3BL Media

SEPTEMBER 29, 2023

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 147

Net Zero Divestment Banking Stranded Assets 147

Chris Hall

NOVEMBER 4, 2022

As a result, companies, funds and investment managers developing and implementing ESG policies and programmes must understand and navigate this increasingly complex legal landscape. For instance, Illinois enacted the Illinois Sustainable Investing Act in 2019. Legislators in New Jersey have introduced a similar bill.

Divestment 52

Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

OCTOBER 5, 2022

The framework will form part of the UK’s Sustainability Disclosure Requirements (SDRs), the UK’s equivalent of Europe’s Sustainable Financ e Disclosure Regulation (SFDR). Sadan also advised that in order to affect change on firms’ ESG practices, investors need to engage over the long term rather than divest investment.

Divestment 52

Divestment Greenwashing Sustainable Investment Green Investing 52

Chris Hall

MAY 31, 2024

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. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

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Divestment Net Zero Climate Change COP26 81

Chris Hall

JULY 21, 2023

Article 9 funds are considered the most sustainable, requiring portfolios with 100 per cent sustainable investments. The advantages of Article 9 funds lie in their ability to provide clear signals to investors regarding their commitment to sustainability.

Sustainable Investment 52

Sustainable Investment Greenwashing Climate Change Paris Agreement 52

Chris Hall

OCTOBER 10, 2022

Research predicts new demands on asset managers, as clients’ sustainable investment priorities mature. Institutional and intermediary clients’ sustainable investment demands are growing increasingly sophisticated, requiring managers to reappraise their skills and budget levels.

Sustainable Investment 52

Sustainable Investment Stranded Assets Negative Screening Divestment 52

Chris Hall

OCTOBER 4, 2024

The International Energy Agency estimates that US$1 trillion a year to 2050 will need to be spent in developing economies to achieve net-zero GHG emissions. Yet, many institutional investors remain reticent to invest in developing economies. In 2022, only 2% of impact funds were focused on EMs, representing just 0.1%

Development 89

Development Divestment Net Zero Greenwashing 89

Chris Hall

JUNE 13, 2024

The net zero race The former MP also emphasised the importance of the Global Stocktake , and the development of new nationally determined contributions (NDCs) under the Paris Agreement, which need to be submitted by 2025 with detailed sectoral commitments.

Net Zero 89

Net Zero Divestment Supply Chains Supply Chain 89

Corporate Knights

OCTOBER 25, 2024

Sustainability disclosure is the new normal Around the world, policies and regulations requiring companies to disclose their emissions and sustainability metrics have advanced at varying rates and to different stages of development, from barely nascent to quite mature.

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Divestment Net Zero Decarbonize Paris Agreement 287

Chris Hall

SEPTEMBER 27, 2024

The Financial Conduct Authority’s decision to halt the development of an effectiveness metric undermines systemic stewardship, says Gustave Loriot-Boserup, Founder of Compass Insights. We pursue a strategy of engagement rather than divestment. Q – You have recently increased your exposure to several oil and gas companies.

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Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

APRIL 25, 2022

Earlier at the conference, Zheng Zeguang, Ambassador from the People’s Republic of China to the UK, observed that the two countries should “step up policy coordination” on green finance and support green and low-carbon development. . Collaborative mindset . Engagement is just one piece of the puzzle. Data tools . C,” he said.

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

MAY 24, 2024

David Byrns, Portfolio Manager at American Century, explains why transition investing is fundamental to achieving net zero. While global sustainable investments reached US$30.3 Best-in-progress approach American Century launched a new strategy called Global Sustainable Value in November 2023. “The

Net Zero 80

Net Zero Sustainable Investment Value Creation Divestment 80

Chris Hall

APRIL 29, 2022

All were quick to acknowledge the progress made since the last time such sustainable investment get-togethers were done face to face. To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions.

Net Zero 52

Net Zero Divestment Sustainable Investment Banking 52

Chris Hall

NOVEMBER 30, 2023

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month.

Net Zero 59

Net Zero Climate Change Paris Agreement Sustainable Investment 59

Chris Hall

JANUARY 31, 2023

Bolli was co-lead author of the protocol report, alongside Udo Riese, Global Head of Sustainable Investing at Allianz Investment Management. The latest edition of the protocol for members includes targets on private assets and outlines ways to report on sovereign bond emissions.

Net Zero 52

Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

OCTOBER 5, 2022

Role of active stewardship across environmental and social themes emphasised at ESG Risk & Investment Asia 2022. . An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. .

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Divestment Net Zero Paris Agreement Sustainable Investment 52

Chris Hall

APRIL 19, 2024

They were the culmination of two years’ work, including the TPT’s Disclosure Framework, published in October to help companies develop robust transition plans as part of their annual reporting. At the core of the centre’s thinking is the integrated transition-planning ecosystem.

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Net Zero Paris Agreement Climate Change Banking 81

Richard Matthews

FEBRUARY 7, 2022

Better Ventures builds on a decade of experience to back founders leveraging scientific breakthroughs and emerging technologies in service of the UN’s Sustainable Development Goals. FullCycle Climate Partners invests in growth stage companies with developed climate-critical infrastructure technology. Better Ventures.

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Impact Investing Climate Change Divestment Sustainable Investment 64

Chris Hall

NOVEMBER 11, 2022

ESG Investor’s weekly round-up of news about funds designed to meet sustainable investing criteria, including HSBC AM, RLAM, LOIM, Algebris Investments and TLEI. . HSBC Asset Management has launched the HGIF Global Emerging Markets Corporate Sustainable Bond fund.

Divestment 52

Divestment Net Zero Sustainable Investment Climate Change 52

Chris Hall

JULY 4, 2023

Paul Lee, Head of Stewardship and Sustainable Investment Strategy at investment consultants Redington, told ESG Investor the proposals should simplify the vote reporting process for both parties.

Stewardship Code 52

Stewardship Code Sustainable Investment Divestment Climate Change 52

Sustainability Update

OCTOBER 30, 2021

An accompanying story by Reuters tells us that Blackstone recently hired five managers to beef up its internal ESG team as the firm moves to drive sustainability and diversity across its broad portfolio of holdings. What about P/E and sustainability? . For information on The Blackstone Group’s sustainability journey: [link] org/.

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Divestment Sustainable Investment Impact Investing Development 40

Chris Hall

MAY 5, 2023

– Fears about AI went up another notch this week, with bigtech insiders questioning whether the firms developing the technology (or indeed regulators or policymakers) can erect the necessary guard rails to control their creations and avoid potential social harms.

Divestment 52

Divestment Net Zero Academics Sustainable Investment 52

Chris Hall

APRIL 6, 2022

Meanwhile in the asset management sector, Legal & General Investment Management said it would divest from Russian sovereign debt and the manager has reduced total exposure to 0.1% of AUM or £1.3 billion. .

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Divestment Digitalization Banking Supply Chain 52

Sustainability Matters

NOVEMBER 27, 2022

Investors want greener options and are willing to pay for it — since 2020 sustainability investments have increased 63%. Market regulator Hong Kong Exchanges and Clearing, with a $6 trillion market capitalisation, now requires issuers to disclose their environmental, sustainability and governance scores. billion annually.

Sustainable Investment 40

Sustainable Investment Divestment Net Zero Development 40

Chris Hall

JUNE 14, 2023

Between 2007 and 2019, Exxon delivered less than 1% in shareholder returns (capital gains and dividends) per annum, around 10% in total over the 12-year period, the report noted. This slashes portfolio emissions and sends a strong signal to oil and gas firms about the financial consequences of failing to set out credible transition plans.

Net Zero 52

Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

MAY 9, 2023

The review factored in the implications of UK market abuse regulations and developments in competition law in major jurisdictions. The SDR proposals recognise the role of stewardship as a legitimate part of a sustainable investment strategy, with the inclusion of the sustainable improvers category,” said Manning.

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Stewardship Code Net Zero Sustainable Investment Divestment 52

Edouard Stenger

MAY 24, 2017

As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. Part of this revolution is the meteoritic growth of green bonds, which were started in 2007 by the World Bank and the European Investment Bank. Of course, not all green bonds are necessarily green, or sustainable.

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Green Bonds Climate Change Banking Divestment 52

Chris Hall

DECEMBER 7, 2022

Increasing demand for sustainable products from bondholders prompted total issuance of green bonds to surpass US$2 trillion in September, according to the Climate Bonds initiative. . The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers.

Net Zero 52

Net Zero Green Bonds Climate Change Divestment 52

Chris Hall

FEBRUARY 27, 2023

The 13 which did not respond had their information completed by ShareAction based on publicly available information.

Divestment 52

Divestment Sustainable Investment Development 52

Chris Hall

MARCH 9, 2022

Sevva.ai, which ranks companies’ performance against UN Sustainable Development Goals (SDGs) globally, downgraded the overall ratings of stocks listed on the Moscow Stock Exchange to zero, on grounds that investing in the securities cannot be considered to be in line with UN SDGs.? “In ESG ratings platform?Sevva.ai,

Supply Chains 52

Supply Chains Supply Chain Net Zero Divestment 52

ESG Today

AUGUST 18, 2024

This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” (..)

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Divestment Banking Sustainable Investment Decarbonize 113

Chris Hall

FEBRUARY 11, 2022

In the UK, the Competition & Markets Authority (CMA) gave detailed guidance in January 2021 to businesses and trade associations on the treatment of sustainability agreements under UK competition law. Removing impediments.

Net Zero 97

Net Zero Climate Change Paris Agreement Divestment 97

Chris Hall

JULY 6, 2022

It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a net zero transition plan, which will ultimately help to decarbonise the global economy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .

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Net Zero Stewardship Code Paris Agreement Climate Change 52

Chris Hall

OCTOBER 10, 2024

Both were speaking at a panel session on putting net zero commitments into practice on the second day of the event, hosted by the UN-convened Principles for Responsible Investment (PRI) this week in Toronto, Canada. of CDPQ’s total C$452 billion (US$329.7 billion) in AUM.

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Net Zero Sustainable Investment Divestment Global Economy 64

Chris Hall

MAY 17, 2023

However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural Stewardship Summit , it became clear that many asset owners lack the resources necessary to fulfil their engagement ambitions.

Stewardship Code 52

Stewardship Code Net Zero Paris Agreement Divestment 52

Chris Hall

JANUARY 3, 2024

Paul Lee, Head of Stewardship and Sustainable Investment Strategy at investment consultancy Redington, says concerns that fiduciary duty may constrain investor action on climate change or indeed ESG risks more broadly are overstated.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

ESG Today

AUGUST 28, 2022

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Florida Bans ESG Investing in $228 Billion State Pension Funds. Texas Places BlackRock, Credit Suisse & UBS on Divestment List for “Boycotting” Fossil Fuel Companies in Anti-ESG Backlash.

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Supply Chains Supply Chain Net Zero Divestment 121