3BL Media

SEPTEMBER 29, 2023

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable. However, greater action is required to fully realise this.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

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.

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Corporate Knights

OCTOBER 7, 2024

The second aim states that signatories should achieve net-zero emissions from electricity consumption by 2030. Is Bitcoin the next stranded asset? Recent developments in technology suggest the industry has started putting plans into action, with the appearance of sustainable tools and infrastructures. But there's a catch.

Decarbonize 279

Decarbonize Stranded Assets Green Bonds Net Zero 279

Chris Hall

JANUARY 27, 2025

Alongside stranded asset dangers for investors, the early phase-out of emerging markets coal fleets leaves countries open to legal, financial risks. The International Energy Agency has said the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net zero by the mid-century.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Banking 52

Chris Hall

NOVEMBER 1, 2024

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. The new government must rectify this and produce a detailed, complete programme showing how it will reach net zero by 2050,” he advised. It’ll be a mess.”

Climate Change 81

Climate Change Net Zero Stranded Assets Paris Agreement 81

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

Net Zero 52

Net Zero Paris Agreement Divestment Stranded Assets 52

Corporate Knights

JANUARY 25, 2023

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045).

Climate Change 318

Climate Change Net Zero Stranded Assets Shipping 318

Chris Hall

OCTOBER 28, 2022

Orderly path to net zero requires social and natural dimensions to be built into transition plans. . Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . Building blocks . Building blocks .

Net Zero 98

Net Zero Stranded Assets Banking Development 98

3BL Media

DECEMBER 9, 2023

This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to net zero by 2050 while assuring long-term financial results for its pensioners.

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

3BL Media

MAY 17, 2022

The financial system is increasingly seen as crucial to averting such a scenario – not only to shift toward green investments, like renewable energy, but also to reallocate capital from fossil fuel-related investments to be consistent with net-zero goals. Today, we need three to six times more investment to maintain a livable climate.

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chains 130

Environmental Finance

MAY 14, 2024

"Considerable economic disruption" from policies to support the transition to net zero is likely, feeding inflation in the near term and raising the risk of stranded assets and asset bubbles, according to research by Pictet Asset Management and the Institute of International Finance (IIF).

Stranded Assets 45

Stranded Assets Net Zero 45

ESG Today

MARCH 14, 2024

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

Net Zero 94

Net Zero Stranded Assets Paris Agreement Climate Change 94

Chris Hall

FEBRUARY 3, 2023

Research by the International Energy Agency (IEA) shows that a major push on energy efficiency could save the equivalent of China’s annual energy usage, as well as 33% of the total additional net zero emission reductions required by 2030. It is also a positive stimulator of growth.”

Net Zero 98

Net Zero Stranded Assets Banking Development 98

ESG Today

MAY 7, 2024

Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%. Additionally, both CEOs (75%) and investors (70%) broadly agree that technology and AI hold the answers to many of the key sustainability challenges facing their companies.

Stranded Assets 115

Stranded Assets Decarbonize Net Zero Greenwashing 115

Chris Hall

SEPTEMBER 13, 2023

The UK’s net zero transition depends on huge amounts of private capital that can only be unlocked through climate policy certainty. According to the CCC report, the UK will continue to need some oil and gas fields until it reaches net zero, but this “does not in itself justify the development of new North Sea fields”.

Net Zero 89

Net Zero Climate Change Stranded Assets Green Investing 89

Chris Hall

MAY 12, 2022

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. Carney was speaking at the Net Zero Delivery Summit, organised by the City of London Corporation, in association with COP26 Presidency UK and GFANZ. C net zero transition.

Stranded Assets 52

Stranded Assets Net Zero COP26 Banking 52

ESG Today

JANUARY 25, 2023

Build more investor confidence in green infrastructure projects The greatest fear that many investors have around investing in green infrastructure projects is that they become “stranded assets.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear.

Stranded Assets 93

Stranded Assets Paris Agreement Net Zero Supply Chains 93

Chris Hall

OCTOBER 17, 2024

Embodied carbon identified in latest GRESB real estate benchmark results as major gap in net zero plans. Schroders, Man Group and Resonance were named as asset managers backing the government’s ambition to increase access to social and environmentally sustainable housing, as well as providing support for the homeless.

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Embodied Carbon Net Zero Stranded Assets Zero Carbon 59

ESG Today

JANUARY 8, 2024

In his letter, however, Skidmore, while acknowledging “a role for oil and gas in the transition to net zero,” notes that the IEA and UNCCC have said that reaching net zero by 2050 and limiting temperature rise to 1.5C

Net Zero 69

Net Zero Stranded Assets Waste 69

Chris Hall

APRIL 13, 2022

CME Energy, a US-based utility company, has agreed to expand the scope of its net zero GHG emissions commitment to include its natural gas production and delivery system by 2050, in response to a shareholder proposal filed by the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. Pressure on Amazon.

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Paris Agreement Net Zero Greenhouse Gas Protocol Stranded Assets 98

Chris Hall

SEPTEMBER 13, 2024

Such outcomes help high-emitting companies to avoid stranded assets and greater transition risks, and help reduce emissions that will lead to enormous sustained losses to the global economy and investment returns (without action, research from BlackRock estimates a 25% loss in global economy output in the next two decades).

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Global Economy Stranded Assets Net Zero Greenwashing 84

3BL Media

AUGUST 23, 2022

When planning phases span decades, it is important to avoid the consequences of getting locked into path dependency or stranded assets by having a clear understanding of technology maturity and cost. “Decarbonisation strategies require the long view.

Stranded Assets 100

Stranded Assets Net Zero Development 100

Corporate Knights

MARCH 20, 2023

Delaying those actions “would lock in high-emissions infrastructure, raise risks of stranded assets and cost escalation, reduce feasibility, and increase losses and damages.” But some meeting participants warned that those delays are baked into the process by some of the key assumptions in the IPCC’s modelling. Overshooting 1.5°C

Climate Change 288

Climate Change Stranded Assets Decarbonize Paris Agreement 288

Chris Hall

JANUARY 30, 2024

Successful litigation forcing companies to recognise stranded assets, accelerate their net zero transition, or pay damages for their contribution to environmental and human rights harms could pose significant financial shocks in some industries, with investors paying the price.”

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Chris Hall

AUGUST 23, 2023

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve net zero greenhouse gas (GHG) emissions by or around 2050.

Shipping 81

Shipping Net Zero Stranded Assets Development 81

Chris Hall

JUNE 21, 2023

billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on stranded assets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.

Banking 97

Banking Net Zero Stranded Assets Climate Change 97

ESG Today

JULY 25, 2023

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

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Stranded Assets Net Zero Clean Technology Global Economy 73

Chris Hall

MARCH 31, 2023

We are especially encouraged by the steady maturing of the carbon credit markets, the upswing in corporate venture philanthropy towards net zero and nature positive supply chains, and the diversity of the discussions around nature-based solutions and bio credits.

Net Zero 98

Net Zero Supply Chains Supply Chain Stranded Assets 98

Chris Hall

FEBRUARY 11, 2022

If you’re struggling to work out whether big oil is serious about reducing carbon emissions in line with net zero 2050 targets, you’re in good company. The UK firm’s updated net zero strategy was hailed by some as a blueprint for the industry, and was welcomed by major investors. But how can you be sure?

Net Zero 52

Net Zero Supply Chains Supply Chain Stranded Assets 52

3BL Media

AUGUST 8, 2022

Investing in resilience to avoid stranded assets through analyzing and mitigating ESG risks, and then transparently disclosing those risks and actions, is a clear way that real estate owners and managers can demonstrate to investors that they are prepared for the future.

CDP 130

CDP Stranded Assets Integrated Reporting Climate Change 130

Chris Hall

FEBRUARY 16, 2023

The firm holds an A+ score from the Principles for Responsible Investment investor network, and was one of the founding signatories to the Net Zero Asset Managers initiative. Mitchell said: “It’s really important that both approaches are taken in the context of sustainable investing.

Green Bonds 52

Green Bonds Net Zero Stranded Assets Paris Agreement 52

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

We Mean Business Coalition

NOVEMBER 8, 2022

As an example of the scale we are talking about, t he Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero, represents over $130 trillion of private capital. . This means disclosing opportunities and risks. What are the barriers to action?

Net Zero 52

Net Zero Stranded Assets COP26 Greenwashing 52

Chris Hall

JUNE 23, 2022

The report warns that fossil fuel demand will peak as government policies to cut emissions, asset owners’ net-zero commitments and the rapid growth of clean energy technologies combine to transition the economy towards renewables. This is especially important now as fossil fuel prices and related company stocks soar.” .

Net Zero 40

Net Zero Stranded Assets Paris Agreement Divestment 40

Chris Hall

JANUARY 30, 2024

Successful litigation forcing companies to recognise stranded assets, accelerate their net zero transition, or pay damages for their contribution to environmental and human rights harms could pose significant financial shocks in some industries, with investors paying the price.”

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Envirotec Magazine

SEPTEMBER 17, 2021

This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit. The full knowledge brief is available here.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52