ESG Today

JANUARY 4, 2023

JPMorgan Chase, BlackRock and Citigroup were among a list of financial companies informed that they face potential divestment by Kentucky state government entities unless they stop “boycotting energy companies,” according to a statement released Tuesday by Kentucky State Treasurer Allison Ball.

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GreenBiz

FEBRUARY 9, 2021

And citizens and consumers will have the kind of granular information they need to more effectively target the decision-makers and brands standing in the way of a sustainable future. Sustainable investments should grow as divestment from carbon-intensive industries intensifies.

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Chris Hall

FEBRUARY 11, 2022

Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve net zero and other sustainability objectives, according to competition lawyers. Competition barriers to collective sustainability initiatives by investors expected to be lowered.

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ESG Today

AUGUST 25, 2022

Claims ESG investors “push a social and political agenda shrouded in secrecy” Investment and finance giants BlackRock, Credit Suisse and UBS are among a list of ten financial companies published by Texas as subject to potential divestment for boycotting energy companies. Texas is the largest net energy supplier in the U.S.,

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Chris Hall

JANUARY 3, 2024

C, and investee companies are not yet facing full scrutiny of their net zero 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 net zero aligned by 2030.

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ESG Today

JANUARY 29, 2024

Texas Attorney General Ken Paxton announced that the state has banned UK-based bank Barclays from participating as an underwriter in Texas’ municipal bond market, following the company’s failure to respond to requests for information over its ESG policies. Texas is the largest net energy supplier in the U.S.,

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3BL Media

SEPTEMBER 28, 2022

It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. As climate data becomes more democratized, it will provide a better understanding of which ESG initiatives aid progress toward a net-zero world. trillion, even more investment is needed.

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Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. Blanket divestment is not the best way to maximise returns without undue risk of loss. Whole economy transition.

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Chris Hall

OCTOBER 22, 2024

This is according to a study by global asset manager Invesco and Sweden’s fourth national pension fund, AP4, who recently partnered up to explore the road to net zero for institutional investors. It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We

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Chris Hall

MAY 6, 2022

Similarly, Accenture has found – as exemplified by assessing the 1,000+ largest listed European companies – that the vast majority are not on track to hit their net zero climate goals. Reaching net zero. Still however, there is no standardisation on how to evaluate and validate forthcoming targets.

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Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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ESG Today

NOVEMBER 7, 2022

In August, 19 Attorneys General signed a letter accusing investment manager BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-net zero agenda for following a “social purpose” not aligned with a focus on financial returns. Click here to access the letter.

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Chris Hall

MAY 27, 2022

Achieved through marginal changes in portfolio allocations and the opportunistic divestment of just a few stocks, such reductions can be used to present an unjustifiably favourable image of the environmental credentials of a portfolio. The post Divested Interests? We propose instead the use of a broader, forward-looking set of metrics.

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ESG Today

DECEMBER 19, 2023

In a statement announcing the launch of the lawsuit, Skrmetti said: “We allege that BlackRock’s inconsistent statements about its investment strategies deprived consumers of the ability to make an informed choice. who have accused the firm of following a social agenda, or of “boycotting” and working to harm energy companies.

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Chris Hall

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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3BL Media

SEPTEMBER 16, 2022

They have to ensure that sustainability considerations don’t just inform what they do, but that they drive corporate decision-making. Take the decision we took to launch our unique Green PremiumTM program in 2008 to provide more sustainable products and be transparent with environmental information with our customers.

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3BL Media

MARCH 25, 2024

dollar, (18) changes in tax laws or U.S. dollar, (18) changes in tax laws or U.S.

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Chris Hall

MAY 22, 2024

This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. It is a tool for evaluating risk in the portfolio and help us make informed decisions.”

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Chris Hall

MAY 17, 2023

The final step of escalation is divestment, with Aviva Investors stating it is “committed to full divestment of targeted companies that fail to meet its climate expectations”. Mirza Baig, Global Head of ESG Research and Stewardship at Aviva Investor, described divestment as the “ultimate sanction”. Wihlborn said.

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Chris Hall

APRIL 25, 2025

Examples include the weakening support from asset managers for ESG-related resolutions in recent proxy voting seasons, and the withdrawal of large US asset managers from Climate Action 100+ and the Net Zero Asset Managers initiative. There are areas where we feel we’re not getting enough information or clarity from Shell.

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Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

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Chris Hall

MARCH 31, 2023

Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.

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Chris Hall

MAY 13, 2022

To finance the sustainable revolution, we need to bring a faster net zero transition and reduced carbon leverage to the heart of our system,” he observed. The UK’s new Transition Plan Taskforce hit the ground running with a call for evidence to inform its mandate to draft guidelines for transition disclosures.

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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. In addition to divesting from oil, CDPQ plans to deepen its practice in the biodiversity space and expand the scope of its commitments in nature-positive themes.

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Chris Hall

MARCH 10, 2022

“These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.

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Chris Hall

OCTOBER 6, 2022

Investors continue to suffer from poor-quality climate-related information in company reports and other statements, particularly from firms with the highest CO2 emissions. Only eight, or 6%, received ‘partial’ scores by providing all the information required by the CAAA methodology for at least one of the seven metrics used to assess them.

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Chris Hall

MARCH 17, 2023

A selection of this week’s major stories impacting ESG investors, in five easy pieces. Investors and policymakers signalled mixed progress in their support for net zero transition this week, ahead of a critical report from scientists. In Canada and Europe, the emphasis is on transition.

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Chris Hall

MAY 19, 2022

A new report by UK-based NGO ShareAction has highlighted inconsistencies in how 60 assessed CA100+ asset owner and manager members have been reporting on their engagement activities with companies, noting a wide spectrum in the quality of information disclosed and overall transparency. . Staggered progress .

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Chris Hall

APRIL 14, 2023

trillion in AuM that have committed to transitioning their investment to achieve net zero portfolio GHG emissions by 2050 and drawing on the Net Zero Investment Framework to deliver on that commitment.

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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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Chris Hall

AUGUST 4, 2023

Patrick Peura , Co-lead of Engagement at the Net Zero Asset Owner Alliance , says coll aborative engagement needs to adapt to survive and thrive. Net zero targets and portfolio decarbonisation have been the test bed for collaborative engagement among asset owners, with encouraging but mixed results. billion (US$4.1

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Chris Hall

JUNE 14, 2023

1 campaign has changed that, he argues. Exxon has since set a number of targets, including net zero greenhouse gas (GHG) emissions for its operated unconventional assets in the Permian Basin by 2030.

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Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. As part of its climate engagement work, Border to Coast has also committed to ensuring a just transition.

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Chris Hall

APRIL 19, 2024

The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the net zero transition.

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Chris Hall

JUNE 23, 2023

CA100+ centres if attention on companies that are key to driving the global net zero transition, with its focus list comprised of 171 companies, with a total market capitalisation of US$10.3 Net Zero Company Benchmark 2.0 A core component of phase two of CA100+ is the evolution of its Net Zero Company Benchmark.

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Chris Hall

DECEMBER 7, 2022

As the climate crisis has worsened, pressure on publicly-listed companies to make net zero commitments and transition to low-carbon operations and products has intensified. The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers.

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Chris Hall

APRIL 21, 2023

Averting this cataclysm requires the reduction of global anthropogenic greenhouse (GHG) emissions to net zero by 2050. Balancing act The road to net zero is inextricably linked to the phasing out of fossil fuels. The transformation of the global economy will take US $9.2 trillion in annual average spending , US$3.5

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