2024 Divestment Paris Agreement 
Chris Hall
MARCH 27, 2024
C scenario.” It was hoped that Shell’s 2024 energy transition strategy , published this month, would demonstrate sufficient climate ambition and move the needle. But, as the International Energy Agency (IEA) has made quite clear, there should be no new oil and gas projects if we are to achieve a 1.5°C
ESG Today
FEBRUARY 16, 2024
Global asset manager AXA Investment Managers (AXA IM) announced today that it has updated its corporate governance & voting policy with more stringent ESG expectations for companies, including a pledge to target high emissions companies lobbying against the goals of the Paris Agreement.
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Chris Hall
JANUARY 23, 2024
trillion) in AUM co-filed a climate resolution at Shell, calling for the European oil and gas major to align its medium-term Scope 1 to 3 decarbonisation targets with the Paris Agreement. Earlier this month, 27 institutional investors with €4 trillion (US$4.6 Hold or fold? Nest also views climate change as a systemic risk.
Chris Hall
MAY 22, 2024
This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. The post Options Still Open for Fossil Fuel Engagement appeared first on ESG Investor.
Chris Hall
FEBRUARY 16, 2022
Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C Setting a 1.5°C
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.
Chris Hall
JANUARY 3, 2024
The limits of fiduciary duty and corporate engagement could see institutional investors embrace systemic stewardship in 2024 to meet 1.5°C-aligned All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. C-aligned objectives.
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