Corporate Knights

SEPTEMBER 16, 2022

Canada ’ s big banks, pension funds and insurance companies are members of the Glasgow Financial Alliance for Net Zero (GFANZ), under which they have committed to bring their investment and lending practices in line with a net-zero economy by 2050. Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking 361

Banking Greenwashing Net Zero Climate Change 361

Corporate Knights

SEPTEMBER 27, 2023

trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. Extraordinary Growth’ in Clean Energy Tech The IEA roadmap is an update of the landmark Net Zero by 2050 scenario that the Paris-based agency first published in May, 2021. trillion in 2023 to $4.5

Net Zero 308

Net Zero Stranded Assets Climate Change Development 308

Corporate Knights

JUNE 19, 2024

For the FNMPC, that equity should come as broadly as possible – including through the inclusion of Indigenous communities in the development of a greener grid that enables Canada to reach net-zero. These plants will need to develop plans to meet Alberta’s net-zero grid targets by 2050 given that new plants may run for decades to come.

Stranded Assets 166

Stranded Assets Net Zero Development Banking 166

Chris Hall

OCTOBER 28, 2022

Orderly path to net zero requires social and natural dimensions to be built into transition plans. . Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . Building blocks . Building blocks .

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Corporate Knights

DECEMBER 9, 2022

The clean energy transition is happening faster than predicted, with renewable deployment rates growing in line with the International Energy Agency’s scenario for reaching net-zero by 2050. While Canadian energy majors have paid lip service to the idea of becoming “net-zero,” their current climate strategies amount to delay tactics.

Stranded Assets 283

Stranded Assets Net Zero Supply Chains Supply Chain 283

Corporate Knights

MARCH 22, 2023

Our new report, produced in collaboration with the Ottawa-based Smart Prosperity Institute and funded by the Trottier Family Foundation, finds that pension managers’ support for the green transition is growing but still nowhere near the pace required to meet global net-zero-carbon targets. 79000 0.14

Net Zero 291

Net Zero Stranded Assets Sustainable Investment Zero Carbon 291

3BL Media

DECEMBER 9, 2023

This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to net zero by 2050 while assuring long-term financial results for its pensioners.

Net Zero 147

Net Zero Stranded Assets Climate Change Manufacturing 147

ESG Today

JANUARY 8, 2024

In his letter, however, Skidmore, while acknowledging “a role for oil and gas in the transition to net zero,” notes that the IEA and UNCCC have said that reaching net zero by 2050 and limiting temperature rise to 1.5C

Net Zero 71

Net Zero Stranded Assets Waste 71

Chris Hall

MAY 12, 2022

Ex-BoE chief calls for “radical new approach” to mobilising investment in emerging and developed markets; also warns of stranded assets. Carney was speaking at the Net Zero Delivery Summit, organised by the City of London Corporation, in association with COP26 Presidency UK and GFANZ. C net zero transition.

Stranded Assets 52

Stranded Assets Net Zero COP26 Banking 52

ESG Today

MARCH 14, 2024

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

Net Zero 100

Net Zero Stranded Assets Paris Agreement Climate Change 100

Corporate Knights

FEBRUARY 8, 2023

While the grid operators in Ontario and Alberta are both “investigating pathways to a net-zero power grid,” CEC points to a fatal flaw in their analysis — they rely too often on obsolete data that may go back as far as 2001, or draw from experience in other countries.

Net Zero 303

Net Zero Stranded Assets 303

3BL Media

MAY 17, 2022

The financial system is increasingly seen as crucial to averting such a scenario – not only to shift toward green investments, like renewable energy, but also to reallocate capital from fossil fuel-related investments to be consistent with net-zero goals. Today, we need three to six times more investment to maintain a livable climate.

Net Zero 130

Net Zero Climate Change Stranded Assets Supply Chains 130

GreenBiz

MAY 20, 2021

In its landmark Net Zero report , the IEA said that there is still a path to limit global warming to 1.5 If the world heeds that advice, we’ll leave a lot of stranded assets lying around. degrees Celsius and avert the worst effects of climate change, but to do so we have to cease oil and gas exploration immediately.

Stranded Assets 325

Stranded Assets Net Zero Regenerative Sustainability Professional 325

ESG Today

MAY 7, 2024

Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%. Additionally, both CEOs (75%) and investors (70%) broadly agree that technology and AI hold the answers to many of the key sustainability challenges facing their companies.

Stranded Assets 122

Stranded Assets Decarbonize Net Zero Greenwashing 122

GreenBiz

FEBRUARY 4, 2021

Every dollar not spent in new ways to cut GHG and to stop the voracious linear economy is investing in future stranded assets. He wants us to embrace the opportunity of climate change and investing; climate risk is investment risk.

Net Zero 409

Net Zero Stranded Assets Climate Positive Climate Change 409

Chris Hall

FEBRUARY 3, 2023

Research by the International Energy Agency (IEA) shows that a major push on energy efficiency could save the equivalent of China’s annual energy usage, as well as 33% of the total additional net zero emission reductions required by 2030. It is also a positive stimulator of growth.”

Net Zero 98

Net Zero Stranded Assets Banking Development 98

Chris Hall

JANUARY 30, 2024

Successful litigation forcing companies to recognise stranded assets, accelerate their net zero transition, or pay damages for their contribution to environmental and human rights harms could pose significant financial shocks in some industries, with investors paying the price.”

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

ESG Today

JULY 25, 2023

Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing global economy, while avoiding creation of stranded assets.

Stranded Assets 80

Stranded Assets Net Zero Clean Technology Global Economy 80

ESG Today

JANUARY 25, 2023

Build more investor confidence in green infrastructure projects The greatest fear that many investors have around investing in green infrastructure projects is that they become “stranded assets.” To prevent this, governments must make a long-term commitment to a green energy source such as hydrogen or nuclear.

Stranded Assets 99

Stranded Assets Paris Agreement Net Zero Supply Chains 99

Chris Hall

FEBRUARY 11, 2022

If you’re struggling to work out whether big oil is serious about reducing carbon emissions in line with net zero 2050 targets, you’re in good company. The UK firm’s updated net zero strategy was hailed by some as a blueprint for the industry, and was welcomed by major investors. But how can you be sure?

Net Zero 52

Net Zero Supply Chains Supply Chain Stranded Assets 52

Chris Hall

FEBRUARY 16, 2023

The firm holds an A+ score from the Principles for Responsible Investment investor network, and was one of the founding signatories to the Net Zero Asset Managers initiative. Mitchell said: “It’s really important that both approaches are taken in the context of sustainable investing.

Green Bonds 52

Green Bonds Net Zero Stranded Assets Paris Agreement 52

Chris Hall

JUNE 23, 2022

The report warns that fossil fuel demand will peak as government policies to cut emissions, asset owners’ net-zero commitments and the rapid growth of clean energy technologies combine to transition the economy towards renewables. This is especially important now as fossil fuel prices and related company stocks soar.” .

Net Zero 40

Net Zero Stranded Assets Paris Agreement Climate Change 40

Chris Hall

MAY 19, 2023

Yet, despite this uncertainty, decarbonisation is a megatrend; driven by the need to reach net zero by 2050 if the world is to avoid catastrophic climate change. Meanwhile, the EU recently announced the Net Zero Industry Act to rival this plan, and “make Europe the home of cleantech and industrial innovation on the road to net zero”.

Net Zero 52

Net Zero Stranded Assets Development Decarbonize 52

Chris Hall

JANUARY 30, 2024

Successful litigation forcing companies to recognise stranded assets, accelerate their net zero transition, or pay damages for their contribution to environmental and human rights harms could pose significant financial shocks in some industries, with investors paying the price.”

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

We Mean Business Coalition

NOVEMBER 8, 2022

As an example of the scale we are talking about, t he Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero, represents over $130 trillion of private capital. . This means disclosing opportunities and risks. What are the barriers to action?

Net Zero 52

Net Zero Stranded Assets COP26 Greenwashing 52

Chris Hall

APRIL 21, 2023

This AGM season, investors have filed numerous shareholder resolutions to accelerate finance sector action to address climate risks and meet net zero commitments.

Banking 52

Banking Net Zero Stranded Assets Climate Change 52

3BL Media

AUGUST 23, 2022

When planning phases span decades, it is important to avoid the consequences of getting locked into path dependency or stranded assets by having a clear understanding of technology maturity and cost. “Decarbonisation strategies require the long view.

Stranded Assets 100

Stranded Assets Net Zero Development 100

Chris Hall

MAY 7, 2024

Mining giant BHP’s bid to acquire Anglo-American would create the world’s biggest shipper of metallurgical coal and a global mega-polluter, exposing shareholders to stranded asset risk as the world moves away from fossil fuels, a think tank has warned.

Stranded Assets 59

Stranded Assets Net Zero Manufacturing Banking 59

Corporate Knights

JANUARY 25, 2023

BASF resists the characterization, pointing to its track record – since 1990, the company has reduced its greenhouse gas emissions by 50% – and its objective to achieve net-zero by 2050 (five years later than the German national target of 2045).

Climate Change 303

Climate Change Net Zero Stranded Assets Shipping 303

Chris Hall

MAY 4, 2022

It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .

Net Zero 52

Net Zero Carbon Offsets Paris Agreement Climate Change 52

Corporate Knights

AUGUST 15, 2022

A week later, then-finance minister Scholz announced a 65% emissions reduction target for 2030 and a 2045 deadline to bring emissions to net-zero. Building a new LNG export facility in Canada sounds like an enormous stranded asset in the making.”.

Stranded Assets 353

Stranded Assets Shipping Net Zero Manufacturing 353

Chris Hall

APRIL 13, 2022

CME Energy, a US-based utility company, has agreed to expand the scope of its net zero GHG emissions commitment to include its natural gas production and delivery system by 2050, in response to a shareholder proposal filed by the Sisters of the Presentation of the Blessed Virgin Mary of Aberdeen, South Dakota. Pressure on Amazon.

Paris Agreement 98

Paris Agreement Net Zero Greenhouse Gas Protocol Stranded Assets 98

Chris Hall

JUNE 21, 2023

billion to acquire 335 million barrels of oil in Texas and Mexico,” said Patrick DeRochie, Senior Manager of Shift. “The CPPIB is risking our national retirement fund on stranded assets and investing in a future of ever-worsening climate disaster.” The post CAFA to Catapult Canada to Climate Leader appeared first on ESG Investor.

Banking 97

Banking Net Zero Stranded Assets Climate Change 97

Chris Hall

MARCH 13, 2023

CCUS and blue hydrogen inclusion seen as slowing Canada’s net zero transition, while finance leaders urge stakeholders to “get on with it”. Produced by Canada’s Sustainable Finance Action Council (SFAC) , the proposed framework outlines two categories for sustainability-focused investments.

Net Zero 52

Net Zero Stranded Assets Development Greenwashing 52

Envirotec Magazine

SEPTEMBER 17, 2021

This stands in contrast with China’s domestic energy policy, which is prioritizing a transition to renewable energy, peak emissions before 2030 and a net-zero economy by 2060. Of course, China is not the only culprit. The full knowledge brief is available here.

Net Zero 52

Net Zero Stranded Assets COP26 Development 52

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 C alignment requires asset owners to engage with corporate value chains, policymakers and asset managers. . Alignment isn’t always about a temperature rise.

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52