Remove Development Remove Impact Investing Remove Paris Agreement Remove Stranded Assets
article thumbnail

Investors to Hold US Banks and Insurers to Account on Climate

Chris Hall

As a result, this year’s proposals ask the insurers to commit to a time-bound phase-out of underwriting new fossil fuel exploration and development projects aligned with limiting temperature rise to 1.5°C.

Banking 52
article thumbnail

ESG Explainer: Line of Duty

Chris Hall

For example, a decision not to invest in a high-carbon asset because of financial concerns about stranded assets is likely to be seen as consistent with fiduciary duties, providing that the decision is based on credible assumptions and robust processes.

UNEP 52
article thumbnail

ESG Explainer: On the Road to Transition

Chris Hall

At COP26 in Glasgow last year, governments, businesses, and other stakeholders in the automotive industry and road transport committed to “rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement”. Other forms of escalation are now emerging,” says Wiggs.