Chris Hall

APRIL 12, 2022

The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. C above pre-industrial levels.

Net Zero 52

Net Zero Banking COP26 Paris Agreement 52

Chris Hall

NOVEMBER 9, 2022

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

Net Zero 52

Net Zero Banking Paris Agreement Climate Change 52

Impact Alpha

NOVEMBER 17, 2021

Net zero pledges such as the one announced by the Glasgow Financial Alliance for Net Zero (GFANZ) during COP26’s Finance Day have left. The post How faith-based asset owners can advance sustainable banking as shareholders and customers appeared first on ImpactAlpha.

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Banking Net Zero COP26 96

Envirotec Magazine

OCTOBER 20, 2021

The research report, “ Smaller businesses and the transition to net zero “, highlights the potential collective influence of UK smaller businesses and the considerable contribution they could make to wider net zero objectives if they all made changes to reduce their carbon footprint.

Net Zero 98

Net Zero Banking Climate Change Supply Chains 98

Renewable Energy World

DECEMBER 3, 2021

SSE Renewables and joint venture partner Equinor have reached financial close on Dogger Bank C, the third phase of the offshore wind farm based in the UK. The total investment in Dogger Bank Wind Farm will be approximately £9 billion ($12 billion), with around £3 billion ($4 billion) allocated for phase C including offshore transmission.

Banking 106

Banking Net Zero COP26 Manufacturing 106

Chris Hall

JUNE 17, 2022

Climate negotiators, Wall Street executives and pretty much anyone involved in efforts to decarbonise the planet were left in little doubt that the path to net zero means constant improvement and rigorous scrutiny. The post ICYMI, the Path to Net Zero is Getting Steeper appeared first on ESG Investor.

Net Zero 52

Net Zero Greenwashing Digital Transformation Impact Investing 52

Envirotec Magazine

JULY 15, 2021

A communiqué signed by UK mayors and local leaders calls for a ‘power shift’ from Whitehall so that local and regional authorities can deliver Net Zero. Ensuring the new UK Infrastructure Bank has a Net Zero mandate to deliver local investment in Net Zero projects. license ).

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Net Zero Climate Change Zero Carbon COP26 98

GreenBiz

JULY 15, 2021

Helle Bank Jorgensen. Companies and countries all over the world are committing to net-zero goals and pledges to the SDGs; diversity, equity and inclusion goals; human rights — the list goes on. We need to put a lot of zeros on the "More than 1,000 businesses" in order to get to a net-zero carbon economy.

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Greenwashing Net Zero Climate Change Supply Chains 396

Envirotec Magazine

NOVEMBER 22, 2019

“With the UK hosting COP26 in Glasgow in 2020, the country’s actions will be under close scrutiny and there will be nowhere to hide if we fall short of doing our part,” said Kiran Sura of PwC. Achieving the UK’s commitment to achieve net zero emissions by 2050 will require an annual decarbonisation rate of 9.7%.

Net Zero 84

Net Zero COP26 Smart Grid Climate Change 84

Chris Hall

FEBRUARY 14, 2022

Banks could face a stormy AGM season, driven by investor concern over their ongoing financial support for oil and gas firms, which are already braced for a slew of shareholder proposals demanding greater transparency over their net zero transition plans. Among the banks targeted are JP Morgan, Bank of America and Citi.

Banking 52

Banking Net Zero COP26 Paris Agreement 52

3BL Media

SEPTEMBER 15, 2022

climate action and investments, as private and public sector leaders raise ambition commitments and policies to capitalize on the opportunities of the net zero transition. But to meet our climate goals and complete the transition to a just and inclusive net zero economy by 2050, more work lies ahead.

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ESG Today

OCTOBER 28, 2022

The Glasgow Financial Alliance for Net Zero (GFANZ), a UN-backed climate-focused multi-trillion dollar coalition of financial institutions, revealed today that it will no longer require its signatories to commit to the UN’s climate action campaign, Race to Zero.

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Net Zero Banking COP26 Climate Change 110

Carlos Sanchez

NOVEMBER 24, 2021

While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).

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Carbon Offsets Net Zero COP26 Climate Change 59

Corporate Knights

FEBRUARY 9, 2022

Just before the launch of COP26, the UN climate conference in November, the DivestInvest network calculated that endowments, portfolios and pension funds worth nearly US$40 trillion have now committed to divesting their fossil fuel holdings. Eroding public support for the sector has been considered valuable work in itself.

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Divestment Net Zero Sustainable Investment COP26 363

Environmental Finance

SEPTEMBER 7, 2022

Climate scenarios for central banks and supervisors have been updated to include national 'net zero' commitments at the COP26 climate conference in Glasgow, ahead of a move to broaden the potential application of the scenarios to private financial institutions.

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Net Zero COP26 Banking 56

ESG Today

OCTOBER 19, 2022

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

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Renewable Energy World

NOVEMBER 24, 2021

Indian Prime Minister Narendra Modi’s announcement in the first days (much to the surprise of Indian observers) that India would reach net zero emissions by 2070 and generate 50% of its energy from renewables by 2030 helped lower that trajectory to 2.4°C. C this century, well beyond the 1.5°C Watch this unfold this coming year.

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COP26 Net Zero Bend the Curve Greenwashing 93

Chris Hall

FEBRUARY 18, 2022

Banks were hit by a double salvo for continued financing of fossil fuel firms in the face of widely accepted net zero roadmaps and the commitments made at COP26. Campaign groups led by Urgewald and Reclaim Finance reported that commercial banks channelled US$1.5 Pension funds were under fire too.

Net Zero 52

Net Zero Banking COP26 Academics 52

Chris Hall

MAY 12, 2022

The Glasgow Financial Alliance for Net Zero (GFANZ) is “ready to work” with other stakeholders on a “more granular breakdown” of finance’s role in fossil fuel expansion, replacement and reduction, UN Special Envoy on Climate Action Finance, Mark Carney, said yesterday. C net zero transition.

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Stranded Assets Net Zero COP26 Banking 52

Chris Hall

MAY 19, 2023

At COP26, institutions managing more than US$130 trillion in assets committed to reaching a state of net zero before 2050. The UK banking sector has seen a huge reduction in branches since the 1980s. The post Banking on Change: Reducing Emissions in Financial Services appeared first on ESG Investor.

Banking 52

Banking Supply Chains Supply Chain CDP 52

Chris Hall

OCTOBER 6, 2023

GFANZ is smoothing the way for patient capital, which is critical to Indonesia and Vietnam’s climate transition efforts. To be able to fulfil this commitment, barriers to private finance in each country need to be identified and resolved, Carr said. Committed firms engage with this challenge through a working group that we run,” Carr said.

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Net Zero Banking COP26 Development 69

Renewable Energy World

NOVEMBER 10, 2021

There has been a shift at this year’s summit, from making pledges to reach net zero emissions by 2050 to a focus on actions to cut emissions by 2030. The international financial community formed a broad alliance of firms committed to net zero, attracting accusations of greenwashing. That’s a start. Big deals, big claims.

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Net Zero COP26 Climate Change Banking 74

Chris Hall

MARCH 8, 2022

UK energy utilities are responding positively to engagement efforts by institutional investors aimed at incorporating just transition principles into their net zero strategies, but there are wide differences between leaders and laggards. SSE and EDF demonstrate alignment with best practice, but laggards fail to report.

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Net Zero Supply Chains Supply Chain Banking 98

Chris Hall

JUNE 22, 2022

On the investment side, many managers have signed up to the Net Zero Asset Managers (NZAM) initiative, are using the Institutional Investors Group on Climate Change’s Net Zero Investment Framework to set and monitor targets, and have joined the investor-led initiative Climate Action 100+. .

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

JULY 8, 2022

Not following suit – The European Central Bank (ECB) said banks do not yet sufficiently incorporate climate risk into their stress-testing frameworks and internal models. Further, almost two-thirds of banks’ income from non-financial corporate customers stems from GHG-intensive industries. Going, going … green?

Net Zero 52

Net Zero Banking Climate Change COP26 52

Chris Hall

JULY 15, 2022

When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. For corporations, VCCs can be used to satisfy their net zero targets so as long as their actions comply with and are verified based on internationally-recognised standards such as PAS2060.

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Net Zero Paris Agreement COP26 Climate Change 98

Chris Hall

DECEMBER 15, 2023

For the record, the final text called on parties to contribute to “transitioning away from fossil fuels in energy systems, in a just, orderly and equitable manner, accelerating action in this critical decade, so as to achieve net zero by 2050 in keeping with the science”.

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Banking Net Zero Paris Agreement Supply Chains 81

Chris Hall

OCTOBER 28, 2022

In an accompanying commentary , UNEP Executive Director Inger Andersen said: “I urge every investor, public and private, to put their capital towards a net zero world. It also places considerable store by the ability of the recently announced Net-Zero Data Public Utility to provide transparency on transition progress.

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Net Zero UNEP Climate Change COP26 52

Envirotec Magazine

SEPTEMBER 30, 2021

Coal-fired power plants in Ulaanbaatar, Mongolia (image credit: Asian Development Bank , CC BY-NC-ND 2.0 ” The document from the Climate Crisis Advisory Group (CCAG)[1] sets out seven recommendations that it believes global leaders at COP26 must consider to make carbon pricing more effective. license ).

Net Zero 52

Net Zero Climate Change COP26 Paris Agreement 52

Chris Hall

SEPTEMBER 27, 2023

The Glasgow Financial Alliance for Net Zero (GFANZ) will be delivering half of the financial commitments made to Indonesia and Vietnam. To support emerging market climate transitions, developed countries and private investors are drawing up an ambitious blueprint, but is it working?

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Net Zero Development Banking Green Bonds 85

Chris Hall

NOVEMBER 9, 2023

According to the International Energy Agency (IEA), US$4 trillion needs to be invested in renewable energy globally every year by 2030 to achieve net zero by 2050. At least US$1 trillion of this needs to be annually invested in EMDEs. There is ample investment opportunity, he noted.

Net Zero 57

Net Zero Climate Change COP26 Banking 57

ESG Today

JANUARY 9, 2023

The Government of India will issue its first-ever green bond this month, according to an announcement by the Reserve Bank of India, with plans to raise approximately US$2 billion to support green infrastructure projects aimed at reducing the carbon intensity of the economy.

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Green Bonds Net Zero COP26 Social Sustainability 97

3BL Media

MARCH 1, 2022

Holding the companies accountable on their commitments to net zero targets will help ensure the implementation of net zero strategies, through financial institution engagement, including a decline of coal, oil and gas within portfolios. Georgina has joined Acre’s Sustainable Finance and Impact Investing practice.

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Net Zero Climate Change Supply Chains Supply Chain 130

ESG Today

JANUARY 26, 2023

The Government of India’s first ever issuance of green bonds met strong demand, with orders exceeding the offering size by more than 4 times, earning the bonds a 5-6 basis point “greenium,” or a favorable yield spread relative to similar issues lacking green credentials, according to results released by the Reserve Bank of India (RBI).

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Green Bonds Net Zero COP26 Climate Change 96

Chris Hall

JANUARY 13, 2023

The project, financed by HSBC and other major banks with varying net zero commitments and fossil fuel phase-out plans , is needed to help Germany take back control of its energy supply after years of over-reliance on Russia. Thank you Gerhard Schroder. We should back ourselves more,” he told The Guardian.

Net Zero 52

Net Zero COP26 Banking 52

Chris Hall

SEPTEMBER 23, 2022

Deforestation, biodiversity and protecting nature were key issues at last year’s COP26 Summit, yet promises and pledges made in Glasgow have so far achieved a “pathetic rate of change”. It is widely accepted that net zero cannot be reached without a rethink to our relationship with nature. Leaving nature behind. Priority areas.

Net Zero 52

Net Zero Climate Change COP26 Banking 52

Chris Hall

MAY 3, 2022

The UN-convened Net-Zero Asset Owner Alliance (NZAOA) says asset owners need to take a multi-pronged approach to climate engagement to ensure investee companies are decarbonising in line with their net zero portfolio targets. How are investors responding to slow progress on climate engagement?

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