Chris Hall

JANUARY 3, 2024

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.

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

SEPTEMBER 7, 2023

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. According to the report, it has the fourth most credible net zero targets of the 25 firms.

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Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

OCTOBER 5, 2022

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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Divestment Net Zero Paris Agreement Sustainable Investment 52

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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Divestment Net Zero Climate Change Banking 52

Chris Hall

SEPTEMBER 21, 2022

“Our long-term return will depend on how the companies in our portfolio manage the transition to a zero emissions society.” . The fund will be engaging with all portfolio companies and asking for science-based short-term, medium-term and 2050 net zero targets.

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Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

MAY 6, 2022

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.

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Net Zero Paris Agreement Divestment Decarbonize 52

Chris Hall

AUGUST 22, 2022

Other commitments in the plan include implementing a climate transition investment framework, integrating climate risk and opportunity assessments into its investment strategy and joining the UN-convened Net Zero Asset Owner Alliance (NZAOA). . Multi-pronged climate engagement .

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Net Zero Paris Agreement Divestment Climate Change 52

Corporate Knights

JULY 11, 2023

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals. The respected investor is now divesting from all fossil fuels by the end of 2023 and will no longer try to engage with oil and gas.

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Net Zero Divestment Paris Agreement Decarbonize 198

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

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Net Zero Decarbonize Divestment Global Economy 147

ESG Today

MARCH 18, 2024

TotalEnergies has set a climate goal to achieve net zero emissions by 2050, and the company said that its focus is first to avoid emissions, and then to reduce them asset by asset, implementing the best available technologies, and to develop industrial projects for carbon storage to address residual emissions. Gulf Coast.

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Net Zero Divestment Decarbonize Shipping 93

Chris Hall

MARCH 16, 2023

Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. HOOPP aims to engage with investee companies to reduce their carbon emissions “brick by brick” and views divestment as “passing the buck”, said Wissell.

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Net Zero Divestment Climate Change Green Investing 52

Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP. These developments are critical.

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Divestment UNEP Banking Net Zero 283

Chris Hall

APRIL 21, 2022

The Institutional Investors Group on Climate Change (IIGCC) has launched a new toolkit to help asset owners and managers enhance their stewardship practices when engaging with companies on their progress transitioning to net zero greenhouse gas (GHG) emissions. . Engagement over divestment .

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Net Zero Divestment Development Climate Change 52

Corporate Knights

JANUARY 24, 2023

and I know insurers are going to be wary about that,” says Jason Thistlethwaite, a professor at the University of Waterloo’s School of Environment, Enterprise and Development. Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects.

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Divestment Climate Change Net Zero Development 355

ESG Today

AUGUST 28, 2022

KLA Commits to Cut Emissions in Half by 2030, Reach Net Zero by 2050. HH Global Ramps 2040 Net Zero Goal to 90% Emissions Reduction. Firmenich Commits to Net Zero Emissions by 2039, Climate Targets Approved by SBTi. Renewable Energy Developer Arevia Power. RWE Acquires Polish PV Developer Alpha Solar.

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Supply Chains Supply Chain Net Zero Divestment 112

ESG Today

FEBRUARY 18, 2024

billion green bond to build new net zero chemical plant, and more. Billion Green Bonds to Fund New Net Zero Chemical Plant Private Equity & Venture Capital Industrial Decarbonization Startup Celadyne Raises $4.5 Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25

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Green Bonds Net Zero Divestment Supply Chains 82

Chris Hall

JANUARY 20, 2023

The Canadian Pension Climate Report Card acknowledged that most funds had made “measurable progress” in developing climate-aware investment strategies. A spokesperson said CPP Investments would continue to invest in and exert its influence in the whole economy transition as active investors, rather than through “blanket” divestment. “We

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Net Zero Divestment Development Climate Change 98

Chris Hall

FEBRUARY 9, 2024

The Net Zero Industry Act (NZIA) , designed to accelerate investment in the clean energy transition, included proven renewable technologies like wind and solar, but also other innovations that have yet to deliver at scale, such as carbon capture and storage (CC S).

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Net Zero Paris Agreement Green Investing Climate Change 78

ESG Today

MARCH 24, 2024

Renewables Developer Avantus Renovare Raising $7.5 Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5 Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5

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Supply Chains Supply Chain Green Bonds Decarbonize 82

GreenBiz

AUGUST 13, 2020

Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. Prices to frack a new well vary widely, depending on whether you’re drilling in West Texas or horizontally to frack under housing developments, varying from $40 to $90 a barrel.

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Divestment Net Zero Zero Carbon Shipping 522

Chris Hall

MAY 10, 2024

Three years earlier, Rathbones had signed up to the Principles for Responsible Investment (PRI), which he had helped develop. Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. Divestment has been a recurring theme across Crossman’s two-decade career.

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Stewardship Code Divestment Net Zero Development 85

Chris Hall

JANUARY 31, 2023

The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero. From 2023 onwards, members are also being asked to set decarbonisation targets on new commercial real estate loans, reporting on progress from 2024.

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Net Zero Divestment Paris Agreement Sustainable Investment 52

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

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Divestment Paris Agreement Climate Change Net Zero 59

Chris Hall

JULY 7, 2023

C being breached next year, adding extra urgency to negotiations at COP28, already certain to be fraught, after recent international summits were characterised by pronounced mistrust between developed and developing nations. This raises the prospect of 1.5°C

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Net Zero Shipping Development Divestment 52

Chris Hall

APRIL 19, 2024

The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the net zero transition. At the core of the centre’s thinking is the integrated transition-planning ecosystem.

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Paris Agreement Net Zero Climate Change Banking 81

Chris Hall

APRIL 25, 2022

Speaking at the City Week financial services symposium in London, she echoed the views of the UN-convened Net Zero Asset Owner Alliance (NZAOA) that 1.5°C The UK’s new Transition Plan Taskforce , for example, is bringing industry, NGOs and governments together to set out what a commitment to net zero should look like. . “It

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

MARCH 10, 2022

“These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said. Walking the walk”.

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Net Zero Paris Agreement Stewardship Code Climate Change 52

Chris Hall

MAY 3, 2022

The NGO even suggests asset managers are “actively maintaining the status quo by backing fossil fuel companies’ management despite inadequate climate strategies and plans to develop new fossil fuel projects”. The effectiveness of proxy voting as an escalation technique is also questionable.

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Net Zero Divestment Greenwashing Banking 52

Chris Hall

JULY 14, 2023

According to research by MSCI, nearly half (44%) of listed companies have now set decarbonisation targets, representing an eight-percentage-point increase than was reported in the October 2022 MSCI Net-Zero Tracker , but only 17% of those targets would align with the 1.5°C

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

NOVEMBER 30, 2023

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month. CA100+ focuses on 171 firms that are key to driving the global net zero transition, with a total market capitalisation of US$10.3

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Net Zero Climate Change Paris Agreement Sustainable Investment 59

Chris Hall

MARCH 31, 2023

Disorderly transition and portfolio risks loom large. 2025 will cause a fundamental re-appraisal For investors with 2030 and net zero commitments, the Stocktake / Ratchet cycle will show that success from significant company and policy engagement since 2015 has been difficult to spot. None of this will be fun.

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Net Zero Divestment Supply Chains Supply Chain 52

Chris Hall

APRIL 14, 2023

trillion in AuM that have committed to transitioning their investment to achieve net zero portfolio GHG emissions by 2050 and drawing on the Net Zero Investment Framework to deliver on that commitment.

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Net Zero Paris Agreement Divestment Global Economy 52

Chris Hall

AUGUST 4, 2023

Patrick Peura , Co-lead of Engagement at the Net Zero Asset Owner Alliance , says coll aborative engagement needs to adapt to survive and thrive. Net zero targets and portfolio decarbonisation have been the test bed for collaborative engagement among asset owners, with encouraging but mixed results.

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Net Zero Climate Change Paris Agreement Divestment 52

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. With pension schemes continuing to commit to net zero and concerns rising about the risks from stranded assets , tensions between asset managers and owners may rise further.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

JUNE 14, 2023

A 2020 Carbon Tracker report outlined how Exxon’s shareholder returns deteriorated between 2007-14, with shareholders losing money between 2014-19, due to the company betting on “high cost, low return” and unsustainable assets in its portfolio of future development projects, including heavy oil and liquified natural gas (LNG).

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Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

AUGUST 23, 2023

To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on Climate Change (IGCC) has developed its ‘ Road to Resilience ’ strategy. International adaptation finance flows to developing countries are ten times below estimated needs, according to the UN’s 2022 Adaptation Gap report.

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Stranded Assets Net Zero Climate Change Divestment 52

Chris Hall

MAY 19, 2022

It assesses the climate-related commitments and performance of 166 focus companies – typically the world’s highest emitters – against its Net Zero Company Benchmark , which was launched in March 2021 and covers emissions reduction, governance and disclosure themes. . Staggered progress . Leading by example .

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