Corporate Knights

MAY 9, 2024

OMERS developed an internal Climate Metrics Manual in 2023 and is now reporting greenhouse gas emissions for 95% of its in-scope portfolio. IMCO, HOOPP and OMERS, like most major Canadian pension funds, publicly state that they want to achieve real-world emission reductions and not just divest their way to their emission-reduction targets.

Decarbonize 348

Decarbonize Divestment Development Climate Change 348

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

Divestment 52

Divestment Net Zero Climate Change Banking 52

Chris Hall

MARCH 4, 2022

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

Divestment 52

Divestment Supply Chain Supply Chains Value Creation 52

Chris Hall

MARCH 21, 2022

Institutional and wholesale investors are increasingly willing to divest oil and gas firms and other carbon-intensive holdings to meet net zero commitments, according to a new global study. . Divestment appetite . Both institutional and wholesale investors said they expected to increase their divestment of carbon-intensive assets.

Divestment 52

Divestment Net Zero Climate Change Impact Investing 52

Corporate Knights

FEBRUARY 16, 2022

Blocking climate policy Categorized by the InfluenceMap lobbying red flag metric, which highlights companies that are engaged in corporate lobbying on climate change. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Source: CK) 1. Source: CK) 1. Source: CK, AYS) 10. Source: CK, AYS) 10.

Net Zero 360

Net Zero Negative Screening Divestment Manufacturing 360

3BL Media

FEBRUARY 22, 2022

As a member of the Executive Committee, Gwenaelle will preside over developing and deploying strategic, sustainability and quality & customer satisfaction initiatives, while steering all mergers, acquisitions and divestment activities globally. as a consultant.

Digital Transformation 130

Digital Transformation Digitalization Divestment Climate Change 130

B the Change

APRIL 3, 2023

on understanding how environmental regulation affects investor behavior and the implications for climate change. When environmental regulations, such as the NAAQS, come into effect, investors know it means their companies will take a hit — so, they divest. I’ve focused my Ph.D. This sell-off can be big. Simon Xu is a Ph.D.

Divestment 98

Divestment Climate Change Banking 98

Corporate Knights

FEBRUARY 20, 2025

In 2016, we created the Clean200 in response to investors saying, If we divest fossil fuels, there is nothing to invest in, says Andrew Behar, CEO of As You Sow and co-author of the Carbon Clean 200 report that accompanies the ranking. They include sustainably certified tech hardware, electric vehicles and electric rail equipment.

Global Economy 288

Global Economy Manufacturing Divestment Negative Screening 288

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. Change is already underway within the fossil fuel industry, as developments in the Netherlands, United States and Australia indicate.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Edouard Stenger

MAY 24, 2017

As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. Part of this revolution is the meteoritic growth of green bonds, which were started in 2007 by the World Bank and the European Investment Bank. City bonds are mostly AA.

Green Bonds 52

Green Bonds Climate Change Banking Divestment 52

ESG Today

DECEMBER 7, 2022

Vanguard said: “This change in NZAM membership status will not affect our commitment to helping our investors navigate the risks that climate change can pose to their long-term returns.

Net Zero 128

Net Zero Divestment Decarbonize Banking 128

3BL Media

APRIL 19, 2022

This step will help you identify the riskiest physical locations and products to divest from and access public incentives. You can also divest from risky assets and manage risk within the supply chain. Align your products with climate-related investor or consumer expectations. AnteaGroup breaks down the discussion here: [link].

Divestment 130

Divestment Development Climate Change Supply Chain 130

Chris Hall

JANUARY 30, 2024

The risk could also manifest in strategic litigation being brought or encouraged by NGOs seeking to compel or exert pressure on investors to change investment strategy. Last February , French climate campaigners sued BNP Paribas for financing fossil fuels in the first climate-related lawsuit against a commercial bank.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. As part of its climate engagement work, Border to Coast has also committed to ensuring a just transition.

Divestment 52

Divestment Banking Climate Change Net Zero 52

Chris Hall

APRIL 1, 2022

The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. . If necessary, we will support a change in leadership to meet these standards.” . “If

Divestment 52

Divestment Net Zero Climate Change Sustainable Investment 52

3BL Media

SEPTEMBER 29, 2023

They can also serve as safeguards to verify that the reduction of emissions in their portfolios corresponds to actual emissions reductions in the real world, rather than being achieved solely through divestment from high-emitting assets. The final report will be published by COP28.

Net Zero 113

Net Zero Decarbonize Divestment Global Economy 113

Chris Hall

APRIL 26, 2024

Additionally, ESG-aligned investors have been advised to vote against company boards that seek to challenge shareholder resolutions through the courts, as part of the As You Vote 2024 Proxy Vote Guidelines.

Divestment 136

Divestment Net Zero Climate Change Banking 136

Chris Hall

MARCH 27, 2024

Reflecting on these findings, it’s perhaps understandable that some investors have become frustrated by the sector’s lack of progress. Last year, the Church of England Pensions Board and Church Commissioners divested from all oil and gas firms that failed to align with climate goals – including Shell.

Paris Agreement 133

Paris Agreement Climate Change Divestment Banking 133

Chris Hall

APRIL 19, 2024

As global momentum builds behind transition planning, Mark Manning, Senior Visiting Fellow at the London School of Economics, makes the case for a systemic response to the challenges of climate change. Arguably, we need to be thinking about transition planning as a system response to the challenges of climate change.”

Net Zero 81

Net Zero Paris Agreement Climate Change Banking 81

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. 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.

Divestment 81

Divestment Net Zero Climate Change COP26 81

Chris Hall

SEPTEMBER 6, 2024

The 2007-09 financial crisis prompted several emergency changes to the structures, which reduced some risks – but also created new ones in the process. Many companies were banking on interest rates remaining low and stable inflation, as well as the nature of the business and regulatory environment remaining essentially the same.

Climate Change 83

Climate Change Divestment Banking Development 83

Chris Hall

JUNE 13, 2024

But the government has drawn criticism regarding its ability to achieve agreed climate targets – such as a 100% reduction of greenhouse gas emissions by 2050 compared with 1990 levels – even from its own Climate Change Committee. In May, a High Court ruling ordered it publish a revised net zero strategy.

Net Zero 89

Net Zero Divestment Supply Chain Supply Chains 89

Chris Hall

JANUARY 30, 2024

The risk could also manifest in strategic litigation being brought or encouraged by NGOs seeking to compel or exert pressure on investors to change investment strategy. Last February , French climate campaigners sued BNP Paribas for financing fossil fuels in the first climate-related lawsuit against a commercial bank.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Chris Hall

OCTOBER 18, 2023

The Alliance counts French insurer AXA Group, Nordic bank Nordea and UK-based financial services company Legal & General among its membership. Among these, 69 members have set intermediate climate targets in line with the Alliance’s Target-Setting Protocol , amounting to US$8.4 trillion in AUM.

Net Zero 69

Net Zero Global Economy Divestment Climate Change 69

Chris Hall

MAY 3, 2022

Investor engagement with companies on climate change has come under the spotlight, with some warning of shortcomings with current processes. As calls for more urgent measures on climate change grow, strengthening engagement processes is on the agenda. How should engagement work in principle?

Net Zero 52

Net Zero Divestment Greenwashing COP26 52

Chris Hall

SEPTEMBER 21, 2022

Norwegian SWF to challenge companies on their decarbonisation targets, transition plans and climate reporting. . Norges Bank Investment Management (NBIM), which manages Norway’s US$1.2 trillion sovereign wealth fund, has published its 2022-2025 climate action plan. Raising ambition .

Net Zero 52

Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

MARCH 25, 2022

‘Say on Climate’ votes could pitch asset managers against bankers. But it became clearer this week that these latent tensions could soon ignite as asset managers stiffen their proxy voting policies, potentially inflicting AGM defeats on parent groups’ directors for indulging the toxic relationships (and revenues) of their banking brethren.

Banking 52

Banking Divestment Climate Change Net Zero 52

Chris Hall

SEPTEMBER 6, 2024

One of these – already firmly on the agenda at the UN summit and elsewhere – was the alleviation of poverty through reform of multilateral development banks , partly to boost their catalytic relationship with private investment. million hectares annually. Is now the right time for investors to quit a fading industry ?

Divestment 80

Divestment Net Zero Climate Change Banking 80

Chris Hall

JULY 14, 2023

We have primarily concentrated on the oil and gas industry, but the outcomes have been disappointingly limited, particularly with recent target reversals. “It may be necessary to reconsider our approach.” However, for some investors the limited progress of the oil and gas industry on climate forced them to cut ties with the sector.

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

NOVEMBER 4, 2022

While responding to customer or limited partner demand for ESG investments, funds are also looking to ESG-screened investments to outperform other investments because they have identified and better managed macro risks such as climate change and social unrest. Indeed, more than US$500 billion poured into ESG?oriented

Divestment 52

Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

MAY 31, 2024

But, as a long-term investor, we also believe that Exxon and the other companies we own must take seriously the risk that climate change poses to business and to the overall health of markets over the long term.” Exxon is required to disclose the full breakdown of votes at the AGM within four business days.

Climate Change 52

Climate Change Divestment Paris Agreement Value Creation 52

Chris Hall

SEPTEMBER 7, 2023

Last month , a panel of UN-appointed human rights specialists sent letters to Aramco and its financiers – including BNP Paribas and Goldman Sachs – warning that the company may be in violation of global human rights rules due to its significant contribution to climate change.

Net Zero 80

Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

MARCH 10, 2022

Last November, the Department of Work and Pensions (DWP) consulted on proposed changes to the regulatory charge cap for defined contribution pension schemes to enable investment in a broader range of asset classes. degrees Celsius.

Net Zero 52

Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

MAY 5, 2023

Additionally, the World Benchmarking Alliance’s 2022 update to its Financial System Benchmark , which assesses 400 of the world’s most influential financial institutions on their progress supporting a just transition, highlighted that the financial system is “a long way off from global expectations on climate change”.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Edouard Stenger

NOVEMBER 30, 2018

Now, installing new wind turbines or solar farms is cheaper than keeping coal fired plants, as per the investment bank Lazard. Ending fossil fuels subsidies and divesting away from coal will put the final nails in the coffin. This basically kills the business case for coal. Our future can be coal-free.

Divestment 52

Divestment Paris Agreement Waste Banking 52

Chris Hall

SEPTEMBER 18, 2023

Gupta said the goal of the study is to gain insights into the “obstacles and challenges” that need to be addressed due to climate change concerns having shifted from a long-term issue to an immediate one, impacting the medium-term interests of members.

Paris Agreement 59

Paris Agreement Climate Change Divestment Net Zero 59

Chris Hall

AUGUST 23, 2023

It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt. In July, Inditex pledged a “phased and responsible” exit from the region under military rule.

Supply Chain 98

Supply Chain Supply Chains Banking Manufacturing 98