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Some previously untargeted companies, brands, institutional investors and geographies will be thrust into the limelight as central problems in the battle against climatechange. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climatechange.
DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. SOURCE: Franklin Templeton.
From companies looking to select cleaner manufacturing suppliers, to investors seeking to divest from polluting industries, to consumers making choices about which businesses to patronize, one thing is clear: a reliable way to measure where emissions are coming from is necessary," they wrote. ClimateChange. Innovation.
DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations ClimateChange Conference , COP26, declared that the climate crisis is at a critical inflection point. SOURCE: Antea Group. C commitment and 7,126 companies have joined the Race to Zero.
End of Week Notes While governments struggle to act The COP26 summit in Glasgow underscored two big things for me: One is that the world’s sovereign nations are not yet able to muster a fully coordinated and cooperative response to climatechange, despite the scientific consensus on the causes?—?the
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.
In September, the CMA issued a consultation to help inform its advice to the UK government on how competition and consumer regimes can better support the UK’s Net Zero and sustainability goals, including preparing for climatechange. Limits to power of collaboration. Removing impediments.
Aviva Investors expressly referred to divestment as a potential strategy to achieve these goals. State Street Global Advisors’ (SSGA) CEO, Cyrus Taraporevala, said in his letter to CEOs that the manager will support the acceleration of the systemic transformations underway in climatechange and the diversity of boards and workforces.
When it comes to gathering the collective will to tackle climatechange, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C
Investor engagement with companies on climatechange has come under the spotlight, with some warning of shortcomings with current processes. As calls for more urgent measures on climatechange grow, strengthening engagement processes is on the agenda. How are investors responding to slow progress on climate engagement?
If the aim of restricting climatechange to within the Paris-agreed 1.5°C C increase over pre-industrial temperatures was hanging by a thread at the end of COP26, subsequent economic and geopolitical events appear to have dealt a blow to those ambitions – at least in the short term. Beast from the east.
Despite suffering severe impacts from climatechange, Australia remains married to coal, but alternative energy opportunities are emerging. Many of the communities dealing with this recent flooding have already had to deal with a range of cascading climate events in recent years. What are Australia’s stated net zero goals?
Two major topics of discussion on the agenda for COP27’s Finance Day were ‘Mobilising Finance for Climate Action’ and ‘From Ambition to Action: Mobilising Finance for Climate Solutions, Adaptation and Resilience’. It explains why activists and the public demand that the finance sector does more to address climatechange.
Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climatechange goals in the U.S. Climate Action. Edison International supports collaborative efforts to address climatechange.
Value chains are global and as such, investors have the unique power to hold companies accountable for child labor practices, environmental degradation and poor governance through divestment or the funding of competitors. At COP26 a major step was taken to globally align ESG reporting, with the creation of the ? Climatechange.
Environmental successes are easily overlooked in a world ravaged by climatechange, biodiversity loss, an ongoing global pandemic and attacks against democracy. The dystopian legacy of the former president is becoming increasingly clear to all but the willfully ignorant as is his politicization of climatechange and COVID.
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