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Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

Divestment can lead to more sustainability in the real economy,” said Martin Rohleder, the university’s chair of finance and banking, calling it “the first empirical evidence on the impact of divestment.”. U of T is also the first university to join the U.N.’s Of course, revolutions can get messy.

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Hong Kong Tells Banks to Target Net Zero Financed Emissions, Disclose Climate Risks and Opportunities

ESG Today

Among the key priorities outlined by the HKMA’s new agenda include directives for banks to reach net zero financed emissions by 2050 and to provide disclosures on climate risks and opportunities, and for the HKMA to incentivize sustainable finance innovation and to provide sustainable-financed training programs for finance professionals.

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Joe Biden can be the president for a sustainable private sector

GreenBiz

The sustainable investment community already is engaged in this effort, channeling dollars to companies with better environmental, social and governance (ESG) practices. One in every three professionally managed dollars in the United States — $17 trillion — is invested with an ESG focus. We agree that this shift is overdue.

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Standard Chartered Appoints Dana Barsky as Global Head of Sustainability Strategy and Net Zero

ESG Today

Standard Chartered announced today the appointment of former Credit Suisse Global Head of Sustainable Finance Dana Barsky as Global Head of Sustainability Strategy and Net Zero. Barsky will be based in Singapore, and report to Group Chief Sustainability Officer Marisa Drew.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

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

Net Zero 114
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All Systems go for Net Zero

Chris Hall

C, and investee companies are not yet facing full scrutiny of their net zero 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 net zero aligned by 2030.

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Net zero transition – the latest signals of change: March 24, 2023

We Mean Business Coalition

Signals of change in the net zero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. The post Net zero transition – the latest signals of change: March 24, 2023 appeared first on We Mean Business Coalition.