A coalition of major investors managing a combined $11tr of assets worldwide is calling on the banks to boost their 2050 climate goals by curtailing financing of activities that contribute to deforestation, land-use change, and fossil fuel expansion.
Aviva Investors, Legal & General Investment Management, Sarasin & Partners, and the Church Commissioners for England are among nearly three dozen investors which have today joined together in urging major banks to set enhanced net zero targets that include interim emission reduction goals, commitments to scale up green finance, and pledges to withdraw financing from recipients showing no evidence of transitioning towards a low carbon future.
Investors managing $11tr of assets urge banks to curtail fossil fuel financing
Time passes at Canary Wharf, at the heart of London s financial hub
Institutional Investors Group on Climate Change calls on banks to back their net zero pledges with moves to halt support for fossil fuels and activities that drive deforestation
A coalition of major investors managing a combined $11tr of assets worldwide is calling on the banks to boost their 2050 climate goals by curtailing financing of activities that contribute deforestation, land-use change and fossil fuel expansion.
Aviva Investors, Legal & General Investment Management, Sarasin & Partners, and the Church Commissioners for England are among nearly three dozen investors which have today joined together in urging major banks to set enhanced net zero targets that include interim emission reduction goals, commitments to scale up green finance, and pledges to withdraw financing from recipients showing no evidence of transitioning tow
Consumer goods giants plot course to deforestation-free supply chains
A coalition of 20 multinational consumer goods firms have developed a roadmap to eliminate commodity-driven deforestation, after pledging last year to deliver a forest-positive impact.
Commodities covered by the coalition include palm oil (pictured), soy and forest products like wood and paper
The roadmap has been produced by members of the Consumer Goods Forum’s (CGF) Forest Positive Coalition of Action. Launched at Climate Week NYC six months ago, the initiative involves corporates that are dependent on forest-related key commodities, including Nestle, Mars, Carrefour and Asia Pulp & Paper.
According to the roadmap, 2021 will be “an integral year” for the initiative. It will see much early-stage work on issues including supplier engagement and education and discussions with policymakers internationally.
Peterborough scheme to provide up to 650,000 sq ft of warehouse space logisticsmanager.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from logisticsmanager.com Daily Mail and Mail on Sunday newspapers.