Climate change – Page 12
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News
KENFO underweights oil and gas holdings
It will not provide new financing for infrastructure assets in the oil and gas sector that are not in line with NZAOA targets
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News
IIGCC unveils new corporate climate target assessment tool
New metric aims to highlight any misalignment between company emissions pathway and the climate benchmark
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Analysis
TPR to be lobbied after new fiduciary duty, climate report
it is crucial that TPR adds the report’s key messages to its official guidelines, says Maria Nazarova-Doyle
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News
Follow This, Arjuna Capital ask court to throw out Exxon’s lawsuit against them
Shareholders argue there is no subject matter jurisdiction for oil and gas major’s compliant to proceed
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News
French regulator publishes transition plan guide for companies
AMF says transition plans under the CSRD ‘hold great significance for investors and stakeholders’
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News
Mirova creates new DFI-focussed role to boost impact financing in EM
Sébastien Duquet has been with Mirova since 2022 following the acquisition of Mirova SunFunder, a specialist in climate investment in emerging countries
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News
Swiss PACTA to look at financial institutions’ climate impact
This year’s test also covers real estate and mortgages, as well as implantation of regulatory requirements
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News
Study reveals impact of index provider engagement on corporate climate policy
‘Our results show that firms react to index provider requests, at least if they commit a credible threat of exit,’ say MIT sustainable finance experts
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Opinion Pieces
Viewpoint: Investor climate scenarios need to be probability-aware
Riccardo Rebonato, of EDHEC-Risk Climate Impact Institute, argues that climate scenarios need to come with probabilities if they are to be useful for investors
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News
NBIM’s divestment decisions yield NOK10bn returns
‘There is still a way to go before we reach our goal of net zero targets and transition plans for all the companies in the portfolio,’ says Carine Smith Ihenacho
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News
Investors withdraw AGM climate proposal, Exxon sticks with lawsuit
Exxon considers there are ‘important issues to resolve’
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News
France’s ERAFP includes debt refusal in tighter fossil fuel policy
Pension fund also tightens thresholds for thermal coal, unconventional oil & gas
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Country Report
ISIF: Impact investment fund with a difference
The Ireland Strategic Investment Fund’s focus is on driving the sustainable development of the Irish economy
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News
Blue economy can provide investment opportunity, deliver environmental return
A research study shows that investing €1.85-3.4trn globally across the blue economy from 2020 to 2050 would generate €7.5-21trn in net benefits
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News
SBAI agrees emissions risk, impact reporting principles for derivatives, shorts
Alternatives body proposes ‘endorsed emissions’ metric to account for impact sought through divestment or portfolio tilting
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News
PenSam picks S&P Dow Jones Indices to tailor climate-focused index
Danish pension fund CIO says carbon budget indices, plus customisation, let fund ‘achieve our climate objectives in a credible way’
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News
Investors bemoan ExxonMobil legal move against shareholder climate resolution
Oil and gas major says it turned to court in bid to ‘stop abuse’ of shareholder proposal process
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News
GRI revamps biodiversity standard, issues call for investor engagement
Understanding the impacts of organisations is ‘crucial aspect of implementing global solutions to halt and even reverse the damage and address existential threats’, says Carol Adams
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News
IIGCC nears guidance on addressing Scope 3 in investment portfolios
Asset-level engagement in material sectors and categories the way forward, working group suggests
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News
LCP calls on investment managers to focus on real world emissions
The firm has increased expectations on investment managers when it comes to climate change goals, and asks managers to help mitigate systemic climate risk