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
Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As with the financial divestment movement, there is a valid debate about whether engagement with high-carbon firms that are working to reduce their emissions is more effective than simply severing ties. Michael Holder. Mon, 11/30/2020 - 01:00.
In October, the annual PRI in Person conference kicked off in Toronto with opening remarks from Luke Gould, the CEO of Mackenzie Investments, a Canadian leader in responsible investing and the lead sponsor of the event. Sustainability is more than a buzz word. We buy and sell companies all the time for a variety of reasons, quite frankly.”
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. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .
Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. Eight years since the ParisAgreement was adopted, the energy transition remains “stuck”, according to Spaargaren.
Now they must wait to see how signatories to the ParisAgreement act on the commitments outlined in the official response to the Global Stocktake, as well as multiple other pledges announced across the two weeks before that final text was signed, sealed and gavelled. C are a degree of magnitude greater than at 1.5°C.
UK pension schemes will be required to demonstrate alignment with the ParisAgreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. Paris alignment. degrees Celsius.
For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else. Some companies may also need to tap into some form of government support.
The last act of the IPCC’s Sixth Assessment Cycle, which started in 2015, the summary will outline our progress, or otherwise, in fulfilling the obligations of the ParisAgreement. More policy action is promised, later this month, in an event dubbed ‘ Green Day ’. In Canada and Europe, the emphasis is on transition.
The 2015 ParisAgreement (COP21) also played a key role in highlighting the significance of climate issues, he says; it was evident that many private players, including corporates and investors were striving to enhance their climate commitments leading up to the event. The Church Commissioners, which manages the CoE’s £10.3
If the aim of restricting climate change to within the Paris-agreed 1.5°C 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.
Many of the communities dealing with this recent flooding have already had to deal with a range of cascading climate events in recent years. These investors know their members are experiencing extreme weather events themselves and want their money to be invested in line with the best climate science and a 1.5C
Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the ParisAgreement. Car manufacturer Toyota is facing (..)
Climate risk and resilience are largely modeled by insurance companies, looking at how a company’s assets may be affected by rising sea levels, extreme heat, increasing natural disasters and other future climate events as climate change worsens. They need to showcase they are having a positive impact on the climate as well,” said Free.
As with virtually all gatherings of the climate community during the COVID age, this year’s Climate Week was convened as an online event — one hosted from more than 20 countries across myriad time zones rather than its usual host city of New York. . The intention is to align its portfolio with the goals of the ParisAgreement.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.
The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the ParisAgreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. In a first-of-its-kind lawsuit in the U.S.,
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