Clean Power Marketing Group’s Post

According to a new survey released by international asset manager Robeco, investors are shifting the focus of climate investing strategies, with most looking to allocate funds to climate solutions and strategies focused on ‘brown-to-green’ companies transitioning to lower emissions. The survey also found also growing regional disparities in attitudes towards climate change, with North American investor interest lagging increasingly far behind their European and Asia Pacific peers. Read more on #ESGToday: https://lnkd.in/ezG-xUFP

“U.S. asset managers are much more comfortable demanding climate disclosures from companies than specific action.” Read Grant Harrison's thoughts on how Large U.S. asset managers can show they’re committed to acting on the clean energy transition. https://lnkd.in/ebNVRCFB Climate & Capital Media Climate Group GreenBiz Group, BlackRock, J.P. Morgan State Street, António Guterres, United Nations, UN Climate Change PIMCO, Lindsey Stewart, CFA, Morningstar, Columbia Business School, The New York Times, Andrew Behar, As You Sow #climate #climatechange #climatetech #climateinvesting #climateinvestment #esg #esginvesting #esgreporting #esgdata #esgstrategy #financialservices #greenfinance #climatefinance

J.P. Morgan and State Street have left the Climate Action 100+ coalition and BlackRock has downgraded its affiliation with the group, effectively removing US$14 trillion worth of influence from the investor-led climate initiative. A few months ago, the coalition also deplored insufficient progress on corporate climate targets and asked investors to step up engagement with their portfolio companies to push them towards more decisive action. This is perceived as another reflection of growing political division over environmental, social and governance (#ESG) investment in the United States. Our analysis below, including reactions from Brad Lander, Sasja Beslik and Christoph Klein. https://lnkd.in/ddS4GDa8 #SustainableInvestment #ClimateAction #SustainableFunds #FossilFuels #ChiefSustainabilityOfficer

"If 2024 is to become the year of exponential climate action during which the emissions gap (…) begins closing, investors must show they’re on board through their votes." Read Grant Harrison's thoughts on how Large U.S. asset managers can show they’re committed to acting on the clean energy transition. https://lnkd.in/ebNVRCFB Climate & Capital Media Climate Group GreenBiz Group, BlackRock, J.P. Morgan State Street, António Guterres, United Nations, UN Climate Change PIMCO, Lindsey Stewart, CFA, Morningstar, Columbia Business School, The New York Times, Andrew Behar, As You Sow #climate #climatechange #climatetech #climateinvesting #climateinvestment #esg #esginvesting #esgreporting #esgdata #esgstrategy #financialservices #greenfinance #climatefinance

"If 2024 is to become the year of exponential climate action during which the emissions gap (…) begins closing, investors must show they’re on board through their votes." Read Grant Harrison's thoughts on how Large U.S. asset managers can show they’re committed to acting on the clean energy transition. https://lnkd.in/ebNVRCFB Climate & Capital Media Climate Group GreenBiz Group, BlackRock, J.P. Morgan State Street, António Guterres, United Nations, UN Climate Change PIMCO, Lindsey Stewart, CFA, Morningstar, Columbia Business School, The New York Times, Andrew Behar, As You Sow #climate #climatechange #climatetech #climateinvesting #climateinvestment #esg #esginvesting #esgreporting #esgdata #esgstrategy #financialservices #greenfinance #climatefinance

In today’s business world, ESG (Environmental, Social, and Governance) isn’t just a buzzword — it’s at the top of the agenda for every forward-thinking leader and company. 🌱🌍   In the financial world, we have the influence and responsibility to drive change, not just by funding these projects, but by inspiring sustainable action. 💼💡 Yet, it’s concerning to see some top U.S. firms backpedal from their climate pledges and ESG strategies. It’s crucial we lead with integrity and turn our pledges into action. 🚫🔙   For instance, one of the Big Three largest index fund managers and a prominent U.S. bank exited the Climate Action 100+ investment alliance, resulting in the removal of nearly US$14 trillion in total assets from various ESG initiatives. 💸📉   Subsequently, another major U.S. bank's reversal on abstaining from financing coal infrastructure and Arctic oil exploration signals a worrying retraction in ESG commitments. 🏦🔄   The reversal of ESG commitments by major FS firms could have huge implications for the planet's future. Fossil fuel financing from the world's 60 largest banks has soared to US$5.5 trillion in the seven years following the adoption of the Paris Agreement, according to the 2023 Banking on Climate Chaos report. 📈🌪️   The recent reversals, partly influenced by lucrative opportunities in the fossil fuels sector and political pressure, underscore the need for a more nuanced approach. In this challenging scenario, FS firms must reassess their strategies, integrating rigorous risk assessments and aligning commitments with achievable goals. Amidst prevailing challenges, strengthening internal capabilities, fostering transparency and navigating political and regulatory landscapes effectively are imperative for FS firms to drive #longtermvalue in the ESG arena. 💪🔍🌐   #Sustainability #ESG #SDGs #FinancialServices #ClimateAction #NetZero #ParisAgreement https://lnkd.in/gBp9dPGc

In my latest op-ed, ‘How Financial Markets Can Drive Climate Action,’ I confront what I call a prisoner’s dilemma within energy transition financing. The piece calls on investors and activists alike to recognize this challenge in driving the transition—with a greater sense of urgency as politics makes the future of climate policy more uncertain.  Smart, forward-thinking portfolio strategies should consider: 1) The power of engagement over divestment when dealing with high-emitting companies 2) Why we need to actively seek emissions reductions rather than passively invest in low-carbon industries 3) The unique market opportunities created by the transition to a green economy Major asset owners and investors have a responsibility and an opportunity. Aligning financial goals with climate action will lead to meaningful change while still delivering returns. The choices matter more than ever. A 1% reduction in emissions from an oil company can have a far greater impact than a tech firm going net-zero. Let's think strategically about where we can make the biggest difference. We're at a critical juncture. The decisions we make now in our boardrooms, in our investment portfolios, and in our policy discussions will shape the world for generations to come. I invite you to read my full thoughts on Project Syndicate: https://lnkd.in/eDzSv3yk Let's continue this vital conversation and work together towards a more sustainable, inclusive form of capitalism. Our future depends on it. #ClimateAction #InclusiveCapitalism #SustainableFinance #LeadershipInAction

Robeco’s fourth annual survey of 300 investors reveals wide regional differences in attitudes towards climate investing. The Asia-Pacific (APAC) region powers ahead while interest in North America lags behind. The number of APAC investors for whom climate change is central to, or a significant part of, their investment policy was 79%, surpassing Europe (76%) for the first time. #ClimateInvesting #Climate #Investing

As we confront the escalating challenge of global #greenhousegasemissions , the recent synthesis report from the Independent Global Stocktake (iGST) serves as a sobering reminder: we are perilously off track from the long-term objectives of the #parisagreement. This critical juncture underscores the need for swift and decisive action, particularly from the private sector, which is instrumental in spearheading effective emission reduction strategies. Despite the growing commitment of over 13,000 companies, including their alignment with initiatives like the Science Based Targets Initiative and SME Climate Hub, there's a glaring gap in the growth of corporate climate finance. The modest 5% increase in annual climate finance since 2018 signals a pressing need for more impactful and immediate action. The focus now must pivot to incentivizing investments in underfunded climate priorities, such as reversing nature loss and guiding emerging economies away from new fossil fuel infrastructures. The central role of #carbonmarkets in this scenario cannot be overstated. However, for these markets to function effectively and attract substantial investment, #integrity and #transparency are paramount. Ensuring the credibility and authenticity of #carboncredits, coupled with transparent reporting and #accountability mechanisms, is essential to build trust and confidence in these markets. This approach not only enhances the effectiveness of carbon markets but also aligns corporate climate strategies with global climate goals. Establishing robust standards and frameworks that prioritize integrity and transparency is crucial in guiding the private sector to consider carbon markets as a viable and integral component of their comprehensive climate action efforts. Stewart Dodd José Fernando Martínez Paz Darren Orbart Oliver Nunn Maisie Rose Sarvapali (Gopal) Ramchurn We Mean Business Coalition https://lnkd.in/eRenWHZe