Chris Hall

MARCH 21, 2022

Institutional and wholesale investors are increasingly willing to divest oil and gas firms and other carbon-intensive holdings to meet net zero commitments, according to a new global study. . Divestment appetite . Real-world outcomes .

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3BL Media

MAY 17, 2022

DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations Climate Change Conference , COP26, declared that the climate crisis is at a critical inflection point. C commitment and 7,126 companies have joined the Race to Zero. SOURCE: Antea Group.

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ESG Today

DECEMBER 7, 2022

Vanguard, one of the largest investment managers in the world, announced today that it is withdrawing from the Net Zero Asset Managers initiative (NZAM), a major multi-trillion dollar group of investment managers committed to supporting the goal of net zero greenhouse gas emissions by 2050.

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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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Chris Hall

JANUARY 12, 2024

Understanding the extent of this transition risk, and its impact on investor returns, is vital in the construction of net zero portfolios. Net zero portfolios aim to reduce aggregate carbon emissions to zero by a specific date. In this way, net zero portfolios can be a tool for both divestment and engagement.

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Net Zero Divestment Supply Chains Supply Chain 59

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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GreenBiz

JUNE 8, 2022

Divesting might help these organizations achieve their net-zero targets, but how can we really solve the core problem?

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3BL Media

SEPTEMBER 29, 2023

South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. They can also divest from high-emitting industries such as thermal coal production. When developing an investment decarbonisation approach aligned with +1.5°C

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Net Zero Divestment Banking Stranded Assets 147

Chris Hall

SEPTEMBER 1, 2022

Following on from its net zero commitment last year , the board of the California State Teachers’ Retirement System (CalSTRS), an educator-only pension fund, has adopted a “total fund plan” to meet its target. . The post CalSTRS Builds on its Net Zero Commitment appeared first on ESG Investor.

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Net Zero Divestment Climate Change 52

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

Environmental Finance

OCTOBER 7, 2022

The treasurer of Louisiana has pledged to divest from all investments made by the state in BlackRock funds in a further escalation of the sustainable investing political backlash in the US.

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Divestment Net Zero Sustainable Investment 45

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. Blanket divestment is not the best way to maximise returns without undue risk of loss. Whole economy transition.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

ESG Today

FEBRUARY 12, 2024

In a blog post announcing the divestments, PFZW described the remaining companies as “fully committed to the transition from fossil energy to renewable energy or are currently already producing mainly energy with a low carbon footprint.” Overall, PFZW exited its investments in 310 companies, selling €2.8 billion of securities.

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Environmental Finance

APRIL 11, 2024

The real-world impact of investors' net zero commitments is currently unclear, according to Ninety One Asset Management, calling on investors to "shift focus from reducing financed emissions to financing reduced emissions".

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Chris Hall

MAY 17, 2022

Two of the largest public pension schemes in the US face a critical legislative hearing this week which could shape the pace and nature of their net zero pathways. It requires divestment by 1 July 2027, and annual reports to be submitted to the legislature and Governor from February 2024.

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Environmental Finance

SEPTEMBER 20, 2022

Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".

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Net Zero Divestment Banking 45

Chris Hall

FEBRUARY 15, 2023

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.

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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

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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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

Chris Hall

APRIL 9, 2024

The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. According to Global Fossil Fuel Divestment Commitments Database, the value of financial institutions divesting has reached US$40.76 are pension funds.

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Corporate Knights

JANUARY 16, 2024

The sector, moreover, isn’t on track to achieve net-zero targets, despite investments in new forms of low-carbon energy for steel plants. For example, Sims finally divested itself of part of its municipal recycling business – a large blue-box operation in New York City. Photo courtesy of Sims Ltd. In 2022, a B.C.-based

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Environmental Finance

MARCH 26, 2024

Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a damning report.

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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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Chris Hall

APRIL 5, 2024

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Most – but not all – of these funds have also put in place interim targets.

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Corporate Knights

NOVEMBER 24, 2023

He shared the stage with Teine Energy and Wolf Midstream, two Alberta-based fossil fuel companies owned by CPPIB – neither of which have committed to net-zero emissions. CPPIB’s reluctance to acknowledge the need to phase out fossil fuels might also be influenced by the oil and gas interests prominently represented on its board.

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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

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

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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.

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ESG Today

JUNE 19, 2023

In additions to significantly growing its dial-movers list from 60 companies to 105, the expectations for those companies has been expanded to incorporate biodiversity risk and climate lobbying, in addition to net zero target setting and climate-related disclosure. C scenario. C scenario.

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Net Zero Divestment Banking Shipping 76

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 ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.

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Net Zero Divestment Climate Change Green Investing 52

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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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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Chris Hall

MAY 25, 2023

The large UK asset owner releases its first net zero transition plan, warning longer-term goals will be difficult without robust policy support.

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Net Zero Divestment Chief Sustainability Officer Climate Positive 52

Chris Hall

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold? Nest also views climate change as a systemic risk.

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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.

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