This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As the warming climate drives up temperatures and ignites wildfires across many parts of the globe this summer, a new study shows some of the world’s largest asset management companies have some of the smallest net-zero targets for their portfolios. . trillion in assets, came last at 4% net-zero assets under management.
When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainableinvesting was called back then.
This strategy supports Entergys commitment to achieving net-zero emissions by 2050 and helps customers meet their own environmental goals through the use of low- and zero- carbon power. Climate strategy Entergy is committed to achieving net-zero emissions by 2050. Read the full report here.
Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
But with sustainability, there are reasons to be more forthcoming. Private companies are increasingly eager to report on their environmental, social and governance (ESG) performance and their sustainabilityinvestments amid the publics growing appetite for companies that are trying to be good corporate citizens.
DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and netzero for operations by 2030. SAN FRANCISCO, June 22, 2022 /3BL Media/ - Prologis (NYSE: PLD), the global leader in logistics real estate, today announced its commitment to achieve netzero emissions across its value chain by 2040.
By 2040, the company has pledged to reach net-zero emissions in its operations, which will expand in an effort to help the city reach its own net-zero goals. Toronto Hydro estimatesit will invest $10 billion in climate infrastructure across the city EV charging, equipment renewal, etc.
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainableinvestment labels, reduced SFDR (..)
Billion SustainableInvesting Mandate from SJP NetZero Investor Coalition Hits Pause After BlackRock Exit Exec Moves Mars Appoints Alastair Child as New Chief Sustainability Officer Barclays Head of Sustainability Steps Down Sodali Appoints Andrew Benett as New CEO
The results: the best investments of the past three to five years turn out to be the companies that jumped feet-first into the green economy. “As The numbers tell the story. Between January 1, 2019, and March 22, 2023, the value of the top quintile of the SEI grew 146%, compared to 47% for the MSCI ACWI.
The Government of Canada outlined a plan to develop a new sustainableinvestment 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,
The university will allocate 10% of its $4-billion endowment to sustainableinvestments by 2025 (the “invest” side of DivestInvest). s Net-Zero Asset Owner Alliance, a global group committed to setting increasingly stringent emission targets on the road to net-zero.
Among the key priorities outlined by the HKMA’s new agenda include directives for banks to reach netzero financed emissions by 2050 and to provide disclosures on climate risks and opportunities, and for the HKMA to incentivize sustainable finance innovation and to provide sustainable-financed training programs for finance professionals.
How can we transform our business model to become net-zero, regenerative, fair and equitable? but from the perspective of "How can we transform our business model to become net-zero, regenerative, fair and equitable?". His credo was: "To develop a complete mind: Study the science of art; study the art of science.
Multi-stakeholder dialogue seen as essential in unlocking capital for netzero solutions, as GSIA calls for development of national transition plans. Examples include reducing inefficient fossil fuel subsidies and driving investment to new low-carbon technologies, such as green hydrogen. C temperature pathway.
Standard Chartered announced today the appointment of former Credit Suisse Global Head of Sustainable Finance Dana Barsky as Global Head of Sustainability Strategy and NetZero. Barsky will be based in Singapore, and report to Group Chief Sustainability Officer Marisa Drew.
Ninety percent of the world has set a net-zero target. We should see so much more lobbying towards that,” said former environment minister Catherine McKenna, now chair of the UN’s High-Level Expert Group on the NetZero Emissions Commitments of Non-State Entities, at the InfluenceMap launch, hosted by Corporate Knights.
Shilpa Tiwari is executive vice-president of social impact and sustainability at Citizen Relations and the founder of Her Climb. In 2015, the United Nations established the SustainableDevelopment Goals (SDGs) – a blueprint of 17 ways to make the world a more just, inclusive and sustainable place.
Investment management firm Fidelity International announced today the expansion of its sustainability team with two new senior hires, including Phil Cliff, joining from M&G Investments, and Aaron Hay, from Federated Hermes, as Directors, SustainableInvesting.
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
The results: the best investments of the past three to five years turn out to be the companies that jumped feet-first into the green economy. “As The numbers tell the story. Between January 1, 2019, and March 22, 2023, the value of the top quintile of the SEI grew 146%, compared to 47% for the MSCI ACWI.
It would create a focal point to engage the private sector to contribute to current and future priorities and to further accelerate the private sector’s focus on sustainability. The Office of Sustainable Finance and Business would develop a national strategy for U.S. leadership in sustainable finance and business.
New figures showed that carbon emissions in 2022 fell to “significantly lower” than pre-pandemic levels in 2019, giving hope that Canada can meet its net-zero commitments. Crucially, the companies’ average sustainableinvestment (as a percentage of total investment) hit 58.9%
Billion to Climate Investment Strategies Franklin Templeton Launches Enhanced ESG, Reduced Carbon Footprint S&P 500 and World ETFs Robeco Launches Tool for Investors to Find Biodiversity Leaders and Underperformers
JetBlue’s most aggressive near-term emissions reduction target to-date, this science-based target aligns with the goals of the Paris Agreement and the growing airline’s own goal to reach netzero carbon emissions by 2040 – 10 years ahead of broader airline industry targets. Charting a path to netzero. Reducing Fuel Burn.
We will be focused not only on our corporate sustainability efforts, which include reducing the organization’s greenhouse gas emissions and enhancing our reporting infrastructure, but also expanding our stewardship and sustainableinvesting practices across our global investment portfolios.” . Major 2021 CSR Achievements.
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.
Global urbanization offers a time-limited opportunity to work towards widespread climate-resilient development and transformational adaptation. A significant majority of the world’s major cities have committed for all new buildings to be netzero by 2030 and all buildings to be netzero by 2050.
Investment management firm Fidelity International announced today a new focused sustainableinvestment approach, targeting four systemic themes, including nature loss, climate change, strong and effective governance, and social disparities, which will drive the firm’s engagement approach towards influencing positive change.
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 sustainableinvestment and lending practices.
A netzero-focused investing ecosystem requires flexibility in thinking, not dogmatic views. Shared beliefs and challenges Concern about global warming and belief in the importance of netzero was consistent among participants in the research. billion to US$5.97
BlackRock Global Head of SustainableInvesting Paul Bodnar announced that he will be departing the firm, to join the Bezos Earth Fund. BlackRock has changed the way the financial sector thinks about sustainability. The fund has provided over 100 grants to date, allocating more than $1.6
Competition barriers to collective sustainability initiatives by investors expected to be lowered. Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve netzero and other sustainability objectives, according to competition lawyers.
In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. That compares with sustainableinvestments at a paltry 17% among the broader universe of publicly traded companies with more than US$1 billion in annual revenue.
Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European SustainableInvestment Forum, Europes umbrella network for sustainable finance, in a press release.
Signals of change in the netzero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. It aims to spend the next six months exploring the challenges related to HGV decarbonization and co-developing potential solutions. million Series A funding round. “We
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 sustainableinvestment as their objective.”
Spotlight blog by members of SDSN USA Normal 0 false false false EN-US X-NONE X-NONE The corporate world has shown tremendous enthusiasm in pledging to achieve net-zero emissions. With a new major company joining the list almost daily, net-zero has become a new benchmark for corporate climate leadership. It will not!
The real question is, are the world’s banks ready to fund the development of renewable technologies at scale, and updating all the infrastructure in between? However, there is always room for improvement, even among these leaders, and especially when it comes to disclosing specifics in their sustainable financing commitments.
The standard setter emphasises internal decarbonisation, action-based targets as part of revamped netzero standard for corporates. Wyburd said that while carbon credits and removals can support the path to netzero, they must never be a substitute for internal decarbonisation.
In a 2023 report, the International Energy Agency (IEA) estimates that to meet net-zero goals, electricity’s share of total energy demand needs to double between now and 2030 to accommodate the electrification of transportation, building heat, industrial processes, agriculture and information technology.
C, and investee companies are not yet facing full scrutiny of their netzero 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 netzero aligned by 2030.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. KLA Commits to Cut Emissions in Half by 2030, Reach NetZero by 2050. HH Global Ramps 2040 NetZero Goal to 90% Emissions Reduction. ESG Investing. Sustainable Finance.
Sustainableinvestment opportunities and risks are slowly beginning to emerge as Europe outlines its plans to rearm. But some called for a more fundamental reboot of investment in European innovation especially in clean technologies to pursue trajectories that are compatible with its climate transition targets.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content