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Institutional and wholesale investors are increasingly willing to divest oil and gas firms and other carbon-intensive holdings to meet netzero commitments, according to a new global study. . Divestment appetite . Real-world outcomes .
“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 netzero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.
Dominique Dijkhuis , Director of Investment Policy at ABP, admits there are limits to engagement in accelerating climate transition, with few companies fitting into a sustainable economy. Over the past decade, many asset owners have made divestments out of fossil fuels.
Managers also reported applying fossil fuel divestment screens across US$1.2 Other priority themes for asset managers incorporating ESG into their investment decisions included avoidance of weapons, tobacco and corruption. Climate change was also the most important ESG issue for asset managers, addressed across US$3.4
Many investors scrambled to divest holdings, leading in some cases to significant financial losses, having failed to heed warnings and indicators that could have alerted them to future risks, including the 2014 annexing of Crimea. trillion, a 50% increase since Covid-19 began. Lessons of experience.
CA100+ centres if attention on companies that are key to driving the global netzero transition, with its focus list comprised of 171 companies, with a total market capitalisation of US$10.3 NetZero Company Benchmark 2.0 A core component of phase two of CA100+ is the evolution of its NetZero Company Benchmark.
The International Energy Agency estimates that US$1 trillion a year to 2050 will need to be spent in developing economies to achieve net-zero GHG emissions. According to global institutional asset manager Ninety One, they are also on a trajectory to represent 90% of emissions growth by 2030.
Notably, the alternative space includes investments that span the ESG spectrum, from impactinvestments to green infrastructure, indicating a preference for ESG-earmarked capital to be invested along more traditional lines. Engagement to the fore.
Utilising a bottom-up investment process, individual issuers will be selected based on HSBC AM’s Sustainability Assessment, and companies will be divested from if they are unable to demonstrate measures that will improve the sustainability of its operations in line with its objectives.
“Environmental issues have been a top priority for trustees, particularly with the publication of the IPCC [Intergovernmental Panel on Climate Change] reports and various commitments to netzero,” she says. Understanding how a portfolio addresses or contributes to systemic risks will help trustees plan for the long term.”.
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