The Climate Reality Project’s Post

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐡𝐨𝐥𝐝 $𝟒.𝟑 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐛𝐨𝐧𝐝𝐬 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞𝐬 𝐨𝐟 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬. Money that needs to be shifted to supercharge the energy transition - and not fossil fuel expansion. We've looked at the fossil fuel holdings of over 7,500 institutional investors worldwide: pension funds, insurance companies, asset managers, hedge funds, sovereign wealth funds, endowment funds and asset management arms of commercial banks. 👉 We discovered that $4 trillion of the identified institutional investments are in 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐚𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐧𝐞𝐰 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐚𝐬𝐬𝐞𝐭𝐬. A speedy phase-out of fossil fuels is our only hope of avoiding tipping points that lead to an unmanageable climate breakdown. If institutional investors continue backing companies that are still expanding their coal, oil and gas operations, it will be impossible to phase out fossil fuels in time. 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐫𝐚𝐰 𝐚 𝐫𝐞𝐝 𝐥𝐢𝐧𝐞 𝐨𝐧 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞𝐲 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐨 𝐢𝐭 𝐧𝐨𝐰. 𝐓𝐡𝐞 𝐅𝐢𝐥𝐭𝐡𝐲 𝐅𝐨𝐮𝐫 👹   The world’s 4 biggest institutional investors in fossil fuels are all headquartered in the US: Vanguard, BlackRock, State Street, Capital Group. US institutional investors collectively hold $2.8 trillion in fossil fuel companies in 62 countries and account for 65% of total investments in fossil fuel companies. 𝐓𝐡𝐢𝐬 𝐦𝐢𝐫𝐫𝐨𝐫𝐬 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐥𝐚𝐜𝐤 𝐨𝐟 𝐚𝐜𝐭𝐢𝐨𝐧 𝐛𝐲 𝐔𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐬 𝐭𝐨 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐨𝐧𝐢𝐭𝐨𝐫 𝐚𝐧𝐝 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐭𝐡𝐞 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐧𝐝 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐫𝐢𝐬𝐤𝐬 𝐨𝐟 𝐥𝐚𝐫𝐠𝐞 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬. European institutional investors collectively hold $554 billion in stocks and bonds of fossil fuel companies and account for ~ 13% of total investments in fossil fuels. Europe’s largest fossil fuel investor is the Norwegian Government Pension Fund Global (Norges Bank Investment Management) with investments of over $70 billion in the largest fossil fuel expansionists like Shell, ExxonMobil, TotalEnergies. It is folllowed by UBS, Legal & General Investment Management (LGIM), Crédit Agricole Group and its asset manager Amundi, Deutsche Bank with its asset manager DWS Group and Allianz ($24 bn). 𝟐𝟎𝟐𝟒 𝐧𝐞𝐞𝐝𝐬 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐭𝐡𝐞 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭 Central banks and regulators need to finally act on Article 2.1(c) of the Paris Agreement and take measures to ensure that financial flows are in line with Paris instead of pitted against it. Details at https://lnkd.in/e7GQutvY Investing in Climate Chaos is co-published with Stand.earth, Greenpeace, Rainforest Action Network, Fair Finance International, FOSSIL FREE Berlin, Milieudefensie, ReCommon Stop the Money Pipeline, Framtiden i våre hender, Attac Österreich, and others.

📢 The 2024 update of the Investing In Climate Chaos #website is now live! 🌎 Gigantic floods, catastrophic hurricanes, devastating fires, and horrific heatwaves are happening all around the world. 💰 At the same time, investors make gigantic #profits from investing in #fossilfuel #companies which are causing exactly this #climatecrisis. 🤝 At #COP28 in Dubai, the international community agreed to “transition away” from fossil fuels. ❗ In May 2024, however, over 7,500 institutional #investors still held #bonds and #shares in #coal, #oil, and #gas companies to the tune of $4.3 trillion. 💻 The Investing In Climate Chaos website, for which Profundo conducted the financial research, is a tool for citizens’ #movements, #customers and #regulators to hold #pensionfunds, #insurers, and #asset managers accountable. Contributing researchers: Andrea Fernández Tinoco, mara werkman and Ward Warmerdam Explore the data here: https://lnkd.in/e7GQutvY #climate #biodiversity #climatechange #climatecrisis #energytransition #transition #fossilfuels #climatechaos #humanrights #peoplebeforeprofit #planetbeforeprofit

𝐁𝐑𝐄𝐀𝐊𝐈𝐍𝐆: 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐜𝐮𝐫𝐫𝐞𝐧𝐭𝐥𝐲 𝐡𝐨𝐥𝐝 $𝟒.𝟑 𝐭𝐫𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐛𝐨𝐧𝐝𝐬 𝐚𝐧𝐝 𝐬𝐡𝐚𝐫𝐞𝐬 𝐨𝐟 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬. Money that needs to be shifted to supercharge the energy transition - and not fossil fuel expansion. We've looked at the fossil fuel holdings of over 7,500 institutional investors worldwide: pension funds, insurance companies, asset managers, hedge funds, sovereign wealth funds, endowment funds and asset management arms of commercial banks. 👉 We discovered that $4 trillion of the identified institutional investments are in 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐚𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐝𝐞𝐯𝐞𝐥𝐨𝐩𝐢𝐧𝐠 𝐧𝐞𝐰 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐚𝐬𝐬𝐞𝐭𝐬. A speedy phase-out of fossil fuels is our only hope of avoiding tipping points that lead to an unmanageable climate breakdown. If institutional investors continue backing companies that are still expanding their coal, oil and gas operations, it will be impossible to phase out fossil fuels in time. 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐫𝐚𝐰 𝐚 𝐫𝐞𝐝 𝐥𝐢𝐧𝐞 𝐨𝐧 𝐟𝐨𝐬𝐬𝐢𝐥 𝐟𝐮𝐞𝐥 𝐞𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞𝐲 𝐧𝐞𝐞𝐝 𝐭𝐨 𝐝𝐨 𝐢𝐭 𝐧𝐨𝐰. 𝐓𝐡𝐞 𝐅𝐢𝐥𝐭𝐡𝐲 𝐅𝐨𝐮𝐫 👹 The world’s 4 biggest institutional investors in fossil fuels are all headquartered in the US: Vanguard, BlackRock, State Street, Capital Group. US institutional investors collectively hold $2.8 trillion in fossil fuel companies in 62 countries and account for 65% of total investments in fossil fuel companies. 𝐓𝐡𝐢𝐬 𝐦𝐢𝐫𝐫𝐨𝐫𝐬 𝐭𝐡𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐥𝐚𝐜𝐤 𝐨𝐟 𝐚𝐜𝐭𝐢𝐨𝐧 𝐛𝐲 𝐔𝐒 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐬 𝐭𝐨 𝐞𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐨𝐧𝐢𝐭𝐨𝐫 𝐚𝐧𝐝 𝐚𝐝𝐝𝐫𝐞𝐬𝐬 𝐭𝐡𝐞 𝐜𝐥𝐢𝐦𝐚𝐭𝐞 𝐚𝐧𝐝 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐫𝐢𝐬𝐤𝐬 𝐨𝐟 𝐥𝐚𝐫𝐠𝐞 𝐢𝐧𝐬𝐭𝐢𝐭𝐮𝐭𝐢𝐨𝐧𝐚𝐥 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬. European institutional investors collectively hold $554 billion in stocks and bonds of fossil fuel companies and account for ~ 13% of total investments in fossil fuels. Europe’s largest fossil fuel investor is the Norwegian Government Pension Fund Global (Norges Bank Investment Management) with investments of over $70 billion in the largest fossil fuel expansionists like Shell, ExxonMobil, TotalEnergies. It is folllowed by UBS, Legal & General Investment Management (LGIM), Groupe Crédit Agricole and its asset manager Amundi, Deutsche Bank with its asset manager DWS Group and Allianz ($24 bn). 𝟐𝟎𝟐𝟒 𝐧𝐞𝐞𝐝𝐬 𝐭𝐨 𝐛𝐞𝐜𝐨𝐦𝐞 𝐭𝐡𝐞 𝐭𝐮𝐫𝐧𝐢𝐧𝐠 𝐩𝐨𝐢𝐧𝐭 Central banks and regulators need to finally act on Article 2.1(c) of the Paris Agreement and take measures to ensure that financial flows are in line with Paris instead of pitted against it. Investing in Climate Chaos is co-published with Stand.earth, Greenpeace, Rainforest Action Network, Fair Finance International, FOSSIL FREE Berlin, Milieudefensie, ReCommon Stop the Money Pipeline, Framtiden i våre hender, Attac Österreich, and others. https://lnkd.in/eKhNerdM

Report Names Institutions Behind $4.3 Trillion in Climate-Wrecking Investments, https://lnkd.in/g2JWZEFC Fossil Fuel Investment Report: The Filthy Four For the second year in a row, Vanguard holds the sad record as the world’s biggest fossil fuel investor. The US asset management company holds and manages assets of coal, oil and gas companies worth $413 billion. Due to its sheer volume and because it does not have any fossil fuel policy, Vanguard is the number one in fossil fuel investments worldwide. BlackRock, the world’s biggest asset management company, holds rank number 2. Its fossil fuels assets add up to $400 billion. Fossil fuel investors number 3 and 4 are State Street, which holds $171 billion, closely followed by Capital Group, which holds $165 billion. Collectively these four US asset managers hold and manage assets in fossil fuel companies worth $1.1 trillion. https://lnkd.in/gCjPNDVi

🌱 Green bonds fund projects with environmental benefits and reflect a commitment to sustainability. 🗳 But could Trump’s potential re-election negatively impact this market? 👉 Navigate political risks and find opportunities in the green bond market's underlying stability - read our latest piece: https://lnkd.in/dHZx-Q6W 🖊 Subscribe to our daily newsletter to stay on top of the latest industry insights: https://lnkd.in/e2CXdTaK #GreenBonds #Sustainability  #Trump #ESG #Investment #ClimateAction

More and more investment managers in Europe are removing fossil fuel companies from their portfolios as climate risks become more evident. The post More European Fund Managers Prune Their Fossil Fuel Holdings appeared first on CleanTechnica.

Investor briefing on climate resolution 23 at Shell Dear investor in Shell, As we are approaching the AGM season of the oil and gas sector, we address all investors who want to ensure companies’ long-term health and protect the value of their entire investment portfolios. This year, after voting in favour in previous years, 27 investors took a major next step forward by co-filing a climate resolution that supports Shell to align its targets with the Paris Climate Agreement. We trust you will take our briefing into account before you cast your vote for resolution 23 at the Shell AGM on May 21. This is the only resolution put forth at an oil major this year which requests to align emission reduction targets with the Paris Accord; the votes it receives at Shell’s upcoming AGM will resonate across the industry. This year’s vote is especially important as Shell has recently backtracked on its climate targets, doubling down on its determination to continue oil and gas extraction. Now is the time to send a strong signal to the industry that investors are determined to reach Paris. Read the entire investor briefing by Amundi, AXA IM, Scottish Widows, Degroof Petercam, Groupama AM, Edmond de Rothschild, Mandarine Gestion, Pro BTP Finance, London CIV, NEST, Pension Protection Fund, Brunel, Greater Manchester Pension Fund, Ethos Foundation, and Follow This here: https://lnkd.in/e7hbmK-E

"All transformation is investable–and there is widespread consensus around the scale of the economic opportunities that are emerging as companies address climate change." Wise words coming from our partner Impax Asset Management. Is your #portfolio positioned to benefit from the climate transition? Look into our #sustainable fund line-up and let us show you how they can improve your model. More on our #esg products:

Investors beware: Fossil fuel stock harms index returns. Although conventional wisdom holds that excluding any stocks reduces returns from passive portfolios, the opposite has been true in the specific case of fossil fuels during the past decade—LIMITING FOSSIL FUEL EXPOSURE HAS IMPROVED RETURNS. FOSSIL FUEL STOCKS HAVE DRAGGED DOWN MARKET RETURNS OVER THE LAST 10 YEARS. Even in 2023, despite the energy supply crisis since 2022, the fossil fuel sector once again lost ground compared to the market as a whole. My comment: beyond the surely very relevant discussion on pros and cons for divestment vs. engagement looking to the market as a whole, for #fossilfuels, the business case clearly supports #divestment not #activeownership. It is #pensionfunds #pensionskassen FIDUCIARY DUTY to take serious the FINANCIAL MATERIALITY linked to investments via market indexes such as MSCI World for equities and Bloomberg Global Corporate Aggregate for bonds. SWITCHING AWAY FROM CONVENTIONAL INVESTING is A MUST, NOT AN OPTION. For Klima-Allianz Schweiz, I offer a LIST OF RECOMMENDED ADVANCED ESG FUNDS (equity, bonds): https://lnkd.in/gwJMBpxm (German), https://lnkd.in/ghfYxZKm (French) The same list proposes as well EXPLICITLY GREEN AND SUSTAINABLE funds for #impactgeneratinginvesting (infrastructure, private debt, private equity).

Investors accelerating climate action 🌿   Last week was a major milestone. Barclays, one of our key investors, has restricted financing for new oil & gas and committed $1 trillion towards sustainable finance.   This is the kind of leadership we need to accelerate decarbonisation. It signals the risks of investing in outdated technologies and shifts significant money to innovative companies slashing emissions.   As pioneers in sustainable refrigeration, we're proud to have Barclays double down on backing the technologies enabling the low-carbon future.   The cold chain drives immense emissions but also offers huge reduction potential. With supportive investors like Barclays, we believe we can transform the industry by deploying viable electric alternatives at scale.   https://lnkd.in/eEaH4_ia   #sustainablefinance #cleanenergy #coldchain #decarbonization #netzero