Remove Divestment Remove Global Economy Remove Sustainable Investment
article thumbnail

More Ambition Needed from AMs on Fossil Fuels

Chris Hall

While the non-profit acknowledged that economic prosperity is linked to energy access, it argued that transitioning the global economy doesn’t hinge on demand being met, but rather on how it is met.

article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

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 114
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

An Integrated Transition

Chris Hall

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle.

article thumbnail

Let the Climate Finance Flow

Chris Hall

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. Engagement ring. Demanding data.

article thumbnail

Trustees to Engage with Future

Chris Hall

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). .

article thumbnail

Investors Told to Embed Sustainability at PRI Event

Chris Hall

Earlier this year , a benchmark study warned that several Canadian pension schemes have fallen behind global climate transition progress. However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5%

article thumbnail

Transition in Practice

Chris Hall

In its latest synthesis report , the Intergovernmental Panel on Climate Change (IPCC) issued a “final warning”, calling for swift and decisive action to keep global average temperature rise to <1.5°C Averting this cataclysm requires the reduction of global anthropogenic greenhouse (GHG) emissions to net zero by 2050.