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Net zero transition – the latest signals of change: March 24, 2023

We Mean Business Coalition

Signals of change in the net zero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. The post Net zero transition – the latest signals of change: March 24, 2023 appeared first on We Mean Business Coalition.

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Passive Assets Standing in the Way of Net Zero Commitments

Jon Hale

Last week, I discussed the promising news about the net-zero commitments asset managers have been making. The Net Zero Asset Managers initiative now has 220 signatories with $57 trillion in assets under management. The chief culprits in the failure to hit net zero targets are index funds.

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KKR 2021 Sustainability Report: Climate

3BL Media

Set net-zero by 2050 goals at three private markets funds that are currently being raised. 4th webinar presented, focusing on what carbon offsets can – and can’t – do as part of our Climate Action webinar series. 1st Climate Action Report published, in line with TCFD recommendations.

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NZAOA: Climate Action “Material to Mandates”

Chris Hall

Asset owners committed to net zero have outlined heightened expectations around asset manager assistance on climate-related voting and engagement. The webinar presented two case studies for each of the three guideline topics.

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NZAOA Gets to Grips with Decarbonising Debt

Chris Hall

Other indicators are still under consideration by ASCOR, including the question of whether a country’s net zero target is enshrined in national climate law. The TSP outlines how the 86 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

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Deforestation Laggards at Risk from EUDR “Teeth”

Chris Hall

It comes as investor focus on deforestation, to achieve net zero targets, steps up. It found that of 700 financial institutions with high profile climate and net zero commitments only 21% recognise deforestation as a business risk.

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Take Five: Lessons Learned

Chris Hall

COP28 President Sultan Al Jaber found it necessary to emphasise his commitment to science , after an ill-tempered webinar circulated in which he said there was no scientific evidence to suggest 1.5°C Siding with science – The week in Dubai started with a row about a row. C would be reached by the phase-out of fossil fuels.