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Is one of Canada’s largest pension funds quietly divesting from fossil fuels?

Corporate Knights

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. And OMERS might finally be listening. .

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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The guidelines set out MAS’ supervisory expectations for the financial institutions to have a sound transition planning process, enabling effective climate change mitigation and adaptation measures by their customers and portfolio companies to manage the transition to a net zero economy, as well as the physical effects of climate change.

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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions

3BL Media

Creating consistent definitions that are applicable across markets and sectors will help to scale transition finance to ensure real-economy decarbonization, help financial institutions independently identify their risk exposure and the investment opportunity ahead. It also introduces the concept of Expected Emissions Reductions (EER).

Net Zero 147
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The Future of Climate Investing

3BL Media

Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. They need to showcase they are having a positive impact on the climate as well,” said Free.

Net Zero 130
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BlackRock Strikes Back Against Climate Activism Claims

ESG Today

In his most recent annual CEO letter , Fink further detailed the climate-focused investment case, forecasting a “tectonic shift” in capital towards sustainable investing, and calling the decarbonization of the global economy “the greatest investment opportunity of our lifetime.”.

Net Zero 141