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These can boost investment not only in defence, but also other critical objectives including the netzero transition. The SIU is aimed at mobilising retail savings and investments, too many of which lie dormant, with levers potentially including pension auto-enrolment, better-designed investment solutions, and tax incentives.
C, and investee companies are not yet facing full scrutiny of their netzero 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 netzero aligned by 2030.
The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. According to Global Fossil Fuel Divestment Commitments Database, the value of financial institutions divesting has reached US$40.76 are pension funds.
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. In addition to divesting from oil, CDPQ plans to deepen its practice in the biodiversity space and expand the scope of its commitments in nature-positive themes.
At COP26, the Glasgow Financial Alliance for NetZero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. Engagement ring.
Asset owners must use all available levers to phase out fossil fuels, while also rapidly increasing investment in climate solutions to achieve netzero ambitions, according to Laura Hillis, Director, Climate & Environment, Church of England Pensions Board (CoEPB).
To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.
Despite many pension funds declaring their frustration at laggardly transition planning in the sector, as engagement yields limited results, divestment still seems to be the hardest word. Meanwhile, rumours abound of a further delay to the introduction – and possible reduction in scope – of US climate disclosure rules.
Car manufacturer Toyota is facing a climate-focused shareholder resolution of its own, with Danish pension fund AkademikerPension demanding more transparency on the company’s climate lobbying practices. However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural (..)
This appears to be growing, with increasing numbers in the latter camp moving further in the opposite direction, favouring divestment over engagement – at least as far as the highest emitters are concerned.
A letter to insurers from US state attorneys-general could have broad implications for the finance sector’s coordinated efforts to support netzero goals. None explained their actions (unlike Munich Re , which left in March); all committed to pursuing netzero goals individually. End of the line? –
It’s more a theoretical implication often discussed by academics who have yet to find much of a link. In the past several years, these efforts have been more successful than ever in pushing companies on a range of sustainability issues, including making net-zero emissions commitments. Indeed, this year’s proxy season in the U.S.
Technology-focused climate crisis research and development (R&D) programs are in a time of rapid expansion and reformulation across government , academic research , the private sector, and partnerships that span all three. The Cloud of Net-Zero. By Theodora Dryer. This is the clutch.
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