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Showing 21 - 30 of 43 results for "financed emissions"

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 ...

Podcast: Speaking truth to power on climate finance

THE GREENER WAY  |  MONDAY, 5 FEB 2024  |  NEWS
... Australia's sustainable finance strategy and net zero targets. Here to help us understand it all is Nishtha Aggarwal, financed emissions analyst at think tank Climate Energy Finance. Recently, Climate Energy Finance analysed the utility of using ...

ART outlines road to net zero 2050

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023  |  NEWS
... equities portfolio by 2030. ART defines "priority companies" as those that contribute 70% of the fund's financed emissions. "This target proposes to include formal objectives, timeframes and escalation measures for direct engagements." As at 30 June ...

Investments at risk: Finance "out of step" with climate science

ROSE MARY PETRASS  |  THURSDAY, 3 AUG 2023  |  NEWS
... transition risk, rather than physical risk. Emmi is a tech platform that provides institutional investors with financed emissions and transition risk analysis across major asset classes Lebbon told FS Sustainability that the distinction between physical ...

Mike Ng named first chief sustainability officer for OCBC

ROSE MARY PETRASS  |  WEDNESDAY, 26 JUL 2023  |  NEWS
... May announced decarbonisation targets for six sectors and the key actions needed to achieve net zero in its financed emissions by 2050. It launched two new sustainable banking products for corporates this year: the OCBC 1.5°C loan and a green loan offering ...