Remove Climate Positive Remove Divestment Remove Net Zero
article thumbnail

Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Phoenix Group: Governments Key to 2030 Climate Goals  

Chris Hall

The large UK asset owner releases its first net zero transition plan, warning longer-term goals will be difficult without robust policy support. trillion investment portfolio through tilting its portfolio toward climate-positive investments and increasing its stewardship efforts with carbon-intensive investee companies.

article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. “We

article thumbnail

Edison International 2021 Sustainability Report: Climate Change Mitigation

3BL Media

Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climate change goals in the U.S. Among other things, SCE divested from and terminated all contracts with coal-burning resources and, since 2015, has had no coal in its specified portfolio.

article thumbnail

Take Five: Wheels in Motion

Chris Hall

This appears to be growing, with increasing numbers in the latter camp moving further in the opposite direction, favouring divestment over engagement – at least as far as the highest emitters are concerned.

Banking 80