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Every company and every industry will be transformed by the transition to a netzero world.”. More than 1,000 companies have now committed to a net-zero-emission target in line with a 1.5°C To date, financial firms have pledged that more than US$130 trillion of assets will be net-zero by 2050. Source: CK) 1.
As Europe heads for an uncertain winter , the fossil fuel sector is piling it on black, with coal firms planning to increase thermal coal production by a third, OPEC+ hiking oil prices with a new production cut and the UK putting its netzero targets in jeopardy by offering new oil and gas licences.
Managers also reported applying fossil fuel divestmentscreens across US$1.2 Globally, managers with more than US$50 trillion have made netzero commitments via the NetZero Asset Managers’ initiative. Climate change was also the most important ESG issue for asset managers, addressed across US$3.4
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