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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. We are interested in sustainability not because we are environmentalists, but because we are capitalists and fiduciaries to our clients.” Who said that?

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The incredible shrinking climate ambitions of the world's largest asset managers

Corporate Knights

Climate change is here. And it is just the beginning,” said Guterres, on the same day that scientists announced that July 2023 was tracking to be the hottest month ever recorded in human history. “It But only with dramatic, immediate climate action.” FinanceMap’s 2023 report analyzed $16.5 It is terrifying.

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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

At the GLOBExCHANGE conference, Treasury Board President Mona Fortier and Environment Minister Steven Guilbeault announced that companies wanting to supply the federal government on contracts worth more than $25 million will need to comply with new climate change requirements. C scenarios, Routledge said.

Net Zero 314
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BMW Invests $750 Million to Convert UK MINI Plant to All-Electric Production

ESG Today

The new investment follows BMW’s announcement in 2021 to expand company efforts to combat climate change, including goals to significantly reduce vehicle emissions throughout the lifecycle, reduce CO2 emissions by 40% per vehicle by 2030, and make a minimum of 50% of its global sales from battery electric vehicles by 2030.

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Engagement Alone Unable to Resolve Energy Impasse – PME

Chris Hall

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

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Take Five: Into the Stratosphere

Chris Hall

With ESMA flagging a tripling in the size of the SDG fund market between 2020 and 2023, impact-washing is also in their sights. This first sustainable hybrid capital issuance by an MDB is an example of innovative efforts to finance developing economies’ efforts to handle the impacts of climate change.

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UK Recognises Investor Need for “Clarity and Consistency”

Chris Hall

Last week, the UK’s Climate Change Committee recently described government efforts to scale up climate action as “worryingly slow”.