Corporate Knights

JUNE 19, 2024

When those 16 nations went to the bank for financing, they were told there was no point in trying. In the era of the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP), the definition of the phrase “free, prior and informed consent” is still a battleground.

Stranded Assets 182

Stranded Assets Net Zero Development Banking 182

Corporate Knights

JULY 5, 2023

It leaves the definition of materiality up to each company to determine, although this will likely be subject to verification by external auditors. This could enable banks or fossil fuel companies , for example, to under-report climate risks or metrics based on an argument that fossil fuels will be needed for many years to come.

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Greenhouse Gas Protocol Stranded Assets COP26 Development 246

Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. Carbon Capture Backed by Carbon Offsets?

Paris Agreement 246

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

OCTOBER 28, 2022

LSE GRI’s new just transition guidance follows a report published last year which called on asset owners to enhance their scrutiny of social aspects in investee companies’ net zero strategies, signalling their expectations through manager selection and engagement policies. Future iterations .

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Chris Hall

NOVEMBER 3, 2023

“Let’s bear in mind that the definition of a green swan event is that, contrary to a normal financial event, it is not probable; it’s certain it is happening,” he says, noting that the only uncertain or unqualified element is its rate of acceleration.

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Paris Agreement Climate Change Stranded Assets Global Economy 94

Chris Hall

FEBRUARY 3, 2023

At the heart of that guidance is a tool called the Carbon Risk Real Estate Monitor (CCREM) which has been funded by the EU and a number of major institutional investors, including the Dutch pension funds APG, PGGM and Norges Bank Investment Management.

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Chris Hall

JANUARY 3, 2024

All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. It could also accelerate the nascent shift toward a broader definition of stewardship, as well as a possible rethink around the obligations of fiduciary duty. Lee suggests not. “In

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72