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Reports released on COP29 ’s Finance Day by the Global SustainableInvestment Alliance (GSIA) and Taskforce on Net Zero Policy have highlighted the significant obstacles that continued policy gaps pose for investors and companies. C temperature pathway.
On a panel discussing Climate Engagement Canada – an initiative to foster dialogue between finance and industry for a just transition to a net-zero economy – TD Asset Management’s managing director, Priti Shokeen, said that her team now expects portfolio companies to make sustainability disclosures.
DESCRIPTION: What is it about an investable product – a mutual fund, an exchange traded fund (ETF) –that would qualify it as an “ESG,” “green” or “sustainable” investment offering to retail or institutional investors? That’s a question getting much more attention recently.
These proposals confirmed concerns that the envisaged measures were not limited to simplifying existing and incoming EU corporate sustainability reporting requirements, but were instead aimed at significantly scaling back the measures in their application and scope.
The right to engage Sophie Demaré, SustainabilityInvestment Analyst for Fixed Income at Federated Hermes, echoes these sentiments. It is important to do your homework and gather information about whether the company and bond is an attractive investment with attractive risk-adjusted, long-term returns.
By transparently disclosing climate risks and demonstrating proactive management strategies, businesses can strengthen their reputations, attract sustainableinvestments, and foster long-term relationships with key stakeholders. C by the end of the century, aligning with the aspirational goal of the ParisAgreement.
Transition risk is a particular concern, with institutional investors scrutinising the plans of portfolio firms for credible efforts to align with the ParisAgreement. The post Candriam Captures the Long and the Short of SustainableInvesting appeared first on ESG Investor.
UK ad regulator the Advertising Standards Authority (ASA) ruled Thursday that ads by HSBC highlighting the bank’s climate-focused actions were misleading, as they omitted information about HSBC’s continued financing activities for emissions-intensive industries and businesses.
However, the opportunities for improvement and innovation in this area are substantial and can lead to enhanced relationships with stakeholders, improved regulatory compliance, and increased attractiveness to investors looking for sustainableinvestment opportunities.
The UK Government should also adopt a SustainableInvestment Taxonomy or SustainableInvestment Hierarchy approach to inform and guide all public sector investment and procurement decisions. To achieve that goal, three quarters of our electricity will need to be sourced from clean energy.
—such as California’s corporate climate disclosure laws and the Inflation Reduction Act of 2022, which is already delivering hundreds of thousands of new jobs and sustainableinvestments across the country—there is much more that needs to be done to limit global temperature rise and achieve a net zero emissions economy by 2050.
by Hank Boerner – Chair & Chief Strategist – G&A Institute What is it about an investable product – a mutual fund, an exchange traded fund (ETF) – that would qualify it as an “ESG” or “sustainableinvestment” offering to the retail or institutional investor? Only about 12% were on track to meet Paris goals.
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. Still, no fund can ignore climate impacts.
times more equity value in fossil fuel production companies (US$880 billion) than in green investments (US$309 billion). Analysing US$16.4 trillion of the assessed asset managers’ equity fund portfolios, the report found that managers hold 2.8 Japan’s Mitsubishi UFJ’s portfolio was the most misaligned globally.
CalSTRS SustainableInvestment Director Kirsty Jenkinson talks about taking a hard line on companies failing to disclose emissions properly and treating proxy voting as seriously as portfolio investments. We’ll continue to do that this year, because we feel directors are our representatives on the board.
The new platform seeks to provide inputs to investors that can support their engagements with high-emitting companies, as well informing capital allocation. “If The initiative also noted the majority of these companies were not moving sufficiently fast to align with the goals of the ParisAgreement and reduce risks to investors.
InfluenceMap’s data also shows that companies with worse grades and greatest misalignment with the objectives of the ParisAgreement have higher levels of engagement intensity. Both of these companies have a C+ performance band scores, which indicates mixed alignment with the ParisAgreement. .
SUMMARY: Aligned With the ParisAgreement and Approved by the Science Based Targets Initiative (SBTi), JetBlue Commits to Reduce Jet Fuel Emissions 50% Per Revenue Tonne Kilometer by 2035 From 2019 Levels. For more information and the best fares, visit jetblue.com. SOURCE: JetBlue Airways. Media Contact. corpcomm@jetblue.com. [1]
SFDR Level 1 requires asset management companies to provide information about their investments’ ESG risks and also their impact on society and the environment. It lays down sustainability disclosure obligations for manufacturers of financial products and financial advisers toward end-investors.
Now they must wait to see how signatories to the ParisAgreement 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.
It is a tool for evaluating risk in the portfolio and help us make informed decisions.” It’s also a sellable GHG product for oil and gas firms. The post Options Still Open for Fossil Fuel Engagement appeared first on ESG Investor.
Institutional investors are increasingly attracted to climate-focused passive investment vehicles as a systematic and cost-effective way of transitioning their portfolios to net zero. . Recently, passive products that are ‘Paris-aligned’ – meaning they are decarbonising in line with a 1.5-2°C Window shopping .
Asset owners should track their contributions to climate change mitigation by calculating the green investment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). .
“To deliver their own plans effectively, companies need clear and coherent policy settings, as well as understanding the direction of the economy and how that flows from international agreements – most notably the ParisAgreement,” he explained. Some companies may also need to tap into some form of government support.
Last weekend (9-10 December) saw a host of events dedicated to nature, land use, oceans and food systems, including a high-level plenary discussion on “the importance of action on nature in delivering the goals of the ParisAgreement”. Finding investible projects can be a challenge.
ESG Investor’s weekly round-up of new hires in the sustainableinvesting sector, including AustralianSuper, Morningstar, Tikehau Capital, Oak Hill Advisors and Guinness Global Investors. . The unit aims to support the goals of the ParisAgreement by providing equity capital to companies focused on energy transition.
Industry experts have stressed the need for simplicity and clarity around Europe’s ESG fund labelling, as the European Commission’s Sustainable Finance Disclosure Regulation (SFDR) consultation deadline looms.
Its communication on a ‘ competition policy fit for new challenges ’ promised “guidance and legal certainty to enable cooperation” in pursuit of sustainability, within updates to its horizontal block exemption rules. Removing impediments.
GFANZ guidance expected to expand transition-informed indexes, while EUs Platform on Sustainable Finance deepens scope of transition focus. As such, GFANZ proposed three categories of transition-informed indexes. Transition-engaged indexes would include companies in development, as well as those aligning to net zero.
As responsible investors search for the most sustainable companies to back, the outcomes of these debates could not be more important for global efforts to rapidly cut emissions. Since the 2015 ParisAgreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets.
trillion annually, has attracted just US$13 billion in sustainableinvestment during the past decade. This explainer looks at the calls for a ‘sustainable blue economy’ and the role investors can play. We can learn from the ParisAgreement process and move fast on ocean plastics. What is the scale of the problem?
Consistent data on sovereign climate risks is crucial, says Victoria Barron, ASCOR Chair and Head of SustainableInvestment, BT Pension Scheme. All countries must have a physical risk report and analysis as part of the ParisAgreement, but they all vary. billion at the end of 2020. Data-gathering challenges.
The primary outcomes of this year’s COP include: 1) the ParisAgreement Work Programme (PAWP); 2) the Talanoa Dialogue; and 3) the Pre-2020 action and ambition. More information can be found here. More information on the event can be found here. SDSN is especially grateful to Enel , for its support of the event.
Management of nature-related risks, impacts and dependencies could soon become central to asset owners’ sustainableinvestment strategies. From Paris to Kunming. The 2015 ParisAgreement set a single goal, of keeping climate change to 2°C above pre-industrial levels, albeit modified in 2018 to 1.5°C Article 2.1.c
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including FTSE Russell, BondLink, Moody’s, Intercontinental Exchange and more. . Green bond designations represent the majority of ESG municipal issuance, accounting for US$19 billion of par volume or 43.6%
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on SustainableInvestment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
Shenzhen, home to six of the asset managers covered in the survey, stood out as a progressive jurisdiction where financial institutions are required to disclose environmental information, Yuan said. Of the 16 asset managers covered in Greenpeace’s survey, all but one are signatories of the UN Principles of Responsible Investment (UN PRI).
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including NatureAlpha, Verdantix, Solactive, Minerva Analytics, Euronext, Joulea, and Clarity AI. C goal of the ParisAgreement. index looks to respond to the growing demand for sustainableinvestment tools.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including OS-Climate, CIPFA, Isio, ICE, Urgentum and Banca March. . The Climate Portfolio Alignment Tool will aid stakeholders in aligning portfolios at individual holdings and loan levels with the ParisAgreement temperature increase.
Those responsible for allocating private sector capital have a “significant role” to play in addressing biodiversity loss, said sustainability focused Impax Asset Management. However, investors seeking to avoid harming nature often lack the information and the tools for effective risk management.
Through SIPs, trustees with 100 or more members are now expected to publicly state their – or their external managers’ – engagement policy and priorities, and explain in detail how they steward their sustainableinvestments. Trustees can then use this information to prioritise specific companies for engagement. . “We
Combined, these trends promise to form what Goldman Sachs described as a “virtuous cycle” that has developed in Europe, in which increased ESG fund labelling requirements trigger greater inflows, which prompts wider taxonomy adoption, which attracts more investment, and so on. . “A
Sustainableinvestment experts predicted an even greater emphasis by investors on public policy, at a recent roundtable held by S&P Global Sustainable1 and ESG Investor. First, our roundtable participants surveyed the existing regulatory landscape for sustainableinvesting. Positive trajectory. Beyond disclosure.
ESG Investor’s weekly round-up of news on technology and tools in the sustainableinvesting sector, including S&P DJI, Impact Cubed, Apex, Sweep, K2 Integrity, RepRisk, ICE, and Confluence. . Index provider S&P Dow Jones Indices (S&P DJI) has launched the iBoxx EUR Corporates Net Zero 2050 Paris-Aligned ESG Index.
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