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Showing 11 - 20 of 37 results for "financed emissions"

New alliance brings green data to financial markets

ROSE MARY PETRASS  |  MONDAY, 21 OCT 2024  |  NEWS
Financed emissions and climate risk analyst Emmi has teamed up with global data provider FactSet to boost the finance sector's access to data. Following the ethos 'what gets measured, gets managed', Emmi has spent four years developing this ...

Carbon price could stall $600bn super loss

ROSE MARY PETRASS  |  FRIDAY, 4 OCT 2024  |  NEWS
... transition to a low carbon future will cause immediate financial losses due to stranded assets, according to Emmi, a financed emissions data and climate risk analyst. This is because the true current carbon exposure of the ASX300, including Scope 3 emissions ...

AXA IM battles poor data on road to net zero

ROSE MARY PETRASS  |  MONDAY, 30 SEP 2024  |  NEWS
... by 33% in the same time frame, also passing its 2025 target of 25%. AXA IM also announced it will raise its financed emissions target from 70% in material sectors subject to engagement by 2025, to 90% by 2030, after reaching 68.9% in 2023. Engagement ...

CommBank exits fossil fuels as rivals fund Santos

ROSE MARY PETRASS  |  MONDAY, 19 AUG 2024  |  NEWS
... ANZ acknowledged the energy sector was the most emissions-intensive part of its financing. ANZ claimed its financed emissions for the power generation, oil and gas and thermal coal sectors reduced by 25%, 30% and 96% respectively, between 2020 and 2023. ...

Woodside's US$2.35bn gamble raises doubts

ROSE MARY PETRASS  |  MONDAY, 12 AUG 2024  |  NEWS
... Woodside CEO Meg O'Neill said the purchase is "a material step" towards delivering over 60% of its Scope 3 financed emissions target of US$5bn by 2030. Woodside has not set a Scope 3 target, and its Scope 3 emissions are projected to overshoot its ...

Instos continue to fund fossil fuel expansion

ROSE MARY PETRASS  |  MONDAY, 15 JUL 2024  |  NEWS
... US$4.3 trillion worth of bonds and shares in coal, oil, and gas companies, despite many committing to wind down financed emissions. Vanguard ($413 bn), BlackRock ($400 bn), State Street ($171 bn), and Capital Group ($165 bn) were identified as having ...

Westpac looks for next CSO

ROSE MARY PETRASS  |  THURSDAY, 6 JUN 2024  |  NEWS
... 2030. Toohill said Westpac is underway on its sector target of a 23% reduction of Scope 1, 2 and 3 absolute financed emissions by 2030 from a 2021 baseline. "With the final sector target underway, we've almost completed our baseline net-zero requirements. ...

One in three analyse physical climate risk: IGCC

ROSE MARY PETRASS  |  THURSDAY, 30 MAY 2024  |  NEWS
... 62% already align their climate reporting with international standards. Investors increasingly measure their financed emissions, even in asset classes like private equity, which have traditionally posed a challenge. Nearly all (97%) have engaged in climate ...

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... with the imperative to commit to enabling a science aligned progressive fossil fuel phase-out across their financed emissions exposures." FS Sustainability reached out to the banks, but they did not comment at the time of publishing.

Deutsche Bank links 33% of long-term bonuses to non-financial targets

ROSE MARY PETRASS  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... management, anti-money laundering and know-your-client activities. Environmental targets focus on the bank's financed emissions reduction targets for carbon-intensive sectors, in line with its net zero pathway. Seven targeted carbon-intensive sectors ...