article thumbnail

UK AOs Probe Misalignment After Failed Fossil Fuel Votes

Chris Hall

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.

article thumbnail

Shell’s Empty Transition Promise

Chris Hall

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The ESG Explainer: Advance Australia, Finally

Chris Hall

Recently, large-scale solar generation has begun rapid expansion, growing from negligible levels before 2016 to 3% of all Australian electricity generation in 2020, representing a four-year growth rate of 1,268%. The fund has allocated A$1 billion in renewable and low-carbon technologies in its infrastructure and private equity portfolio.

article thumbnail

New Ideas, Better Teamwork in Pursuit of Paris Goals

Chris Hall

The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the Paris Agreement.” For 2016-2020, the ratio improved to was 0.7:1 Rooke says these are “encouraging signs” and asserts that GFANZ’s focus is on engaging with carbon-intensive firms rather than divestment. “We

article thumbnail

Despite the Headlines, 2021 Was A Year Full of Environmental Victories

Richard Matthews

The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the Paris Agreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest. In a first-of-its-kind lawsuit in the U.S.,