Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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Chris Hall

FEBRUARY 15, 2023

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.

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Net Zero Divestment Greenwashing Sustainable Investment 52

Chris Hall

SEPTEMBER 21, 2022

trillion sovereign wealth fund, has published its 2022-2025 climate action plan. Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . NBIM’s 2020-2022 strategy outlined the asset owner’s intention to vote against corporate boards with fewer than two women. .

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Corporate Knights

NOVEMBER 24, 2023

He shared the stage with Teine Energy and Wolf Midstream, two Alberta-based fossil fuel companies owned by CPPIB – neither of which have committed to net-zero emissions. CPPIB’s reluctance to acknowledge the need to phase out fossil fuels might also be influenced by the oil and gas interests prominently represented on its board.

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Divestment Climate Scientist Chief Sustainability Officer Net Zero 360

Chris Hall

APRIL 5, 2024

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Most – but not all – of these funds have also put in place interim targets.

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3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

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Net Zero Decarbonize Divestment Global Economy 147

3BL Media

AUGUST 3, 2022

SUMMARY: NET INCOME OF $0.26 PER SHARE PSE&G to Invest $511 Million through Infrastructure Advancement Program Re-Affirms 2022 Non-GAAP Operating Earnings Guidance of $3.35 - $3.55 August 3, 2022 /3BL Media/ - Public Service Enterprise Group (NYSE: PEG) reported Net Income of $131 million, or $0.26 Net Income/(Loss).

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Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP.

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Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. million tonnes of carbon dioxide equivalent (tCO2e) in 2022, from 221.2

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Corporate Knights

JANUARY 24, 2023

The cost of damage from severe weather events in the United States was expected to top US$100 billion in 2022. Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2021, one of the costliest years on record in the U.S.,

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Chris Hall

APRIL 1, 2022

US pension fund’s 2022 voting strategy will hold board members accountable. . The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. .

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Corporate Knights

OCTOBER 17, 2022

Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks. requires an immediate end to fossil fuel expansion and a rapid phase-out of production.

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Net Zero Sustainable Investment Zero Carbon Greenwashing 363

Chris Hall

FEBRUARY 22, 2024

The pension fund had previously engaged with Amazon on the issue as part of a 12-strong coalition of Danish pension funds formed in 2022, and representing approximately DKK5 trillion (US$724.2 billion) in AUM. The coalition aimed to collectively engage on employees’ right to unionise and bargain on wages and working conditions.

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ESG Today

FEBRUARY 16, 2024

Humeau said: “As part of our responsible investor commitments, we remain committed to regularly evolving our practices and policies over time and we acknowledge the need for real economy policies to further support the transition to a net-zero world.”

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Chris Hall

MAY 17, 2023

The final step of escalation is divestment, with Aviva Investors stating it is “committed to full divestment of targeted companies that fail to meet its climate expectations”. Mirza Baig, Global Head of ESG Research and Stewardship at Aviva Investor, described divestment as the “ultimate sanction”. Wihlborn said.

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Divestment Net Zero Sustainable Investment 52

Chris Hall

APRIL 5, 2024

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Most – but not all – of these funds have also put in place interim targets.

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Net Zero Paris Agreement Divestment Greenwashing 52

Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

MAY 12, 2022

New report released amid climate votes at AGMs, finds overreliance on unproven technology and divestment risk. The Absolute Impact 2022 report analyses the credibility of 15 major oil and gas companies’ plans for emissions reductions, and the extent to which their efforts genuinely reduce global CO2 emissions levels.

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Chris Hall

MARCH 31, 2023

Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.

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Net Zero Paris Agreement Divestment 52

Chris Hall

MAY 5, 2023

Net zero-committed asset managers still investing in laggard oil and gas majors, as pressure to stop financing new fossil fuel production builds. This universe is made up of 90 asset managers, including 25 members of the Net Zero Asset Managers (NZAM) initiative , that have collectively invested US$417 billion into these companies.

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Chris Hall

MARCH 10, 2022

PLSA) digital ESG Conference 2022. These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.

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Chris Hall

JULY 7, 2023

This week, the Anglican church’s £3 billion AuM pension scheme announced it was quitting one of the two net zero groupings to which it belongs to better focus efforts to decarbonise its investment portfolio. billion in profit tax in 2022 to the Russian treasury, a figure it regards as “only the tip of the iceberg”.

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Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C The Church Commissioners, which manages the CoE’s £10.3

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Chris Hall

JANUARY 26, 2022

2022 will see stronger focus on biodiversity as investors show “teeth” to laggards. Multiple asset managers’ letters to stakeholders announcing their 2022 intentions, including Aviva Investors and BMO Global Asset Management, said that they were now looking beyond climate. Playing hardball on S and G.

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Chris Hall

JUNE 14, 2023

1 campaign has changed that, he argues. Exxon has since set a number of targets, including net zero greenhouse gas (GHG) emissions for its operated unconventional assets in the Permian Basin by 2030. But it also silences the ‘good angels’, especially if less climate-conscious investors take their place.

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Net Zero Divestment Climate Change Sustainable Investment 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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Chris Hall

FEBRUARY 11, 2022

Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve net zero and other sustainability objectives, according to competition lawyers. Competition barriers to collective sustainability initiatives by investors expected to be lowered. Limits to power of collaboration.

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Chris Hall

MAY 3, 2022

NGO Reclaim Finance’s 2022 climate Scorecard says asset managers’ engagement policies “fail to send clear signals to fossil fuel companies”. Reclaim Finance notes a “growing trend” within the investor community to condemn exclusion and divestment from heavy emitters as both “unrealistic and ineffective” tools to decarbonise the economy.

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Chris Hall

MAY 19, 2022

It assesses the climate-related commitments and performance of 166 focus companies – typically the world’s highest emitters – against its Net Zero Company Benchmark , which was launched in March 2021 and covers emissions reduction, governance and disclosure themes. . Staggered progress .

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Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

APRIL 29, 2022

An emphasis on new tools and new approaches was evident on the first day of City Week 2022, held at London’s Guildhall, dedicated to climate and ESG themes. To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions.

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Chris Hall

APRIL 19, 2024

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 net zero transition.

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Chris Hall

DECEMBER 13, 2022

In the 2022 report, it was followed by board issues (US$2.87 Managers also reported applying fossil fuel divestment screens across US$1.2 There were also more climate change-related shareholder proposals (265) filed by investors in the two years to mid-2022, compared with the previous period, said the US SIF Foundation.

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Chris Hall

FEBRUARY 8, 2023

As BP and Shell post bumper profits from oil and gas production, their commitment to the net zero transition has come into question. “Cooked, choked and taken to the cleaners” – this was the angry reaction from British environmentalist Chris Packham to oil giants BP and Shell announcing their highest profits ever as UK energy bills surge and (..)

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Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. These new expectations build on its voting record on climate in 2022. It did vote for many independent resolutions on climate change, he added.

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3BL Media

FEBRUARY 28, 2022

28, 2022 /3BL Media/ PSEG today announced its vision and mission to continue to tackle the 21st century challenges of extreme and damaging weather, protecting the environment and taking action toward a clean, electrified and sustainable economy where all people thrive – Powering Progress. SOURCE: Public Service Enterprise Group (PSEG).

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Chris Hall

AUGUST 23, 2023

International adaptation finance flows to developing countries are ten times below estimated needs, according to the UN’s 2022 Adaptation Gap report. Further, only 9% have implemented a response to their physical risk exposure. The post IGCC Devises Climate Resilience Strategy appeared first on ESG Investor.

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Chris Hall

DECEMBER 7, 2022

As the climate crisis has worsened, pressure on publicly-listed companies to make net zero commitments and transition to low-carbon operations and products has intensified. The influence of sustainability-minded investors can be seen in divestment strategies of both state- and privately-owned debt issuers.

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