chains 509

Richard Matthews

JANUARY 4, 2022

On Earth Day, President Biden pledged to reduce global warming emissions by 50 percent by 2030 compared to 2005 levels. The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance.

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Climate Change Paris Agreement Waste COP26 100