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.

Net Zero 147

Net Zero Divestment Banking Stranded Assets 147

Chris Hall

APRIL 19, 2024

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle. Some companies may also need to tap into some form of government support.

Paris Agreement 81

Paris Agreement Net Zero Climate Change Banking 81

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.

Net Zero 130

Net Zero Divestment Decarbonize Paris Agreement 130

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. The bipartisan legislation in the U.S.

Climate Change 102

Climate Change Paris Agreement Waste COP26 102