Eco-Business

JANUARY 28, 2022

The Catholic Bishops Conference of the Philippines, whose archbishops are major stockholders in the second biggest financier of coal in the country, declared that it will stop investing in banks that fund “dirty energy”.

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Chris Hall

MAY 25, 2023

“Much more challenging” Speaking yesterday at the Net Zero Delivery Summit in London, Wilde said while Phoenix was confident it would meet its 2025 targets, its scenario analyses have shown hitting its 2030 target will be “much more challenging”.

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Net Zero Divestment Chief Sustainability Officer Climate Positive 52

3BL Media

SEPTEMBER 29, 2023

They can also divest from high-emitting industries such as thermal coal production. Even JP Morgan Chase , the world's largest investor in fossil fuels, has taken steps to reduce investment in Arctic oil drilling and coal. When developing an investment decarbonisation approach aligned with +1.5°C

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Chris Hall

APRIL 1, 2022

The fund was previously under pressure to divest from carbon-intensive oil and gas companies but, like other asset owners, CalSTRS is choosing to engage, with divestment serving as a last resort. . If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.

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Divestment Net Zero Climate Change Sustainable Investment 52

Corporate Knights

MARCH 14, 2023

Starting in 2024, the Office of the Superintendent of Financial Institutions (OSFI) will require federally regulated banks and insurance companies to start collecting information on their CO2 emissions and climate risks for annual disclosure beginning in 2025. OSFI rejected both suggestions.

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Banking Divestment Climate Change 264

Chris Hall

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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Net Zero Divestment Climate Change Green Investing 52

Chris Hall

JANUARY 25, 2024

It also flagged that cheap solar PVs are set to drive renewables and overtake coal in global electricity generation by early 2025. Many investors also stated that it was critical for them to remain invested in green energy industries, and that divestment was typically used as a last resort.

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Supply Chains Supply Chain Divestment Climate Change 64

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

Chris Hall

MARCH 31, 2023

R estoration c apital w ill become c ore to the c limate n arrative towards the 2025 r atchet , says Julian Poulter, Head of Investor Relations at the Inevitable Policy Response. If some current market signals are correct, then the fog of inflationary risks and forthcoming recession remains, but with an end in sight. errr …in the present.

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Net Zero Divestment Supply Chains Supply Chain 52

Chris Hall

FEBRUARY 16, 2022

Pledge to divest over next two years follows mounting pressure from protesters. PFZW has been under pressure from climate activists over recent months who have called for its divestment from fossil fuels. Setting a 1.5°C This followed a successful campaign targeting the country’s largest scheme, ABP.

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Divestment Paris Agreement COP26 Net Zero 52

Edouard Stenger

OCTOBER 31, 2023

Carbon Brief, a UK-based website covering the latest developments in climate science, climate policy and energy policy, has analyzed closely the entire report and summarizes its findings, and there are really hopeful findings in the entire report: Global fossil fuel use peaking in 2025, two years earlier than expected last year.

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Divestment Development 52

Chris Hall

OCTOBER 18, 2023

C no/low overshoot scenarios state that the global economy needs to decarbonise by 22%-32% for 2025 and 40%-60% for 2030 from 2020. “NZAOA members must adhere to these same reductions in their own portfolio – if they do not, they will be marked as a red flag in our accountability mechanism,” a spokesperson told ESG Investor.

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Net Zero Global Economy Divestment Climate Change 69

3BL Media

SEPTEMBER 16, 2022

Today, 78% of our product sales come from this program, and we plan to reach 80% by 2025. This is anchored in our comprehensive net-zero science-based targets and an ambitious impact plan for 2025 that includes saving 800 million tons of CO2 emissions for our customers by that time.

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Chris Hall

NOVEMBER 4, 2022

oriented assets to exceed US$41 trillion by 2022 and $50 trillion by 2025 — representing one?third Other states have passed or introduced legislation designed to divest from industries like fossil fuels. ESG states has passed or introduced laws requiring divestment from companies that “boycott” the fossil fuel industry.

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Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

APRIL 25, 2022

Alignment is not just about divestment, said Bolli, but about a “collaborative mindset” that uses engagement to steer investee companies on the right path. . Swiss Re has committed to reduce listed equities and bond emissions by 35% by 2025. Collaborative mindset . Engagement is just one piece of the puzzle.

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

SEPTEMBER 21, 2022

trillion sovereign wealth fund, has published its 2022-2025 climate action plan. NBIM’s 2025 climate action plan is the fund’s latest commitment to improving its ESG-related performance. . Norwegian SWF to challenge companies on their decarbonisation targets, transition plans and climate reporting. . Raising ambition .

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Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

JULY 14, 2023

In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. trillion, or 6.8%

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

JANUARY 31, 2023

NZAOA aims to grow its member base to 200 or US$25 trillion in cumulative assets by 2025. In 2022, NZAOA introduced a member-led process to review members’ published and report targets on an anonymised basis. “The This report is seen as an opportunity to do just that,” he said.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

AUGUST 23, 2023

To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on Climate Change (IGCC) has developed its ‘ Road to Resilience ’ strategy. The post IGCC Devises Climate Resilience Strategy appeared first on ESG Investor.

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Stranded Assets Net Zero Climate Change Divestment 52

Chris Hall

MAY 24, 2023

With asset managers favouring engagement over divestment as an approach in transforming corporate behaviour, funds must step up and support important biodiversity proposals, or provide justification for their voting decision.” The post Biodiversity “Momentum” Builds Among Investors appeared first on ESG Investor.

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Divestment Development 83

Chris Hall

APRIL 19, 2024

For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else.

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Paris Agreement Net Zero Climate Change Banking 81

Chris Hall

JUNE 2, 2023

Perhaps more encouragingly, almost a fifth of shareholders voted in favour of resolutions calling on ExxonMobil and Shell to accurately disclose the role of asset transfers in their reported GHG emissions reductions, which would stop them claiming CO2 cuts from divestments.

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Paris Agreement Climate Change Divestment Supply Chains 52

Chris Hall

AUGUST 22, 2022

reduction in UPP’s portfolio carbon footprint by 2025 and 60% by 2030 compared to a 2021 baseline. . For existing investments, UPP is prioritising active engagement over divestment, partly due to the complexity of the challenges facing firms in different sectors. . Multi-pronged climate engagement .

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Net Zero Paris Agreement Divestment Climate Change 52

ESG Today

NOVEMBER 10, 2022

The relative importance of corporate Environmental, Social, and Governance (ESG) reporting is continuing to evolve, with Bloomberg Intelligence predicting that global ESG assets under management are on track to exceed $53 trillion by 2025. [1]

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Divestment Supply Chains Supply Chain Logistics 70

Chris Hall

JANUARY 25, 2023

By 2025, two-thirds of the world could face water shortages – ecosystems are not even factored into these calculations. Negash calls the work groundbreaking, and especially important for GEPF, as it can’t divest from specific sectors easily, given that its investment universe is quite small compared to its global peers.

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Supply Chains Supply Chain Divestment Development 95

James Militzer

MARCH 2, 2023

The University of Michigan Endowment Fund: Divesting from Fossil Fuels (Published 9.9.2020) In September 2019, there were climate change strikes at the University of Michigan. One of its goals was to reduce emissions to 25% below 2006 levels by 2025.

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Supply Chains Supply Chain Climate Change Development 98

Chris Hall

MAY 25, 2022

It confirms the material importance of divesting from fossil fuels and decarbonising real estate.” . REPowerEU makes further suggestions to strengthen energy efficiency, such as phasing out member states’ subsidies for fossil fuel-based boilers in buildings from 2025. .

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Divestment Waste Development 52

Chris Hall

MARCH 27, 2024

In addition, Shell had reduced its net carbon intensity across Scopes 1 to 3 by 6-8% by 2023 compared to 2016 levels, though it is targeting a 9-12% reduction by 2024 and a 9-13% by 2025.

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Paris Agreement Climate Change Divestment Banking 133

3BL Media

AUGUST 3, 2022

We also reiterate our multi-year earnings per share CAGR of 5% to 7% from the mid-point of 2022 guidance to 2025, in large part driven by continued growth in the utility's investment programs, including obtaining a return of and on capital investments that will be recovered specifically through the next base rate case to be filed by year-end 2023.".

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Divestment Supply Chains Supply Chain Net Zero 130

Chris Hall

MAY 25, 2023

C pathway.” Despite ‘dark green’ investors divesting from Glencore, Narr remains encouraged by 24% of shareholders voting against Glencore’s climate plan at last year’s AGM which showed there was a “sizable minority that were not super happy with the climate report”.

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Net Zero Paris Agreement Divestment Digitalization 52

3BL Media

SEPTEMBER 28, 2022

The 2025-2030 period will be really exciting because the decarbonization of these portfolios will have to accelerate to maintain their alignment to a net-zero scenario,” said Stannard. Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets.

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Net Zero Divestment Decarbonize Paris Agreement 130

3BL Media

JANUARY 11, 2023

But developers who plan to start operating in 2025, including three hydrogen-based steelmaking projects, will need to reach a final investment decision in 2023 to start on time. The divestment movement will wane. In Europe, policy guidance on key subsidy mechanisms may take longer. million euros. Martin Tengler, hydrogen team leader.

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Supply Chains Supply Chain Paris Agreement Divestment 130

Stanford Social Innovation

MARCH 3, 2022

The same study holds that by 2025 ESG assets are on track to exceed $50 trillion. ESHG-minded Investors can leverage their financial power by divesting from companies that aren’t doing healthy business. Bloomberg Intelligence reports ESG assets at $35 trillion in 2020, up from $30.6 trillion in 2018 and $22.8

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Divestment Waste Impact Investing Development 92

GreenBiz

MAY 17, 2021

While at Tufts University, from which he received a bachelor’s in international relations and economics, Dowd was involved with the school’s fossil fuels divestment campaign and interned in the Obama White House. Finding herself the only Black person in the student divestment group, everything clicked. "I

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Waste Climate Change Supply Chains Supply Chain 528

GreenBiz

SEPTEMBER 25, 2020

And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. Currently, 13 percent of AstraZeneca’s power load comes from combined heat and power, and the company has committed to identifying renewable alternatives by 2025.

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Paris Agreement Net Zero Supply Chains Supply Chain 528

Richard Matthews

JANUARY 4, 2022

Under the Paris Agreement, countries were only obliged to update their goals by 2025. The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. will invest more than $7.5

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Climate Change Paris Agreement Waste COP26 102