“Catastrophic market failure”: Mispricing gives edge to oil firms that won’t go net zero
Rewarding firms that are dragging their heels on the net zero transition could pose an investment risk, industry experts warn.
Divestment
HSBC: ‘Other banks are following our oil and gas strategy’
Net Zero Investor spoke to Tim Lord, head of climate change at HSBC UK, and Robert King, UK head of sustainable finance at the bank, on what big banks can do if they are serious about sustainability
Adam Matthews: ‘There is a limit to what you can achieve’ with oil and gas engagement
The CofE responsible investment chief drives home the need for institutional investors to reassess how best to engage on climate following a disappointing AGM season
Exclusive: ‘Divest if you foresee an acute risk,’ says Munich Re’s ESG chief
The head of ESG investments at Munich Re speaks about calculating and managing net zero risks in investment portfolios
Shell’s scope 3 emissions face scrutiny in fractious AGM
Shell's 2023 AGM drew focus on the oil giant's energy transition strategy but shareholders rejected a resolution demanding clearer commitments for Scope 3 emission targets.
Smoke and mirrors: Listed firms fail to meet 1.5C target
"Smoke and mirrors: 83% of listed firms fail to meet 1.5C target
Nazmeera Moola: net zero without government policy ‘woefully naïve’
Ninety One’s head of sustainability speaks to Net Zero Investor on both the opportunities and limitations for asset managers when combating emissions
PFZW makes €300m divestment from oil and gas firms
Dutch pension fund PFZW has divested from 78 oil and gas companies as part of a two-year programme focused on high-emitting industries.
Norway’s wealth fund ‘has no exposure left’ in Adani Group
Norges Bank Investment Management’s head of ESG risk monitoring confirmed that the fund has fully divested from the Indian conglomerate due to climate risks.
Kentucky threatens to divest from 11 financial giants
The bluegrass state is the latest to use legal moves as part of the Republican anti-ESG backlash in the US.
UN PRI mounts defence of embattled ESG
Meeting in Barcelona for its first in-person conference in three years, the organisation stressed that ESG had moved from ‘niche to mainstream’.
PAAO progress report highlights value of commitment over quick fixes
Prolonged engagement activities must run parallel to decisive action, inaugural progress report from asset owner body urges.
Norway’s $1.19trn fund issues three-year climate action plan
Sovereign pension fund executives say they need to see tangible evidence at company level of action being taken.