ESG Today

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

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Divestment Net Zero Paris Agreement 126

Chris Hall

MAY 25, 2023

The large UK asset owner releases its first net zero transition plan, warning longer-term goals will be difficult without robust policy support. Phoenix Group has a first interim target of a 25% reduction in the carbon intensity of around £160 billion of listed equities and credit by 2025.

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Net Zero Divestment Chief Sustainability Officer Climate Positive 52

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

Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP.

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Chris Hall

OCTOBER 18, 2023

The Net Zero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the net zero transition. Allia nce says t arget-setting by members translating into measurable impact on emissions reduction for the first time.

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Net Zero Global Economy Divestment Climate Change 65

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. This will take time and now time has run out for the new clean lobbying to have the necessary impact to save global net zero without an overshoot past 1.5 ° C.

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Net Zero Divestment Supply Chains Supply Chain 52

Chris Hall

APRIL 1, 2022

CalSTRS’ commitment to achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner has heightened the asset owner’s scrutiny of investee companies’ decarbonisation targets and performance. If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.

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Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

APRIL 25, 2022

Speaking at the City Week financial services symposium in London, she echoed the views of the UN-convened Net Zero Asset Owner Alliance (NZAOA) that 1.5°C The UK’s new Transition Plan Taskforce , for example, is bringing industry, NGOs and governments together to set out what a commitment to net zero should look like. . “It

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Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C trillion, or 6.8%

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

APRIL 19, 2024

The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the net zero transition.

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Paris Agreement Net Zero Climate Change Banking 79

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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Decarbonize Divestment Supply Chains Supply Chain 130

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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Chris Hall

AUGUST 23, 2023

It will help investors get up to speed on the least-understood risk in the economy. “This strategy is designed for the real, system-wide adjustments that will make sure we’re not divesting, we’re investing in a climate resilient economy.” Further, only 9% have implemented a response to their physical risk exposure. “It

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Stranded Assets Net Zero Climate Change Divestment 52

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

James Militzer

MARCH 2, 2023

To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.

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Supply Chains Supply Chain Climate Change Development 98

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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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”. At the meeting, the US$64.8

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Net Zero Paris Agreement Divestment Digitalization 52

3BL Media

SEPTEMBER 28, 2022

It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. As climate data becomes more democratized, it will provide a better understanding of which ESG initiatives aid progress toward a net-zero world. trillion, even more investment is needed.

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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

GreenBiz

SEPTEMBER 25, 2020

As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.

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Paris Agreement Net Zero Supply Chains Supply Chain 529

Richard Matthews

JANUARY 4, 2022

The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. Under the Paris Agreement, countries were only obliged to update their goals by 2025. trillion in assets, have committed to divest.

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Climate Change Paris Agreement Waste COP26 102