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To boost competitiveness, Europe proposes slashing key climate rules

Corporate Knights

Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European Sustainable Investment Forum, Europes umbrella network for sustainable finance, in a press release.

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Net Zero for EU Real Estate Hinges on EPBD

Chris Hall

Parliament took a more ambitious stance overall, determining that all new buildings should be zero-emission from 2028 and existing buildings would need to achieve climate neutrality by 2050. The International Energy Agency has outlined that 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050.

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Robeco to Target Sustainable Fashion, Ocean & Climate Sustainability, ‘Forever Chemicals’ in Corporate Engagements

ESG Today

The asset manager’s sustainable investment engagements typically run for three-year periods, with engagement specialists in contact with selected investee companies to track progress against objectives. According to Robeco, each of its engagement topics were selected following consultation with clients.

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Is the IMO Turning the Tide on Transition?

Chris Hall

With global trade highly dependent on shipping, achieving net zero may put wind in the sails of other industries’ climate ambitions. Zero or near-zero GHG emission technologies, fuels and/or energy sources must represent at least 5% (striving for 10%) of the energy used by international shipping by 2030, the IMO has pledged.

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Take Five: Follow That

Chris Hall

Follow that – ExxonMobil’s decision to sue two shareholders sent ripples across the sustainable investment pond, ahead of another fractious annual general meeting (AGM) season. Banking on transition – Banks’ role in the net zero transition was in the headlines this week, for a number of reasons.

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Asian Energy Transition Gaining Momentum

Chris Hall

While Asia ’s energy companies are responding positively to climate-related engagements from investors as they demonstrate progress on net zero, decommissioning their most polluting plants remains a steep challenge. Meanwhile, Indonesia-based PLN aims to increase its renewable capacity by 20.9

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Options Still Open for Fossil Fuel Engagement

Chris Hall

BP has cut its oil and gas production reduction target from 40% to 25% by 2030, Shell dropped its goal to cut oil production by the same deadline, and TotalEnergies plans to increase both its oil and gas production by 2-3% per year until 2028. It’s also a sellable GHG product for oil and gas firms.