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The Oregon State Treasurer disclosed plans earlier this month to transition the Oregon Public Employees Retirement Fund’s portfolio (OPERF) to netzero, as more US states prepare to launch transition plans for their public pension funds.
First, the UN-convened NetZero Asset Owner Alliance told us of a steepening uphill struggle, but an effective one driven by target-setting across activities and sectors. The end of the beginning – The NetZero Asset Owner Alliance also urged further efforts to “reform the current multilateral financial architecture”.
Second, we strengthened our greenhouse gas (GHG) emissions data gathering, methodology documentation, and reporting processes and controls. NRG’s climate goals are to reduce GHG emissions by 50% by 2025 from the current 2014 base year and to achieve netzero by 2050.
The challenge for investors and regulators of identifying exaggerated claims by firms about their transition to sustainable and climate-positive practices has grown rapidly. A document seen by Reuters revealed that the EU has drafted plans to require companies to support green claims about their products with detailed evidence.
In other US climate-positive news, the Biden administration recently awarded US$4.3 billion in federal grants across 30 states to 25 projects aiming to boost clean-energy development and reduce the nation’s greenhouse gas emissions.
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