DAVOS: Are Institutional Investors Prepared for THE GREAT RESET?
Posted on 01/18/2021
A contingency of policymakers, near-monopolistic tech companies, and large corporate CEOs are pushing for The Great Reset agenda. According to the World Economic Forum’s page on The Great Reset, it says, “There is an urgent need for global stakeholders to cooperate in simultaneously managing the direct consequences of the COVID-19 crisis. To improve the state of the world, the World Economic Forum is starting The Great Reset initiative.”
The highly-anticipated Davos event will be held on January 25-29, 2021. The WEF is an influential conference of business leaders, activists, policymakers, institutional investors, and corporate CEOs.
Asset owners alliance offers net-zero protocol
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A protocol to help asset owners set decarbonization targets was released Thursday by the U.N.-convened Net-Zero Asset Owner Alliance.
The Inaugural 2025 Target Setting Protocol is designed to complement individual decarbonization targets for achieving net-zero emissions by 2025.
Asset owners are setting their own targets for Scope 3 emissions, also referred to as portfolio emissions, that are called for under the Paris Agreement.
Scope 3 emissions targets are not expected to be set until data become more reliable, but the alliance requires members to publish interim targets every five years, in line with a similar Paris Agreement requirement for signatories. The next updated emissions reduction plans are due in 2025.
Target Setting Protocol: Investor group worth $5.1tr unveils 2025 portfolio decarbonisation goals
The Alliance boasts 33 members holding $5.1tr of assets worldwide
UN-backed Net Zero Asset Owner Alliance argues capitalism needs to become more sustainable as group sets out plans to slash emissions from investment portfolios and step up engagement with carbon intensive sectors
More than 30 of the world s largest investors have committed to setting and reporting on short-term emissions targets for 2025 designed to put them on track to deliver net zero emissions portfolios by.
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By Susanna Rust2021-01-08T15:30:00+00:00
Members of the UN-convened Net-Zero Asset Owner Alliance have called on the International Energy Agency (IEA) to include a fully developed standalone 1.5°C scenario in the 2021 edition of its influential global energy outlook.
A statement from the 33-strong group, understood to reflect a letter sent to IEA executive director Fatih Birol, takes into account certain advancements laid out in the agency’s latest World Energy Outlook (WEO), with the investors welcoming the inclusion of a net-zero by 2050 case, in addition to other “material shifts”.
Referred to as NZE2050, the case extends the IEA’s Sustainable Development Scenario and, according to the IEA, includes the organisation’s first detailed modelling of what would be needed in the next 10 years to put global CO
CDPQ looks to form more investment partnerships
For the Canadian pension fund, Covid-19 has underlined the value of tie-ups with local and global institutions, and of its long-standing focus on renewable energy.
Canada’s CDPQ is a big fan of partnerships with like-minded investors. The public pension fund is not alone in that, but it has been a particularly keen facilitator of sharing knowledge and networks.
And the coronavirus pandemic has reinforced CDPQ’s faith in its collaborative approach, with more such tie-ups looking likely, as it continues to build its allocation to Asia and in areas such as renewable energy.