Tag: Paris Agreement

Investment leaders offer transparent method to report alignment of funds with the Paris Agreement

Stuart Mitchell

A new paper from the Investment Leaders Group (ILG) includes a simple, transparent and scientifically robust method of reporting fund alignment with the Paris Agreement on climate change. The proposed ‘temperature score’ estimates the implied temperature rise of portfolios (and their underlying assets) revealing whether they meet the Paris ambition of limiting global warming to well below 2°C. Understanding the climate performance of investment funds Part 2: A universal temperature score method is the final in a two-part series exploring how investment funds can report their impact on climate stability. The first report found that present forms of disclosure…

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330+ target-setting firms reduce emissions by a quarter in five years since Paris Agreement

Stuart Mitchell

Analysis of 338 companies (including Enel, Mastercard and Tesco) shows companies with ambitious science-based targets (SBTs) are delivering on Paris-aligned ambition, with emissions reductions at scale. SBTi companies deliver on emissions cuts: companies with science-based targets have reduced their combined emissions by 25% since 2015, contrasting with an increase of 3.4% in global emissions from energy and industrial processes over the same period. Target-setters are ahead of schedule: since setting a science-based target, a typical SBTi company is reducing annual emissions at a rate that exceeds the rate needed to…

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BNP Paribas takes another step forward in its commitment to contributing to the Paris Agreement

Stuart Mitchell

Since 2015, several banks, including BNP Paribas, have committed to aligning the greenhouse gas emissions elicited by their loan portfolios with the Paris Climate Agreement. In 2018, during the COP24 in Katowice, Poland, BNP Paribas and four other European banks signed an agreement concerning the development of a common, concrete methodology to make this alignment possible. On September 21st, the signatory banks announced the publication of their first paper on the application this methodology. Imène Ben Rejeb-Mzah (Head of Methodologies and Data within the CSR Department at BNP Paribas), who coordinated this mechanism…

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BP to support investor group’s call for greater reporting around Paris goals

Stuart Mitchell

BP has said that it will support a call from a group of institutional investors for the company to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement. Investor participants of the Climate Action 100+ initiative have proposed a resolution to be put to shareholders at the company’s annual general meeting in May 2019. Following constructive engagement between BP and the investors, the BP Board has decided to support the proposed resolution. BP has supported the aim of the Paris Agreement,…

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Nearly 400 investors with $32 trillion in assets step up action on climate change

Stuart Mitchell

The Investor Agenda launched today in San Francisco will support investors in accelerating and scaling-up the actions that are critical to tackling climate change and achieving the goals of the Paris Agreement. Its launch also demonstrates the significant momentum already evident, with 392 investors with US $32 trillion in assets collectively under management, using The Investor Agenda to highlight climate action they are already taking and making new commitments1. Announced as part of PRI in Person and the Global Climate Action Summit, The Investor Agenda provides a way for investors to…

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