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Canadian pension funds are starting to embrace the green transition

Corporate Knights

A group of finance experts tasked with developing a definitive taxonomy of sustainability for Canadian investors has just filed a preliminary roadmap, but they likely won’t publish a detailed taxonomy until 2025. They have a big role to play in facilitating the transition to a low-carbon economy.”

Net Zero 291
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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. The definition covers initiatives that support fossil fuel consumption or activities, and funding that disproportionately benefits the fossil fuel sector. Carbon Capture Backed by Carbon Offsets?

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Stranded Workers a Risk in Unjust Transition

Chris Hall

However, she noted that the “lack of a universal definition of just transition” does make it more challenging for financial institutions looking to incorporate social factors into their net zero strategies. . Just transition is going to be different across communities and geographies,” she said. .

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All Systems go for Net Zero

Chris Hall

All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments. It could also accelerate the nascent shift toward a broader definition of stewardship, as well as a possible rethink around the obligations of fiduciary duty. Lee suggests not. “In

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Energy Efficiency Must Move “Higher up the Agenda”

Chris Hall

CRREM also facilitates analysis of stranded asset risk and makes decarbonisation in the commercial real estate sector measurable, he says. CRREM is perhaps one of the most successful EU funded research projects for energy efficiency due to the rapid take up by real estate investors and integration into net zero guidance reports.

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Beware the Green Swan

Chris Hall

When asked why economists are failing to re-evaluate their approach to modelling climate-related risks, Philipponnat says that it’s due to a mixture of difficulties in breaking old habits and uncertainty over so-called ‘Green Swan’ events – a concept used to highly impactful and potentially financial disruptive events related to climate change (..)

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Breaking Down Responsible Investment

Sense and Sustainability

Key Definitions What does it mean to invest responsibly? Using this definition, the environmental pillar most notably encompasses considerations of climate change in terms of physical and transitional risk for companies, given the projected impacts of climate change.