Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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3BL Media

SEPTEMBER 29, 2023

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 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

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Chris Hall

JANUARY 3, 2024

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.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

SEPTEMBER 18, 2023

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. The UK’s Financial Conduct Authority’s consultation from the Vote Reporting Group closes on 21 September 2023.

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Chris Hall

MARCH 31, 2023

The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment. CA100+ has also issued a list of proxy votes it will be concentrating on in the 2023 season at focus firms. are due to be released in the September-October timeframe.

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Chris Hall

JUNE 23, 2023

n December 2015, the world took a vital step in tackling climate change by adopting the Paris Agreement. In 2023, the UK Transition Plan Taskforce aims to finalise its disclosure framework and implementation guidance and will develop sectoral pathways. C pathway by the end of 2023.

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Chris Hall

APRIL 14, 2023

The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

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Chris Hall

JANUARY 31, 2023

In our progress report this year [following the new protocol], we hope to have deeper insights on emissions reductions that can be shared ahead of COP28 and the global stocktake of the Paris Agreement,” said Bolli. In 2022, NZAOA introduced a member-led process to review members’ published and report targets on an anonymised basis.

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Chris Hall

JULY 21, 2023

In late 2022 and early 2023, a significant number of Article 9 funds were downgraded to Article 8 due to stricter regulatory guidance. Initiatives such as divestment from fossil fuels, engagement with companies on sustainability issues, and the launch of dedicated ESG funds demonstrate their commitment to driving positive change.

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Sustainable Investment Greenwashing Climate Change Paris Agreement 52

Chris Hall

MARCH 27, 2024

In its new strategy, the company claims it will invest US$10-US$15 billion between 2023-2025 in low-carbon energy solutions, such as electric vehicle charging, biofuels, renewable power, and carbon capture and storage. Last year, it invested US$5.6 billion in low-carbon solutions – 23% of its total capital spending.

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Paris Agreement Climate Change Divestment Banking 133

Chris Hall

MAY 19, 2022

ShareAction has subsequently outlined its recommendations for investor reporting guidance, which it says should be implemented during the initiative’s next five-year cycle, commencing 2023. . Companies falling short of these red lines will be subject to either divestment or the asset manager voting against company directors. .

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Chris Hall

JULY 6, 2022

The DWP will assess whether further guidance is needed in H2 2023. . It emphasised the importance of trustees raising their climate stewardship ambitions by using Paris-alignment metrics to inform their engagement efforts to ensure they are truly contributing to the goals of the Paris Agreement. .

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James Militzer

MARCH 2, 2023

As we move further into 2023, it can take a lot of energy to think about energy. C threshold (above pre-industrial levels) stipulated in the Paris Agreement. These case studies are available for purchase at 50% off their regular price through March 31, 2023 , using the discount code ENERGETIC.

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Chris Hall

MAY 25, 2023

Mining major Glencore’s shareholders are demanding answers over its coal strategy and its Paris-alignment at its 2023 annual general meeting (AGM), held 26 May. Rising investor demands for detail on transition planning and coal phase-out from mining firm come amid attempts to acquire Canadian rival. At the meeting, the US$64.8

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3BL Media

JANUARY 11, 2023

The 10 Big Things To Watch Across World’s Energy Markets in 2023. Wed, 01/11/2023 - 14:05. BloombergNEF has analyzed these and other key developments, and here we look forward to what might be coming in 2023. As road and air traffic rebound, the International Energy Agency estimates China’s 2023 oil demand to climb by about 0.78

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Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.

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Chris Hall

MAY 17, 2023

Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the Paris Agreement. Car manufacturer Toyota is facing (..)

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Chris Hall

FEBRUARY 14, 2023

Buffeted by critics on both sides, finance sector alliances may need to refresh their tactics to progress toward net zero goals in 2023. The alliance says: “Companies need to work now to develop and implement credible transition plans aligned with the Paris Agreement.”

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Richard Matthews

SEPTEMBER 20, 2021

University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.

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Divestment Climate Change Stranded Assets Paris Agreement 63

Richard Matthews

JANUARY 4, 2022

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.,

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