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

3BL Media

SEPTEMBER 29, 2023

Support for decarbonisation has also been spurred on by Climate Action 100+ , a group of over 570 investors engaging with large organisations to take action on climate change and drive emission reductions, with further pressure on investment groups anticipated as more focus is placed on their emissions and climate impacts.

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Net Zero Divestment Banking Stranded Assets 147

Chris Hall

JANUARY 12, 2024

Understanding the extent of this transition risk, and its impact on investor returns, is vital in the construction of net zero portfolios. Net zero portfolios aim to reduce aggregate carbon emissions to zero by a specific date. In this way, net zero portfolios can be a tool for both divestment and engagement.

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Net Zero Divestment Supply Chains Supply Chain 57

Chris Hall

SEPTEMBER 7, 2023

Investors that have set net zero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. According to the report, it has the fourth most credible net zero targets of the 25 firms.

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Net Zero Carbon Offsets Paris Agreement Divestment 77

Chris Hall

SEPTEMBER 1, 2022

Following on from its net zero commitment last year , the board of the California State Teachers’ Retirement System (CalSTRS), an educator-only pension fund, has adopted a “total fund plan” to meet its target. . US pension scheme’s “total fund plan” includes 2030 target and will be updated in line with scientific analysis. .

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Net Zero Divestment Climate Change 52

Chris Hall

OCTOBER 5, 2022

An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .

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Divestment Net Zero Paris Agreement Sustainable Investment 52

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. Blanket divestment is not the best way to maximise returns without undue risk of loss. Whole economy transition.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

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

Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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Divestment Net Zero Climate Change 52

Chris Hall

SEPTEMBER 21, 2022

“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. Raising ambition .

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Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

MAY 6, 2022

Similarly, Accenture has found – as exemplified by assessing the 1,000+ largest listed European companies – that the vast majority are not on track to hit their net zero climate goals. Reaching net zero. Still however, there is no standardisation on how to evaluate and validate forthcoming targets.

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Net Zero Paris Agreement Divestment Decarbonize 52

Chris Hall

APRIL 9, 2024

The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. P+, which has more than 110,000 members, recorded a 78.2% P+, which has more than 110,000 members, recorded a 78.2%

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Divestment Paris Agreement Net Zero Academics 57

Chris Hall

AUGUST 22, 2022

“The Climate Action Plan is just one aspect of our approach,” Minns told ESG Investor. “We But in the immediate term climate change rose to the fore and we wanted to put our plan on paper.” . Multi-pronged climate engagement . We are looking at our approach across a variety of other environmental and social factors.

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Net Zero Paris Agreement Divestment Climate Change 52

Corporate Knights

NOVEMBER 24, 2023

By pledging to grow its portfolio of oil and gas assets, CPPIB is making an alarming bet on the world failing to limit global heating to safe levels, putting the CPP at risk from an accelerating energy transition and our retirement security at risk from catastrophic climate change. This “consensus” is imaginary.

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Divestment Climate Scientist Chief Sustainability Officer Net Zero 360

Corporate Knights

JANUARY 24, 2023

In August of that same year, reinsurance company Munich Re published a report on the devastating impacts of recent floods, warning of the risks of climate change. It’s the result of rapidly increasing underwriting losses to climate-driven events that insurers and reinsurers are seeing worldwide.” In Canada, that year saw $2.1

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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

Chris Hall

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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Net Zero Divestment Climate Change Green Investing 52

GreenBiz

FEBRUARY 9, 2021

Some previously untargeted companies, brands, institutional investors and geographies will be thrust into the limelight as central problems in the battle against climate change. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climate change.

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Greenwashing Climate Change Divestment Net Zero 468

Chris Hall

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. “It

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Divestment Paris Agreement Net Zero Climate Change 69

Chris Hall

APRIL 21, 2022

The Institutional Investors Group on Climate Change (IIGCC) has launched a new toolkit to help asset owners and managers enhance their stewardship practices when engaging with companies on their progress transitioning to net zero greenhouse gas (GHG) emissions. . Engagement over divestment .

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Net Zero Divestment Development Climate Change 52

Corporate Knights

OCTOBER 17, 2022

Adam Scott is d irector and Patrick DeRochie is s enior m anager for Shift Action for Pension Wealth and Planet Health, a charitable initiative that tracks the climate strategies of Canadian pension funds and works to protect pensions and the climate by bringing together beneficiaries and their pension managers to engage on the climate crisis. .

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Net Zero Sustainable Investment Zero Carbon Greenwashing 363

Chris Hall

APRIL 1, 2022

The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. . If necessary, we will support a change in leadership to meet these standards.” .

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Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

FEBRUARY 9, 2024

The Net Zero Industry Act (NZIA) , designed to accelerate investment in the clean energy transition, included proven renewable technologies like wind and solar, but also other innovations that have yet to deliver at scale, such as carbon capture and storage (CC S).

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Net Zero Paris Agreement Green Investing Climate Change 74

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. The Alliance uses the Intergovernmental Panel on Climate Change (IPCC) 1.5°C trillion in AUM, up from US$7.1

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Net Zero Global Economy Divestment Climate Change 65

Chris Hall

NOVEMBER 30, 2023

Climate Action 100+ (CA100+) has increased investor representation on its global steering committee, adding Phoenix Group Head of Stewardship Valeria Piani alongside five others to further expand its geographic experience and expertise.

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Net Zero Climate Change Paris Agreement Sustainable Investment 57

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. Extreme weather events are the biggest contributor to power outages and will increase with climate change, which the Department of Energy estimates costs the U.S.

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Divestment Net Zero Zero Carbon Shipping 524

Chris Hall

FEBRUARY 4, 2022

McMurdo says it is critical that large institutional investors unite if they are to realise change. McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in net zero plans. Disputing divestment. This is made worse by many of the existing compensation structures.”.

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Net Zero Divestment Supply Chains Supply Chain 98

Chris Hall

JANUARY 20, 2023

The report criticised the firm for not making clearer its expectations on net zero targets and plans to investee firms by enshrining these in policy, but welcomed its development and use of tools to direct how it engages on climate.

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Net Zero Divestment Development Climate Change 98

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

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Divestment Paris Agreement Climate Change Net Zero 57

Chris Hall

APRIL 19, 2024

As global momentum builds behind transition planning, Mark Manning, Senior Visiting Fellow at the London School of Economics, makes the case for a systemic response to the challenges of climate change. Arguably, we need to be thinking about transition planning as a system response to the challenges of climate change.”

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Paris Agreement Net Zero Climate Change Banking 79

Chris Hall

MARCH 10, 2022

The DWP issued a consultation last October on proposed changes to the Occupational Pension Schemes (Climate Change Governance and Reporting) Regulations 2021 to require trustees to calculate and disclose a portfolio alignment metric to show alignment with the goal of limiting climate change to 1.5 degrees Celsius.

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Net Zero Paris Agreement Stewardship Code Climate Change 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

JANUARY 30, 2024

The risk could also manifest in strategic litigation being brought or encouraged by NGOs seeking to compel or exert pressure on investors to change investment strategy. Investors often underestimate indirect legal risks despite the financial toll of lawsuits against investee companies,” Clarke said.

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Greenwashing Stranded Assets Banking Net Zero 77

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 19, 2022

It assesses the climate-related commitments and performance of 166 focus companies – typically the world’s highest emitters – against its Net Zero Company Benchmark , which was launched in March 2021 and covers emissions reduction, governance and disclosure themes. . Staggered progress .

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Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. When it comes to gathering the collective will to tackle climate change, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

MAY 3, 2022

Investor engagement with companies on climate change has come under the spotlight, with some warning of shortcomings with current processes. As calls for more urgent measures on climate change grow, strengthening engagement processes is on the agenda. How should engagement work in principle?

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Net Zero Divestment Greenwashing Banking 52