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What does delivering a net zero investment portfolio actually entail?


What does delivering a net zero investment portfolio actually entail?
Jonathan Boyd
How difficult is it to achieve a net zero investment portfolio?
On the face of it, the trend is favourable. BlackRock s CEO Larry Fink has warned companies that they face increased scrutiny of their carbon-cutting plans and US president Joe Biden has outlined $2tr of commitments in support of climate action at a time when thousands of businesses and scores of national governments are unveiling net zero strategies. The EU is pushing ahead with its broader plans for a more sustainable finance sector, while it and other G20 members, including China, are already committed to bolstering financial stability in the face of escalating climate impacts, primarily through the widespread adoption of corporate climate risk reporting in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) recommendations. ....

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Mastercard pledges net zero emissions, innovates for collective climate action


Mastercard is furthering its commitment to create a more sustainable and inclusive digital economy, with a pledge to reach net zero emissions by 2050.
 Understanding that economic growth cannot come at the expense of the planet, the company’s global action plan aims to continue to reduce greenhouse gases (GHG) by remaining focused on the decarbonization of its operations and bolstering its efforts to decarbonize its supply chains.
Mastercard’s net zero goal builds upon its existing GHG commitments that align with the Business Ambition for 1.5°C pledge.  The first in the payments industry to gain Science Based Targets initiative (SBTi) approval for its GHG goals, Mastercard is currently working towards its SBTi-approved goal to reduce total Scope 1 and 2 emissions by 38% and Scope 3 emissions by 20% by 2025 from a 2016 baseline. ....

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