Chris Hall

FEBRUARY 28, 2022

Stranded assets, defaults in thermal power, steel and cement sectors may increase if companies do not shift to low-carbon alternatives. The People’s Bank of China (PBOC) has revealed the results of its first phase of climate risk stress tests of major banks in the country.

Stranded Assets 52

Stranded Assets Banking 52

Chris Hall

APRIL 21, 2023

AGMs to be held by Citi, Wells Fargo, and Bank of America on 25 April, and by Goldman Sachs on 26 April, are seen as key indicators of investment sentiment.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

Corporate Knights

DECEMBER 9, 2022

At the same time, the five largest Canadian banks have provided $700 billion to the fossil fuel sector since 2015 and doubled their year-over-year financing in 2021. The government can also use other forms of economic planning to accelerate a rapid transition, combining green central banking tools with a coordinated green industrial strategy.

Stranded Assets 278

Stranded Assets Net Zero Supply Chains Supply Chain 278

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.

Greenwashing 80

Greenwashing Stranded Assets Banking Net Zero 80

3BL Media

SEPTEMBER 23, 2022

Case Study: Stranded Assets and the Economics of a Chinese Power Plant. These differences can be more sharply examined by analyzing the economics of a Chinese power plant and stranded-assets risk. Stranded assets are a common theme in investment analysis of the global energy transition.

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Stranded Assets Decarbonize Climate Change Development 130

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.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

GreenBiz

MAY 20, 2021

If the world heeds that advice, we’ll leave a lot of stranded assets lying around. Of course, a chorus of activist investors have been pressing investors, banks and companies to examine their risks on stranded oil and gas assets for more than a decade, knowing this day would arrive.

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Stranded Assets Net Zero Sustainability Professional Regenerative 286

Chris Hall

JUNE 21, 2023

billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on stranded assets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.

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Banking Net Zero Stranded Assets Climate Change 97

Chris Hall

MAY 12, 2022

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. This would lead to more stranded assets in the medium term, waned the former Bank of England governor, requiring “a more granular breakdown of the use of proceeds of new fossil fuel financing. “In

Stranded Assets 52

Stranded Assets Net Zero COP26 Banking 52

Chris Hall

JUNE 2, 2022

The Monetary Authority of Singapore (MAS) has published new information papers on environmental risk management for banks , insurers and asset managers. Apart from climate-related risks, banks and insurers have yet to make meaningful progress to address other environmental risk factors, such as biodiversity loss.

Banking 52

Banking Stranded Assets Net Zero Sustainable Investment 52

Chris Hall

JULY 31, 2023

The Real World Climate Scenarios initiative aims to address the issue by developing more relevant scenarios that integrate the complex the overlapping impacts such as geopolitical, extreme weather events, migration and stranded assets, among others.

Climate Change 98

Climate Change Stranded Assets Banking Climate Scientist 98

Chris Hall

MAY 6, 2022

Sixty-nine percent of listed equities reporting via CDP’s platform stated they are exposed to water risks that could “generate a substantive change in their business”, said CDP’s report on how water issues are stranding assets. Water risk factors and stranded assets.

Stranded Assets 52

Stranded Assets CDP Banking Development 52

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. trillion USD in fossil fuels. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

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Net Zero Divestment Banking Stranded Assets 147

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

3BL Media

MAY 17, 2022

Financial institutions that start with managing their own footprint and supply chains will deliver limited climate impact compared to aligning their balance sheets to lower emissions investments that embed resilience and minimize their exposure to stranded assets.

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chains 130

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. . C Paris climate target, according to think tank Carbon Tracker. . C goal. .

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Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

NOVEMBER 3, 2023

The impact of green swans on financial stability was explored in a paper published by the Bank for International Settlements in 2020. The paper explained that “traditional backward-looking risk assessments” could not accurately anticipate climate-related risks, including green swans.

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Paris Agreement Climate Change Stranded Assets Global Economy 94

Envirotec Magazine

MARCH 13, 2020

Banks and asset managers must back up their commitments with action by rapidly ramping up climate-risk standards across sustainable funds as well as their entire portfolios,” said Moira Birss, Climate and Finance Director at Amazon Watch and lead author of the report.

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Stranded Assets Banking Climate Change Development 141

Chris Hall

JANUARY 3, 2024

Dr Tom Gosling, Executive Fellow at London Business School, has argued that some asset managers are effectively pulling their punches on net zero, holding off on implementing their collective and individual commitments, awaiting stronger policy direction from politicians. Lee suggests not. “In

Net Zero 72

Net Zero Paris Agreement Stranded Assets Climate Change 72

Sustainable Development Network

AUGUST 30, 2019

The Inter-American Development Bank (IDB) is supporting countries in the region to achieve these ambitious goals, along with some foreign governments like Germany. Similarly, several industries in the Brazil’s private sector are advancing low carbon strategies and exploring new business models for the future.

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Paris Agreement Stranded Assets Decarbonize Climate Change 52

Envirotec Magazine

SEPTEMBER 17, 2021

Commercial financial institutions worldwide continue to support coal power plant development indirectly, despite having implemented policies to exclude direct financing of new coal-fired generation assets.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

Corporate Knights

JANUARY 25, 2023

Since the asset management division of French banking group BNP Paribas began looking more closely at climate-related lobbying in 2018, it has seen “a rapid uptick in engagement on this issue by institutional investors,” according to spokesperson Claire Schiff. Investor pushback Investors are paying attention.

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Climate Change Net Zero Stranded Assets Shipping 297

Chris Hall

MARCH 16, 2022

Launched in 2018, they act as a global guiding framework for banks, insurers and investors. They were developed by the European Commission, World Wide Fund for Nature (WWF), the World Resources Institute and the European Investment Bank (EIB) and are hosted by UNEP FI as part of the Sustainable Blue Economy Finance Initiative.

UNEP 98

UNEP Banking Paris Agreement Stranded Assets 98

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

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 simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

SEPTEMBER 29, 2023

These plants are expected to operate for decades and risk becoming “stranded assets” if they retire early. These countries need more financing and alternative energy solutions, while at the same time, many have young coal fleets and new plants still under development.

Development 69

Development Net Zero Supply Chains Supply Chain 69

Chris Hall

JULY 14, 2023

However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market.

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Richard Matthews

FEBRUARY 21, 2022

Fossil fuels are at high risk of becoming stranded assets and PEs have a significant stake in the energy sector. In the first half of 2021, 80 percent of energy money went towards renewables or 25 times fossil fuel asset funding. Banks are now providing more funding to clean sources of energy than to fossil fuels.

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Impact Investing Value Creation Net Zero Stranded Assets 77

Chris Hall

MARCH 2, 2022

Even Germany’s decision to permanently shelve Nord Stream 2 , the partial ejection of Russian banks from Swift , and oil and gas majors exiting equity partnerships with Russian companies in recent days have been ignored by the former intelligence officer. Economic sanctions have so far failed to shake President Vladimir Putin’s resolve.

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Net Zero Stranded Assets Global Economy Supply Chains 98

Chris Hall

MAY 11, 2022

For example, a decision not to invest in a high-carbon asset because of financial concerns about stranded assets is likely to be seen as consistent with fiduciary duties, providing that the decision is based on credible assumptions and robust processes. However, they also depend upon and can adversely affect them.

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UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

OCTOBER 27, 2023

But once those concessions are included in protected areas, the ability of those companies to exploit or operationalise those assets becomes much more challenging. This has echoes of the issue of stranded assets arising from decarbonisation of the energy supply over the past decade or so.”

Net Zero 83

Net Zero Supply Chains Supply Chain Stranded Assets 83

Chris Hall

OCTOBER 10, 2022

Financial institutions need to segment their portfolios into transition, net zero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for Net Zero (GFANZ).

Net Zero 52

Net Zero Stranded Assets Banking UNEP 52

Chris Hall

APRIL 20, 2022

C or below will leave a substantial amount of fossil fuels unburned and could strand considerable fossil fuel infrastructure. Depending on its availability, CCS could allow fossil fuels to be used longer, reducing stranded assets.”. What is carbon capture and storage? What role are governments playing to facilitate growth?

Net Zero 52

Net Zero Development Climate Change Stranded Assets 52

Jon Hale

AUGUST 26, 2022

Against that backdrop, the Texas move to boycott asset managers that are currently trying to manage the impact of this transition on their portfolios is simply a protectionist delay tactic. including millions of future retirees banking on long-term success?—?standing standing to lose the most.

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Stranded Assets Climate Change Sustainable Investment Banking 52

Chris Hall

MARCH 29, 2022

Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero roadmap , after challenges to shareholder resolutions were rejected. . Risk of stranded assets . at Trillium Asset Management.? “In degrees Celsius.

Net Zero 52

Net Zero UNEP Banking Stranded Assets 52

Chris Hall

NOVEMBER 16, 2022

billion of first-phase financing, through mechanisms including grants, concessional loans and investments and risk sharing instruments, but it has taken time for details to be worked out on how funding would be channelled to support decommissioning of soon-to-be-stranded assets. . The deal committed US$8.5

Net Zero 52

Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Corporate Knights

JULY 5, 2023

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. It leaves the definition of materiality up to each company to determine, although this will likely be subject to verification by external auditors.

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Greenhouse Gas Protocol Stranded Assets COP26 Development 246