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For the leaders of the divestment movement, which encourages institutional investors to sell off their shares in fossil fuel companies, winning isn’t everything. But after a decade of determined lobbying, the divest side is suddenly doing a lot of winning. That tally, they noted, is bigger than the combined GDP of the U.S.
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. And let’s go to the semiconductor industry.
Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C The previous limits were 30% and 10%, respectively.
DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations Climate Change 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.
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.
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. The sense of optimism at COP26 turned out to be short lived. “We Beast from the east.
Aviva Investors, which has £262 billion AUM, said it will develop “teeth” when engaging with directors that do not exhibit sufficient urgency in the pace of change. Aviva Investors expressly referred to divestment as a potential strategy to achieve these goals. Other leading managers were more circumspect in their 2022 outlines.
The NGO even suggests asset managers are “actively maintaining the status quo by backing fossil fuel companies’ management despite inadequate climate strategies and plans to develop new fossil fuel projects”. How are investors responding to slow progress on climate engagement?
Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.
Asserting that competition policy should not “create an unnecessary obstacle to sustainable development”, the CMA guidance included advice on standard-setting agreements, which warned against the sharing of commercially sensitive information beyond that necessary for setting a standard, or imposing obligations on firms not wishing to participate.
The narrative around emerging economies and NET should be item one on the 2025 COP agenda, not an inquisition as to why we didn’t get there. The implications for support for developing nations in a Just Transition will also involve real economic sacrifice for OECD nations – the back burner will have become the front burner.
Australia adopted an economy-wide target of net zero emissions by 2050 in the run-up to COP26. At COP26 in Glasgow, Australia refused to commit to phasing out coal. This explainer looks at the state of play in Australia and the role of investors in accelerating its transition to a low-carbon economy.
Edison Energy(1) works with clients globally to respond to climate challenges by helping them structure renewable energy projects, electrify their fleets, develop energy optimization programs and set comprehensive sustainability strategies inclusive of net-zero goals and science-based targets. Edison International Participates in COP26.
She specializes in rural development strategies, mineral sector governance and local capacity development, and has direct field experience across Africa, Asia and Latin America. ?Matthew He has extensive experience in research and program development in both the public and private sectors. is the Director of Mining at Pact.
International cooperation is the goal of the annual Conference of the Parties (COP) and despite being dismissed as a failure, the final agreement at COP26 emphasized the importance of nature and ecosystems, including protecting forests and biodiversity. trillion in assets, have committed to divest.
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