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When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainableinvesting was called back then.
Canada is lagging in its efforts to drive private capital into sustainableinvestments to finance solutions on climate change and other environmental challenges. The post Canada is falling behind in global race to attract sustainableinvestments: Guilbeault appeared first on Corporate Knights.
Owens Corning, owner of Paroc AB, celebrated breaking ground on its new sustainabilityinvestment at the Paroc Hällekis plant in Sweden. The project contributes to Owens Corning’s long-term greenhouse gas emissions goal of a 50% absolute reduction in Scope 1 and Scope 2 emissions by 2030, from a base year of 2018. C scenario. “We
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainableinvestment labels, reduced SFDR (..)
As markets tumble into bear territory, investors want to know: How are sustainable funds weathering the coronavirus correction? Sustainable. The post The upside of sustainableinvesting in a down market appeared first on ImpactAlpha.
International asset manager Robeco announced today a new program to open up access to its sustainableinvesting intellectual property with the launch of its SustainableInvesting Open Access Initiative. The post Robeco Opens up Access to SustainableInvesting IP appeared first on ESG Today.
Sustainableinvesting approaches aim to deliver attractive returns through investments in issuers that contribute to positive social and environmental outcomes. Yet this massive opportunity can also create risks, because there is a smaller pool of sustainableinvestment targets to choose from.
Investment management firm Fidelity International announced today the expansion of its sustainability team with two new senior hires, including Phil Cliff, joining from M&G Investments, and Aaron Hay, from Federated Hermes, as Directors, SustainableInvesting.
Billion SustainableInvesting Mandate from SJP Net Zero 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 companys updated Energy Transition Strategy highlighted its view of LNG as playing a critical role in the energy transition, including through replacing coal in heavy industry and in power generation, and includes plans by the company to grow its LNG business by 20% – 30% by 2030, on a 2022 basis.
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.
announced the launch of its new SustainableInvestments2030 Strategy, aimed at accelerating its transition to a net zero emissions portfolio, and including a new pledge to invest $100 billion in climate solutions by 2030.
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.
Gertler said U of T will divest from all direct investments in fossil fuel firms within 12 months, and divest from pooled investments by 2030. The university will allocate 10% of its $4-billion endowment to sustainableinvestments by 2025 (the “invest” side of DivestInvest).
DESCRIPTION: DUBLIN, June 30, 2022 /3BL Media/ - As part of its ongoing focus on transparency, intelligent power management company Eaton (NYSE:ETN) today released two reports featuring the company’s progress in meeting its 2030sustainability goals. Full results can be seen on the company’s 2021 Sustainability Dashboard. “In
BlackRock Global Head of SustainableInvesting Paul Bodnar announced that he will be departing the firm, to join the Bezos Earth Fund. billion, and aims to fully disburse the $10 billion pledge by 2030. BlackRock has changed the way the financial sector thinks about sustainability.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres Alfa Laval Accelerates Net Zero Goal by 3 Years to 2027 Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas BlackRock, (..)
If done well and implemented quickly, these policy promises would make the financial sector more sustainable and help Canada reach its 2030 emission-reduction commitments. Yet many Canadian banks, pension funds, insurers and large companies still underinvest in clean energy and disproportionately invest in oil, gas and coal.
Our Sustainable Economy Intelligence database tracks how much companies are funnelling into green capital expenditures (sustainableinvestment) and the percentage of revenues they earn from planet-friendly products and services (sustainable revenue). So which of the legacy automakers is pulling ahead of the pack?
This imbalance squeezed sustainableinvestment firms like CoPower, which ultimately led to its green bond model winding down. In 2021, these investors accounted for 52 per cent of global assets under management in 2021 a figure expected to jump to nearly 61 per cent by 2030.
The acquisition follows the launch by Apollo last year of Apollo Clean Transition Capital (ACT Capital), an investment strategy with $4 billion in capital, aimed at investing in companies to provide capital for their transition to clean energy and sustainable industry.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements IKEA Invests $1.6
The United Nations projects that by 2030 global demand for freshwater is expected to surpass supply by 56 percent. Water is one of the nine themes that make up the sustainableinvestment philosophy at Essex. We know that water is a shared resource, and actions need to be driven locally.".
Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. In terms of sustainable capital expenditures, as a whole the 20 companies projected total sustainableinvestments of $528 billion (all figures in U.S. Whereas just 2.7%
When the planets align, the sustainabilityinvestments yield meaningful emission reductions and a payoff for the owner. Investors are shopping for rental buildings In fact, there’s good evidence in both Canada and the United States that investment capital is now flowing into rental apartments at a pace not seen in decades.
ESG Reporting EU Council Approves Delay to CSRD and CSDDD Sustainability Reporting Regulations ISSB Launches New Roadmap Tool to Help Jurisdictions Adopt Sustainability Reporting Standards Guest Post Interoperability: The Missing Link in Global Sustainability Efforts Government & Regulators SEC Drops its Defense of Climate Reporting Rules ESG (..)
The report features the company’s substantial progress toward its 2030sustainability goals. Sustainableinvestments : Invested $900 million in research and development for sustainable solutions since 2020, up from $528 million in 2021. Employee development : Met company employee training hours goal.
According to the report, debt financing remains the dominant source of sustainableinvestment flows, with green European bond issuance exceeding 200 billion every year since 2021. Half of this was directed toward enabling activities, while transitional activities accounted for 11% of the total (double the previous year).
A significant majority of the world’s major cities have committed for all new buildings to be net zero by 2030 and all buildings to be net zero by 2050. office space, Net Zero, 2030, DEI, Green Building, JLL, GreenMoney Journal. office space, Net Zero, 2030, DEI, Green Building, JLL, GreenMoney Journal.
Sustainableinvestment opportunities and risks are slowly beginning to emerge as Europe outlines its plans to rearm. 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.
The new investment initiative follows the launch last year by Purolator of a set of climate-related targets, including goals to reduce Scope 1 and 2 emissions by 42% by 2030, and put itself on the path for net zero emissions by 2050.
Reports released on COP29 ’s Finance Day by the Global SustainableInvestment Alliance (GSIA) and Taskforce on Net Zero Policy have highlighted the significant obstacles that continued policy gaps pose for investors and companies. C temperature pathway.
The launch of the new fund follows a commitment by in 2020 Japan to reach carbon neutrality by 2050 , and the subsequent release by the government in 2021 of an interim target to reduce greenhouse gas emissions by 46% 2030, and a 2030 energy strategy , which envisions reducing fossil fuels in the energy mix to around 40% from more than 75%.
Data provider appoints former Trucost CEO Richard Mattison to accelerate initiatives and develop fresh strategies for sustainableinvesting. Mattison has more than 20 years of sustainable finance experience and previously served as President of S&P Global’s Sustainable1 unit. million in Q3 , up from US$79.9
and longtime Ceres Investor Network member, announced a bold investment of $100 billion in climate solutions by 2030 to support its overall goal of achieving a net zero emissions portfolio by 2050. CalPERS set out this investment goal in the context of its comprehensive SustainableInvestments2030 Strategy.
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 (..)
trillion by 2030 from nature degradation. A 2020 study estimated an average of US$711 billion per year in additional funding is needed from governments and business to meet 2030 goals. But how can we secure the necessary resources to achieve these goals? for protected areas, productive landscapes, and urban environments).
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. KLA Commits to Cut Emissions in Half by 2030, Reach Net Zero by 2050. ESG Investing. Robeco Opens up Access to SustainableInvesting IP. Sustainable Finance.
The Morningstar analysis, which was released in July, is the first time the investment community has had an in-depth look at the climate commitments of NZAMI members. . Vanguard Group, for example, the world’s second-largest asset manager at $8.1 trillion in assets, came last at 4% net-zero assets under management.
SustainableInvestment is an essential part of our Nordic DNA, and we look forward to supporting CalSTRS with our distinct investment approach to deliver returns with responsibility.” Kirsty Jenkinson, Investment Director of CalSTR, said: “We are excited to expand our relationship with the team at Nordea Asset Management.
Graham’s speech also included dubious statements about divestment and the pace of transition away from fossil fuels, claiming that the “global investment community has also changed its tune when it comes to fossil fuel divestment.”
In a 2023 report, the International Energy Agency (IEA) estimates that to meet net-zero goals, electricity’s share of total energy demand needs to double between now and 2030 to accommodate the electrification of transportation, building heat, industrial processes, agriculture and information technology.
To qualify for a “transition” label, projects with Scope 1 and 2 emissions would need to demonstrate significant greenhouse gas reductions in line with Canada’s climate goals for 2030 and 2050. Projects must have well-defined lifespans that are approximately proportionate to the expected decline in global demand.
Automotive giant Ford issued a harsh response to UK Prime Minister Rishi Sunak’s plan to push back the country’s ban on the sale fossil fuel-based cars, arguing that the move will undermine government consistency needed to enable investment in the industry’s transformation. A relaxation of 2030 would undermine all three.”
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