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To Meet Net Zero, Prioritize ESG Laggards

3BL Media

With the long-term goal of net zero in mind, it may be tempting for investors to focus on capitalizing ESG trailblazers over ESG laggards. Engaging for Net Zero. By 2040, the company aims to be net zero and expects their carbon management business will overtake their traditional business.

Net Zero 246
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Dutch Pension Giant PFZW Divests 98% of Oil and Gas Companies over Lack of Climate Action

ESG Today

In a blog post announcing the divestments, PFZW described the remaining companies as “fully committed to the transition from fossil energy to renewable energy or are currently already producing mainly energy with a low carbon footprint.” Overall, PFZW exited its investments in 310 companies, selling €2.8 billion of securities.

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Take Five: Bound by Destiny

Chris Hall

According to a recent blog by Emine Isciel , Co-chair of the Finance for Biodiversity Foundation, a critical factor will be reducing existing harmful financial flows. What this bodes for the Net Zero Data Public Utility we shall soon find out, in Bonn probably.

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Take Five: No Magic Green Wand

Chris Hall

The Net Zero Industry Act (NZIA) , designed to accelerate investment in the clean energy transition, included proven renewable technologies like wind and solar, but also other innovations that have yet to deliver at scale, such as carbon capture and storage (CC S). Just one more.

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Take Five: Immediately and Gradually

Chris Hall

As well as outlining the negative consequences of waiting, an accompanying blog noted the costs will be highest for fossil-fuel exporters and energy-intensive emerging market economies, requiring countries to “cooperate more on finance and technology needed to reduce costs – and share more of the required know-how”.

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Take Five: The New Pay Gap 

Chris Hall

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. Of pensions and profits – Oil and gas profits were also in the news with higher-than-expected profits announced by BP and Shell among others.

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From China’s stand to Walmart’s wish list: A Climate Week news cheat sheet

GreenBiz

As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.