Chris Hall

JANUARY 23, 2024

trillion) in AUM co-filed a climate resolution at Shell, calling for the European oil and gas major to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement. Earlier this month, 27 institutional investors with €4 trillion (US$4.6 Hold or fold? Nest also views climate change as a systemic risk.

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Divestment Paris Agreement Net Zero Climate Change 72

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. Eight years since the Paris Agreement was adopted, the energy transition remains “stuck”, according to Spaargaren.

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Divestment Paris Agreement Climate Change Net Zero 59

ESG Today

FEBRUARY 16, 2024

Global asset manager AXA Investment Managers (AXA IM) announced today that it has updated its corporate governance & voting policy with more stringent ESG expectations for companies, including a pledge to target high emissions companies lobbying against the goals of the Paris Agreement.

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Paris Agreement Divestment Net Zero 98

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. There is value in engagement, provided it happens over a defined period and there are defined outcomes.

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Divestment Paris Agreement Stranded Assets Net Zero 89

Chris Hall

MARCH 27, 2024

They called for the company to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement and take more ownership of its Scope 3 emissions. “Shell’s updated strategy has moved the company even further away from Paris Alignment,” says Van Baal. The ball is now in the investors’ court. “But

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Paris Agreement Climate Change Divestment Banking 133

GreenBiz

OCTOBER 13, 2020

health insurers are all invested in the fossil fuel industry" and will call on insurers to divest from these companies, calling them "the greatest threat to human health.". For the first time, those organizations have the opportunity to verify their emissions reduction plans against the goals of the Paris Agreement.

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Climate Change Paris Agreement Banking Divestment 474

Chris Hall

FEBRUARY 16, 2022

Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C

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Divestment Paris Agreement COP26 Net Zero 52

Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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Divestment Paris Agreement UNEP Supply Chains 52

Chris Hall

APRIL 25, 2022

Aligning investment portfolios with the goals of the Paris Agreement requires engagement with the real economy, said Claudia Bolli, Head of Responsible Investing, Swiss Re. Alignment is not just about divestment, said Bolli, but about a “collaborative mindset” that uses engagement to steer investee companies on the right path. .

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Net Zero Divestment Paris Agreement Stranded Assets 52

3BL Media

SEPTEMBER 29, 2023

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 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

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Net Zero Divestment Banking Stranded Assets 147

Chris Hall

JUNE 2, 2023

The active investment mandate will identify and invest in companies considered laggards in their climate-related progress, but which have the potential to align with the goals of the Paris Agreement.

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Divestment Paris Agreement 98

Chris Hall

JANUARY 3, 2024

Now they must wait to see how signatories to the Paris Agreement 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 has not lessened; if anything, it has increased,” he says.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

AUGUST 8, 2024

Divest or wind down? With the expansion of the coal portfolio comes an opportunity for Glencore to provide investors with a credible plan to responsibly wind down its coal assets in line with the Paris Agreement.” The company said it would continue the “responsible decline of its thermal coal operations over time”.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

MARCH 10, 2022

UK pension schemes will be required to demonstrate alignment with the Paris Agreement 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.

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Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

SEPTEMBER 18, 2023

Research will span the introduction of the Paris Agreement in 2016 to the conclusion of the 2023 proxy season, with the aim of comparing the voting patterns of asset owners and managers.

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Paris Agreement Climate Change Divestment Net Zero 59

Chris Hall

MAY 6, 2022

engagement, divestment & exclusions, climate solution financing, and (within) sector reallocation. Paris Aligned Investment Initiative. Examples of areas to prioritise and practices to follow: Science Based Targets. Timebound climate science–based targets built on forward-looking climate scenario analysis, with review commitments.

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Net Zero Paris Agreement Divestment Climate Change 52

Chris Hall

JULY 14, 2023

In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2

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Net Zero Divestment Paris Agreement Stranded Assets 52

Corporate Knights

OCTOBER 25, 2024

Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community. Studies have shown that divesting really works, both to cause the stock prices of climate-damaging stocks to fall and to create additional financial value.

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Divestment Net Zero Decarbonize Paris Agreement 287

Chris Hall

APRIL 14, 2023

The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

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Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

NOVEMBER 4, 2022

Other states have passed or introduced legislation designed to divest from industries like fossil fuels. ESG states has passed or introduced laws requiring divestment from companies that “boycott” the fossil fuel industry. 4] Model legislation targets banks that divest from fossil fuel companies , ABC News (Dec.

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Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

MARCH 31, 2023

The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment. While at a corporate level firms might be decreasing their emissions, real economy emissions will increase as the assets continue to be run by a different party.

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Net Zero Paris Agreement Divestment 52

Chris Hall

MAY 27, 2022

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

JUNE 23, 2023

n December 2015, the world took a vital step in tackling climate change by adopting the Paris Agreement. Progress and limitations For some focus list companies, the failure to heed engagement efforts by investors to make good on their net zero commitments leaves them open to the threat of divestment.

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Net Zero Paris Agreement Climate Change Divestment 52

Chris Hall

JUNE 13, 2024

The net zero race The former MP also emphasised the importance of the Global Stocktake , and the development of new nationally determined contributions (NDCs) under the Paris Agreement, which need to be submitted by 2025 with detailed sectoral commitments. We need long-term support to move to an alternative [energy source].”

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Net Zero Divestment Supply Chains Supply Chain 89

Chris Hall

APRIL 19, 2024

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.

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Net Zero Paris Agreement Climate Change Banking 81

Chris Hall

JANUARY 31, 2023

In our progress report this year [following the new protocol], we hope to have deeper insights on emissions reductions that can be shared ahead of COP28 and the global stocktake of the Paris Agreement,” said Bolli. In 2022, NZAOA introduced a member-led process to review members’ published and report targets on an anonymised basis.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

MAY 16, 2024

“This lack of basic respect for human and environmental rights raises alarm bells about whether a just and sustainable energy transition is achievable,” Avan observed.

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Paris Agreement Divestment Development 84

Chris Hall

MAY 25, 2023

C pathway.” Despite ‘dark green’ investors divesting from Glencore, Narr remains encouraged by 24% of shareholders voting against Glencore’s climate plan at last year’s AGM which showed there was a “sizable minority that were not super happy with the climate report”.

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Net Zero Paris Agreement Divestment Digitalization 52

Chris Hall

OCTOBER 5, 2022

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 .

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Divestment Net Zero Paris Agreement Sustainable Investment 52

Chris Hall

MAY 5, 2023

Asset owners have been urged to “scrutinise” the investment practices of their managers, following new research highlighting that asset managers committed to net zero have billions invested in oil and gas companies failing to align with the goals of the Paris Agreement.

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Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

SEPTEMBER 7, 2023

The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement. But Carbon Tracker chose to exclude fully state-owned NOCs and companies based in Russia, describing them as “[firms] over which investors have little influence”.

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Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

NOVEMBER 30, 2023

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month.

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Net Zero Climate Change Paris Agreement Sustainable Investment 59

Chris Hall

JUNE 21, 2022

Data gaps shouldn’t prevent large pension schemes from beginning to measure and disclose the extent of portfolio alignment with the Paris Agreement, said the UK government following its consultation on climate and investment reporting.

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Paris Agreement Stewardship Code Climate Change Divestment 52

Chris Hall

MAY 31, 2024

A stronger possibility is that more investors choose to divest from Exxon, following continued examples of climate denial and obfuscating. A study published last year found that 63-83% of Exxon scientists’ climate models and peer-reviewed studies published between 1977 and 2014 accurately projected global warming.

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Climate Change Divestment Paris Agreement Value Creation 52

Chris Hall

JUNE 2, 2023

Perhaps more encouragingly, almost a fifth of shareholders voted in favour of resolutions calling on ExxonMobil and Shell to accurately disclose the role of asset transfers in their reported GHG emissions reductions, which would stop them claiming CO2 cuts from divestments.

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Paris Agreement Climate Change Divestment Supply Chains 52

Edouard Stenger

NOVEMBER 30, 2018

More recently, another study showed it had to be done in OECD nations to comply with the Paris Agreement targets. Ending fossil fuels subsidies and divesting away from coal will put the final nails in the coffin. A 2010 US study showed that stopping burning coal could be done by 2030 with renewables and energy efficiency.

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Divestment Paris Agreement Waste Banking 52

Chris Hall

FEBRUARY 9, 2024

This principle led the scheme to exit all holdings in upstream oil and gas majors by September last year, on the basis that such firms “ simply refuse ” to alter their course in a manner consistent with the goals of the Paris Agreement.

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Net Zero Paris Agreement Green Investing Climate Change 78