article thumbnail

Large asset managers lagging on net-zero targets

Corporate Knights

As the warming climate drives up temperatures and ignites wildfires across many parts of the globe this summer, a new study shows some of the world’s largest asset management companies have some of the smallest net-zero targets for their portfolios. . trillion in assets, came last at 4% net-zero assets under management.

Net Zero 303
article thumbnail

Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. Freeland was attending the Sustainable Finance Forum, which was organized by Liberal MP Ryan Turnbull and featured a half dozen of her cabinet colleagues.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

All Systems go for Net Zero

Chris Hall

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.

article thumbnail

Climate Change: A Growing Source of Investment Risk and Opportunity

3BL Media

by Jeff Finkelman, Managing Director, Sustainable Investing, Fiduciary Trust International. DESCRIPTION: Climate change represents a growing source of long-term investment risk and opportunity. Inaction will increase the “physical risks” of climate change, such as extreme weather, sea level rise, and wildfires.

article thumbnail

Net Zero for EU Real Estate Hinges on EPBD

Chris Hall

Earlier this year, the Institutional Investors Group on Climate Change (IIGCC) wrote to EU lawmakers, calling for an “ambitious” outcome for EPBD-focused negotiations. The International Energy Agency has outlined that 50% of all existing buildings need to be net zero by 2040, increasing to 85% by 2050.

Net Zero 112
article thumbnail

LGPS Central Net Zero Plans Undeterred by UK Policy

Chris Hall

LGPS Central has stressed that its new Net Zero Strategy for long-term emissions reductions will not be derailed by the UK government’s recent watering down of climate policy. Climate change isn’t going to go away because we’ve got a general election in this country.

article thumbnail

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 Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 147