ESG Today

MARCH 24, 2024

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

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Supply Chain Supply Chains Green Bonds Decarbonize 111

3BL Media

SEPTEMBER 28, 2022

She cited the massive growth of ESG initiatives as a great achievement but was wary of the lack of democratized data that can clearly define certain ESG investments as sustainable. 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

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. In 2022, the oil and gas industry invested just 2.5% Last year, Shell invested US$5.6

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Divestment Paris Agreement Stranded Assets Net Zero 89

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

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 Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

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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. Sustainable Investing – Greater Scrutiny.

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Supply Chain Supply Chains Paris Agreement Divestment 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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Chris Hall

JUNE 14, 2024

The stated purpose of the hearings was to decide whether current laws are sufficient to “deter anti-competitive collusion” to promote ESG-related goals in the investment industry. Even so, the hearings could be contributing to rising outflows from sustainable investment vehicles, with investor behaviour in the US diverging from elsewhere.

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Paris Agreement Sustainable Investment Climate Change Divestment 78

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

Chris Hall

MAY 31, 2024

Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

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Divestment Net Zero Climate Change COP26 81

Chris Hall

OCTOBER 4, 2024

According to global institutional asset manager Ninety One, they are also on a trajectory to represent 90% of emissions growth by 2030. However, we don’t just buy the bonds of a large cement company with 2030 targets and then wait until 2031 to see the results,” said Christ.

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Development Divestment Net Zero Greenwashing 89

Chris Hall

OCTOBER 10, 2024

However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5% Asset owners – including signatories of the NZAOA – are increasingly exploring sustainable investment opportunities in private markets.

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Net Zero Sustainable Investment Divestment Global Economy 64

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.

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Net Zero Climate Change Paris Agreement Sustainable Investment 59

Chris Hall

OCTOBER 7, 2022

Pillars of the post-WW2 global financial system are not yet on the same page for climate risk and sustainable development. 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% of inflation a year. “If

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Negative Screening Divestment Supply Chain Supply Chains 52

Chris Hall

JANUARY 31, 2023

Bolli was co-lead author of the protocol report, alongside Udo Riese, Global Head of Sustainable Investing at Allianz Investment Management. 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.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Sustainability Matters

NOVEMBER 27, 2022

Investors want greener options and are willing to pay for it — since 2020 sustainability investments have increased 63%. Market regulator Hong Kong Exchanges and Clearing, with a $6 trillion market capitalisation, now requires issuers to disclose their environmental, sustainability and governance scores. billion annually.

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Sustainable Investment Divestment Net Zero Development 40

Chris Hall

JUNE 14, 2023

1 campaign has changed that, he argues. Exxon has since set a number of targets, including net zero greenhouse gas (GHG) emissions for its operated unconventional assets in the Permian Basin by 2030.

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Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

MARCH 9, 2022

One might expect governance ratings to change over time rather than overnight,” said a sustainable investment analyst at a large UK-based asset owner. . Any decision made to disengage or divest must be done in a responsible fashion, including scrutinising for any unintended human rights consequences.” .

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Supply Chain Supply Chains Net Zero Divestment 52

Chris Hall

MARCH 25, 2022

Martindale says that recognition of the need for severe emissions cuts by 2030 may encourage pension funds to move beyond net zero 2050 targets. Once trustees start to consider target setting, it would seem logical to align with the Paris Agreement and set interim targets based on emissions reduction by 2030 from 2019 levels.

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Paris Agreement Climate Change Net Zero Supply Chain 52

Chris Hall

JANUARY 3, 2024

But he was less clear on whether PensionDanmark, which has €40 billion AUM, could achieve its stated target of achieving a further 30% cut in portfolio emissions by 2030. “If Others might set a target for some or all portfolio companies to be net zero aligned by 2030. Some managers might not cover Scope 3 emissions,” he notes.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

APRIL 12, 2023

trillion across the region by 2030. With nature more broadly, there are further layers of complexity,” said Eric Nietsch, Head of Sustainable Investing, Asia, Manulife Investment Management. You have to bear that in mind when considering your investment decisions,” she said.

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Supply Chain Supply Chains Divestment CDP 52

Chris Hall

APRIL 21, 2023

The Canada Pension Plan Investment Board (CPP Investments) has committed to making its entire portfolio net zero by 2050 by increasing investment in green and transition assets to at least C$130 billion (US$96 billion) by 2030 and building on its decarbonisation investment approach.

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