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All Systems go for Net Zero

Chris Hall

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. Some managers might not cover Scope 3 emissions,” he notes.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

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 Financial institutions have a major role to play in decarbonising the economy toward net zero over the coming three decades.

Net Zero 147
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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future. The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030.

Net Zero 332
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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

Canada ’ s big banks, pension funds and insurance companies are members of the Glasgow Financial Alliance for Net Zero (GFANZ), under which they have committed to bring their investment and lending practices in line with a net-zero economy by 2050. Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361
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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

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.

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Energy Giants Come Under Shareholder Pressure on Emissions

Chris Hall

The company has previously come under pressure from shareholders to improve its performance on Paris Agreement alignment. Investors applaud this leadership in expanding net zero targets to fully account for material Scope 3 emissions,” said Daniel Stewart, Energy Program Manager of As You Sow. US shareholder action.

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Guest Post: Why Governments Must Encourage More Investment in Green Infrastructure, Now!

ESG Today

By: Chris Lewis, Global Infrastructure Leader at EY At COP27 in November last year, there was an overwhelming consensus that the target of lowering global temperatures by 1.5 ° C – as outlined in the historic Paris Agreement – is now at risk of not being met, unless the world acts now.