Corporate Knights

OCTOBER 11, 2022

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. But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic.

Divestment 358

Divestment CDP Stranded Assets Paris Agreement 358

3BL Media

SEPTEMBER 29, 2023

CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.

Supply Chains 52

Supply Chains Supply Chain Divestment CDP 52

Chris Hall

MARCH 23, 2022

In the absence of mandated reporting, Australian investor networks – CDP, IGCC and the Principles for Responsible Investment – are taking matters into their own hands, releasing a plan of the steps financial regulators and the Australian government can take to adopt mandatory financial disclosure for climate change risks.

Net Zero 52

Net Zero Climate Change COP26 Climate Action Tracker 52