Remove Climate Change Remove Divestment Remove Net Zero Remove Paris Agreement
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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

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All Systems go for Net Zero

Chris Hall

COP28 reminded investors of the difficulties involved in reaching inter-governmental consensus on intensifying climate action. All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. Some managers might not cover Scope 3 emissions,” he notes.

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‘NOCs’ Knock Investors off Net Zero Track

Chris Hall

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. The targets of 24 of the companies were found to not be aligned with the goals of the Paris Agreement.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 For example, they can engage with their portfolio companies to support emission reduction targets in line with climate science.

Net Zero 147
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P+ Takes Hard Line on Oil and Gas Expansion

Chris Hall

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 Doesn’t Close Door on Engagement

Chris Hall

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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Achieving Net Zero: The Engagement Response we Urgently Need

Chris Hall

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.