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HSBC Asset Management announced the launch of the first vintage of its Global Transition Infrastructure Debt strategy, aimed at providing investors with opportunities to finance infrastructure assets facilitating the transition to netzero, in sectors such as clean power, energy efficiency and clean industry.
Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, 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 sustainableinvestment and lending practices.
11 young professionals on the future of sustainable finance. The Emerging Leaders program aims to foster a community of sustainability professionals that is diverse and representative of the world in which we live. Their creative thinking and perspective will help build more sustainable solutions for the future.".
While investors and companies are already setting netzero targets, laying out transition plans, and engaging with governments, more needs to be done to reduce methane emissions and reverse nature loss and water degradation across key sectors. The world is facing unprecedented impacts from a warming planet.
announced the launch of its new SustainableInvestments 2030 Strategy, aimed at accelerating its transition to a netzero emissions portfolio, and including a new pledge to invest $100 billion in climate solutions by 2030.
The regulatory changes and shifting market demands, as well as the opportunities to innovate and improve operational efficiencies that come with a globaleconomy shifting towards low-carbon technologies. Climate scenario analysis is a vital step in enhancing stakeholder confidence and trust. degrees Celsius by 2100.
Climate solutions - As extreme weather events increase, and the transition to a netzero globaleconomy picks up steam, Bloomberg is expanding its climate solutions to help corporate strategy, finance and policy professionals better identify, assess, manage and report climate risks and opportunities.
New offerings Engagement of portfolio companies is a key feature of these new investment management offerings, in contrast to the extant voting choice programmes, which only cover proxy voting.
But the sustainableinvesting boom has not been without growing pains. Asset managers are launching funds labelled as sustainable; firms are creating new roles to oversee sustainableinvestments; and a new crop of sustainability-minded startups are drawing large funding rounds.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA).
By: Bruno Sarda, TMT Climate Change & Sustainability Services Leader, Ernst & Young LLP Leaders from across the globe recently reconvened for the World Economic Forum’s 53rd annual meeting in Davos, Switzerland, and covered everything from the COVID-19 pandemic and the war in Ukraine, to the state of the globaleconomy and more.
Investors must now apply a double materiality perspective to their sustainableinvestment process to ensure real economy impacts, according to Louis Bromfield, Lead SustainableInvestment Associate at Foresight Capital Management. Infrastructure is the essential backbone to modern economies and societies.
Liudmila Strakodonskaya, Responsible Investment Analyst, AXA IM, said: "Nature protection is a challenge that needs to be addressed to preserve the existence of our societies and globaleconomies. Companies and investors must integrate nature and biodiversity considerations in their research, engagement and investment processes.
Natural capital provides the building blocks that enable ecosystem services—the positive benefits that societies and economies derive from nature—to sustain life and create wealth. Biodiversity is, quite simply, the world’s life support system, the foundation from which nearly all goods and services are produced.
Louis Bromfield, Lead SustainableInvestment Associate, Foresight Capital Management, identifies the changes needed for mining to play its part in the green transition. will also play an important role decarbonising the sector through their NetZero Mining services. The role of mining in the energy transition.
Late last year, the EU crumbled under the pressure of corporate lobbying and concerns from some member states when it announced the inclusion of gas in its taxonomy of environmentally sustainable activities through a complementary delegated act, as a “bridge technology” that is still needed to reach netzero emissions by 2050.
Copenhagen-based Kristensen will account for regional variations in effort to deepen direct institutional relationships with sustainability-focused manager. billion) across listed and private markets strategies, specialising in the investment opportunities arising from the transition to a more sustainableglobaleconomy.
While the non-profit acknowledged that economic prosperity is linked to energy access, it argued that transitioning the globaleconomy doesn’t hinge on demand being met, but rather on how it is met. There are signs that this trend is continuing through this [proxy] season,” Considine said. “We
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 netzero transition.
According to a recent Morningstar report , net deposits into Climate Transition fund have quadrupled over the past 18 months to US$5.8. Investments through the fund “supports them in their carbon reporting and achievement of their roadmap to reduce emissions,” she added.
Among investors, sustainableinvesting is evolving from negative screening toward engaging with companies. Impact investing is getting traction and, in 2022, reached 1.2 trillion in AUM, according to a report by the GlobalInvesting Network. Sustainability trends 2023: Net-Zero roadmaps.
Supporting resilience and just transition are as important as climate mitigation, says Lihuan Zhou, Associate at the World Resources Institute’s Sustainable Finance Center. Sustainableinvesting is a key part of curbing climate change, and the sector is showing some signs of progress. Going Beyond NetZero Emissions.
It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a netzero transition plan, which will ultimately help to decarbonise the globaleconomy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .
At COP26, the Glasgow Financial Alliance for NetZero ( 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 globaleconomy to net-zero greenhouse gas emissions. Demanding data.
ESG Investor’s weekly round-up of new hires in the sustainableinvesting sector, including OnePlanetCapital, Cardano Advisory, Marsh, Brown Advisory and Xpansiv. Anthony Chant has been appointed as Investment Director at OnePlanetCapital , the climate change focused early-stage venture capital fund.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Federated Hermes, SLM Partners, DIF, PGGM, MEAG and Future Planet Capital. . Global asset manager Federated Hermes has launched a Biodiversity Equity fund, with insights from the UK’s Natural History Museum.
With the globaleconomy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including Mediolanum, KBI Global Investors, Pictet Asset Management, Invesco, Nuveen, SWEN Capital Partners and SIS Ventures.
Over the last five years, the FTSE Environmental Opportunities All Share (EOAS) Index outperformed the FTSE Global All Cap by 5.9%. However, investment in the green economy must grow markedly faster in order to meet global climate targets, the report highlighted. Sectoral splits. Growth drivers.
Investment industry bodies have underscored the need for double materiality in response to the UK government’s consultation on non-financial reporting.
ESG Investor’s weekly round-up of news about funds designed to meet sustainableinvesting criteria, including HSBC AM, Invesco, BlackRock, Franklin Templeton, Janus Henderson and Mirova. . US investment manager Franklin Templeton has unveiled a new social-focused bond fund.
Corporate Knights Global 100 ranking of the worlds most sustainable firms, now in its 21st year, shows that the top firms continue to increase their investment in the green transition. Were finding that growth in sustainable revenues is outpacing all other revenues, says Toby Heaps, co-founder and CEO of Corporate Knights.
“It was very important to us that we linked the remuneration of everybody at Caisse de dépôt et placement de Québec (CDPQ) to achieving our climate targets – we are one of the first investors to do this,” said Bertrand Millot , the Canadian asset owner’s Head of Sustainability.
CPP Investments, the investment manager of the Canada Pension Plan, announced today the appointment of Richard Manley as Chief Sustainability Officer. Manley has been serving as Head of SustainableInvesting at CPP Investments, since joining the firm in 2019.
Averting this cataclysm requires the reduction of global anthropogenic greenhouse (GHG) emissions to netzero by 2050. The transformation of the globaleconomy will take US $9.2 Balancing act The road to netzero is inextricably linked to the phasing out of fossil fuels.
That loss would be a massive hit to the globaleconomy. Basically, nature positive is biodiversity’s netzero with a critical difference: While netzero is a destination, nature positive is a journey. This year, for the first time, a company was excluded from an investment fund on the basis of biodiversity.
trillion, even more investment is needed. It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. Lise Pretorius, Head of Sustainability Analysis at Matter, agreed with Free. Learn about the future of #climate investing from @Nasdaq: [link].
The letter, signed by BlackRock Head of External Affairs Dalia Blass, was sent in response to a letter from the Attorneys General sent in August accusing BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-netzero agenda, indicating “rampant violations” of its fiduciary duty to the states’ pension investors.
Firstly, the globaleconomy is in the midst of the clean energy transition, one of the biggest changes to an economic system since the second industrial revolution, which introduced mass production in the late 19 th and early 20 th century. Dynamic market expansion. EVs require 2.5
There’s something about getting stranded on a remote island that brings things into focus – and in the case of an October kayaking trip, points the way to getting to a net-zeroeconomy on time. While the die is cast on the direction of travel of our globaleconomy, we can speed it up. Around 4 a.m.,
This week, EU and US policymakers prepared for big shifts impacting sustainableinvestment, amid further evidence that climate risk is financial risk. Lobbyists and policymakers are gearing up to put flesh on the bones of the European Commissions plans to streamline the requirements of key sustainable finance policies.
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