Chris Hall

JANUARY 3, 2024

C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.

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Net Zero Paris Agreement Stranded Assets Climate Change 69

Environmental Finance

SEPTEMBER 20, 2022

Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".

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Net Zero Divestment Banking 45

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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Divestment Net Zero Climate Change Banking 52

Environmental Finance

MARCH 26, 2024

Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a damning report.

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Divestment Net Zero Banking 40

Chris Hall

SEPTEMBER 21, 2022

Norges Bank Investment Management (NBIM), which manages Norway’s US$1.2 Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . The fund will be engaging with all portfolio companies and asking for science-based short-term, medium-term and 2050 net zero targets.

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Net Zero Climate Change Carbon Offsets Divestment 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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Divestment UNEP Banking Net Zero 283

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

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Net Zero Decarbonize Divestment Global Economy 147

ESG Today

JUNE 19, 2023

In additions to significantly growing its dial-movers list from 60 companies to 105, the expectations for those companies has been expanded to incorporate biodiversity risk and climate lobbying, in addition to net zero target setting and climate-related disclosure. C scenario. C scenario.

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Net Zero Divestment Banking Shipping 69

ESG Today

MARCH 24, 2024

Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.

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Supply Chains Supply Chain Green Bonds Decarbonize 81

Chris Hall

FEBRUARY 22, 2024

AkademikerPension was recently given a gold award, alongside eight other finance sector firms, in an assessment of net zero action by the Imperial College Business School. Last year, it was part of a group of investors representing US$1.5

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Divestment Value Creation Net Zero Banking 79

Corporate Knights

JANUARY 26, 2023

It also means cutting off financing for new fossil fuel projects, which HSBC (one of the largest banks in the world) and Lloyds (the largest domestic bank in the U.K.) We will know that the rest of the US$130-trillion GFANZ (Glasgow Financial Alliance for Net Zero) coalition is serious when they follow suit.

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Paris Agreement Banking Divestment Net Zero 335

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

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Greenwashing Stranded Assets Banking Net Zero 77

GreenBiz

AUGUST 13, 2020

Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. You can have solar on your roof, a battery bank in your garage and be immune from power shutoffs, rising prices and vulnerability of all sorts. Is that possible?

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Divestment Net Zero Zero Carbon Shipping 524

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. Norges Bank Investment Management (NBIM), which manages Norway’s US$1.1 As of 31 May, 2021, CalSTRS manages US$306.7

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Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

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Greenwashing Stranded Assets Net Zero Banking 57

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

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. It is also engaging with various policy bodies, such as the Coalition of Finance Ministers for Climate Action and GFANZ.

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Paris Agreement Net Zero Climate Change Banking 79

Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. This includes banks that have not sufficiently integrated targets, decarbonisation strategy, or climate policy engagement into business strategy.

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Divestment Banking Climate Change Net Zero 52

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

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Net Zero Divestment Paris Agreement Stranded Assets 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.

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Net Zero Divestment Greenwashing Banking 52

Chris Hall

MARCH 10, 2022

This followed the final report of the Productive Finance Working Group, formed by HM Treasury, the Bank of England and the Financial Conduct Authority to encourage more investment in long-term less-liquid assets, widely seen as offering a wider range options for investors looking to support the low-carbon transition.

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Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

MAY 13, 2022

Drawing on history, the UN Special Envoy on Climate Action and Finance said a financial revolution had been needed to support the industrial one, as fractional reserve banking and the gold standard helped to drive cross-border flows of goods and capital by providing increased maturity transformation and financial leverage. “To

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Net Zero Digital Transformation Divestment Banking 52

Chris Hall

MAY 5, 2023

Net zero-committed asset managers still investing in laggard oil and gas majors, as pressure to stop financing new fossil fuel production builds. This universe is made up of 90 asset managers, including 25 members of the Net Zero Asset Managers (NZAM) initiative , that have collectively invested US$417 billion into these companies.

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Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

JULY 7, 2023

This week, the Anglican church’s £3 billion AuM pension scheme announced it was quitting one of the two net zero groupings to which it belongs to better focus efforts to decarbonise its investment portfolio.

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Net Zero Shipping Development Divestment 52

Chris Hall

AUGUST 4, 2023

Patrick Peura , Co-lead of Engagement at the Net Zero Asset Owner Alliance , says coll aborative engagement needs to adapt to survive and thrive. Net zero targets and portfolio decarbonisation have been the test bed for collaborative engagement among asset owners, with encouraging but mixed results.

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Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

JUNE 23, 2022

The exchanges, and the associated industry of banks, insurers, lawyers and financial services providers, are profiting from activities that are at odds with their countries’ climate commitments and that put investors at risk, the report said. . “If C Paris climate target, according to think tank Carbon Tracker. .

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Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

APRIL 29, 2022

Sarah Breeden, Executive Director for Financial Stability Strategy and Risk at the Bank of England, pointed to the need for sustainability-related disclosures to flag future risks to investors, by focusing on “the strategic as well as the static”.

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Net Zero Sustainable Investment Divestment Banking 52

Chris Hall

OCTOBER 7, 2022

Ahead of next week’s IMF and World Bank annual meetings, ex-White House advisor Lawrence Summers called for a “reinvented” World Bank that would prioritise sustainability, supporting global public goods such as climate adaptation , partly via expanded partnership with the private sector. Will their auditors be next to blow the whistle?

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Negative Screening Supply Chains Supply Chain Divestment 52

Chris Hall

NOVEMBER 9, 2022

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. Engagement ring. There are choices,” said Cabanis.

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Net Zero COP26 Banking Climate Change 52

Chris Hall

APRIL 26, 2024

This must be resisted for the sake of good order in global capital markets.” Meanwhile, others are choosing divestment as a response, with the New York State Common Retirement Fund having announced it would restrict investments in eight oil and gas companies – including Exxon – earlier this year.

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Divestment Net Zero Climate Change Banking 85

Chris Hall

APRIL 5, 2022

C of global warming, 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Do they divest so the poorly performing assets are no longer on their books? In order for the real estate sector to decarbonise in line with 1.5°C Hunziker said. .

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Net Zero UNEP Divestment Banking 52

Chris Hall

JULY 15, 2022

Many investors scrambled to divest holdings, leading in some cases to significant financial losses, having failed to heed warnings and indicators that could have alerted them to future risks, including the 2014 annexing of Crimea. trillion, a 50% increase since Covid-19 began. Lessons of experience.

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Net Zero Development Impact Investing Divestment 52

Sustainability Matters

OCTOBER 19, 2023

Meanwhile, the Australian Banking Association , representing investors and business workers overseeing $47.2 For example, BHP has committed to a goal of net zero operational emissions by 2050 and is investing in low-emissions technologies to reduce its carbon footprint.

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Divestment Net Zero Climate Change Banking 52

Chris Hall

MARCH 25, 2022

It’s long been apparent that the asset management arms of financial institutions are, relatively speaking, greater supporters of action against climate change than colleagues in banking or capital markets, partly due to the differing time horizons of their respective client bases, i.e. pension fund trustees and CEOs.

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Banking Divestment Climate Change Net Zero 52

Envirotec Magazine

NOVEMBER 3, 2021

Oil and gas- divest or engage? We recommend that investors and banks commit to not providing debt financing to new oil and gas exploration and development and to reducing the financing going to oil in gas in line with the production declines needed to meet global climate targets.”, Aaron Maltais concludes.

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Divestment Supply Chains Supply Chain Net Zero 52

GreenBiz

JANUARY 25, 2021

A 2050 net-zero vision may be an inspiration, but it is not a plan. For example, in the oil and gas sector, investors can assess progress and pace toward net-zero by monitoring companies’ methane emissions, flaring intensity, capital expenditures, lobbying and governance. Integrate climate into core business.

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Net Zero Decarbonize Divestment Banking 518

Chris Hall

MARCH 9, 2022

Russia’s invasion of Ukraine is leading to a rapid reappraisal of ESG risks by asset owners, including enhanced scrutiny of human rights and governance risks across portfolios, and a reaffirmed commitment to net zero targets. .

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Supply Chains Supply Chain Net Zero Divestment 52