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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. and Canadian banks and large investment managers. . He writes on sustainable business and finance. Former U.S.

Net Zero 360
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Canada to Launch Sustainable Investment Taxonomy

ESG Today

The Government of Canada outlined a plan to develop a new sustainable investment taxonomy, a set of guidelines to help categorize sustainable economic activities aligned with the goals of reaching net-zero emissions by 2050 and limiting global temperature rise to 1.5°C,

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Canadian pension funds are starting to embrace the green transition

Corporate Knights

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion, versus just 7% of $2.1 79000 0.14

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Which banks are financing the clean energy transition?

Corporate Knights

To qualify for the ranking, banks must have signed up to the UN’s Net-Zero Banking Alliance (NZBA), which means they commit to achieving net-zero lending and investment portfolios by 2050. Finally, we ’ d be clear on which definitions were being used and which taxonomy the definitions were derived from.” .

Banking 360
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Net Zero for EU Real Estate Hinges on EPBD

Chris Hall

It also encouraged the accelerated development of, and transition to, zero-emission building stock. According to the Commission’s definition, a zero-emission building would not generate carbon emissions on-site.

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Fidelity International Adds 6 Article 9 Funds to Sustainable Investment Lineup

ESG Today

The EU SFDR regulation includes classification levels for sustainability-focused investment funds, including ‘Article 8’ funds that “promote environmental or social characteristics or a combination of those characteristics,” and the more stringent ‘Article 9’ funds, “which have sustainable investment as their objective.”

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Funding a More Sustainable Future

3BL Media

1 Seventy percent of investors in full- or part-time jobs would probably or definitely include sustainable funds in their 401(k)s if offered by their employers’ plans. assets was either in sustainable investments or tied to ESG practices, 3 with assets set to surge from $35 trillion to $50 trillion in the next three years.

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