Climate change – Page 13
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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
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News
Work kicks off on database for standardised avoided emissions calculation
Database will initially cover nearly 10,000 ‘avoidance factors’
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News
Danish pension funds supply €300m mezzanine in €4bn H2 Green Steel fundraising
PKA, Pensam, Lærernes, Akademiker contibute to construction of world’s first large-scale green steel plant via co-owned AIP Management
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News
LGPS Central flags ‘coolest climate tech’ at COP28
Non-profit co-founded by Al Gore reveals updated inventory of physical asset-level GHG data in connection with UN climate summit
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News
IIGCC publishes net zero voting guidance, embracing different approaches
‘There is no one-size-fits-all approach to voting’, says investor initiative
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News
KLP, NBIM and AP funds among first to commit to nature disclosures
TNFD is working with the EU’s sustainability-related reporting body, EFRAG, to map the relationship between different nature-related standards being developed
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News
European pension funds turn to co-filing at Shell to up climate credibility
Co-ordinator Follow This hails escalation by 27 leading investors
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News
Nordic pension funds split over owning Saudi Aramco
AP7 said it is in dialogue with KLP about exclusion of the world’s biggest oil company