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Canadian pension funds are starting to embrace the green transition

Corporate Knights

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. trillion, versus just 7% of $2.1

Net Zero 285
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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

Market participants flag importance of double materiality to enhance Article 8/9 definition alignment, stress need to recognise transition strategies. Risk of uncertainty French asset manager Mirova’s response said the current definition of Article 8 products is “too broad”, while the definition of Article 9 is “too narrow”.

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Building a Dark Green Superhighway

Chris Hall

The rise of taxonomies of sustainable activities reflects a recognition from policymakers that global financial markets depend on a shared classification system if they are to identify ‘greeninvestment opportunities. It is the lack of clear definitions that is slowing progress [in agreeing taxonomies].”.

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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

Levick also noted that the taxonomy could be employed via initiatives such as a net zero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.

Banking 59
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ESG Explainer: Sucking up to Carbon Capture

Chris Hall

Net-zero CO2 energy systems entail: a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system,” says the report. This explainer looks at the potential of CCS in CO2 emissions reduction and the net zero pathways of investee firms in asset owners’ portfolios.

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Five trends that shaped sustainable finance in 2022

Corporate Knights

The year started optimistically, fresh off the bold and ambitious agreement in November 2021 that established the Glasgow Financial Alliance for Net Zero (GFANZ). Here are five trends that helped to shape this astonishing shift, as well as a look to the next 12 months as sustainable finance reimagines its future. In the U.S.,

Net Zero 278
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China’s ESG Policy Dash  

Chris Hall

Currently, there is no clear definition of what constitutes a “greeninvestment, which has led to a proliferation of green bonds that are not truly environmentally friendly.”

Banking 52