Climate change – Page 39
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FeaturesWe need better climate models to manage global warming impacts
Travelling back to the UK from Sri Lanka in July, I experienced a 10-degree temperature rise with the UK hitting over 40°C. While some people may argue that such extreme temperatures in the UK could just be a statistical anomaly, climate scientists such as Tim Palmer, Royal Society research professor in climate physics at Oxford University, who I spoke to at length on the subject, have no doubt that global mean temperatures are rising as a result of greenhouse gas emissions caused by human activities.
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Opinion PiecesHeatwaves remind us climate finance is more than net zero
In the middle of the now-famous speech that ended Stuart Kirk’s tenure as HSBC’s head of responsible investment, he said something that got lost. While most of Kirk’s controversial May presentation on ‘why investors need not worry about climate risk’ was picked apart on social media and in the press – resulting in his suspension and exit from the asset manager – his slide on climate adaptation (or ‘adaption’) was largely ignored.
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NewsVelliv sets clear targets for climate action
The plan is to plan to reduce CO2 emissions by 60% in 2030 and be CO2 neutral by 2050
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Chancellor Scholz in talks with Canadian pension funds for investment in Germany
German chancellor spoke with pension schemes about investments in general, although energy and renewable energy were topical
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NewsNBIM wants extras in reporting requirements on transition plans
Norway’s SWF manager lauds transparency around offsets in IFRS climate disclosures draft
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Border to Coast to set out net-zero roadmap this autumn
UK local government pensions pool to publish detailed plan a year after making 2050 climate pledge
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NewsNorway’s SWF manager pushes for companies to set science-based targets
Smith Ihenacho pens response to UK’s blueprint for company transition plans, ‘broadly agreeing’ with principles, key elements
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Most businesses not factoring in second-order climate risks, says firm
Countries ranked in terms of preparedness for knock-on effects of climate change – civil unrest, mass migration
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Tesla, Saudi Aramco among giants targeted in environment data campaign
‘Engagement critical to driving disclosure, and disclosure is first step to environmental action,’ says CDP
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Danish government tweaks pension rules to help fund climate plans
Lobby group IPD calls financing of green fund ‘good, and well thought out’
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KLP joins carbon accounting group, saying collaboration is key
Norwegian municipal pensions heavyweight subscribes to Partnership for Carbon Accounting Financials (PCAF)
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NewsIIGCC calls for ‘ambitious, speedy’ resolutions on key EU climate files
CEO writes to ministers, leaders ahead of EU Council energy and environment meetings
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KLP adds new sustainability roles for more credibility in talks
Norwegian municipal pensions leader hires five in sustainability roles across three divisions
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NewsNet-zero asset owners set out principles for carbon policy redesign
‘Delivering a just transition’ and ‘providing a predictable price signal’ included among five key recommendations for policy setters around the world
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Investor groups warn UK against including gas in green taxonomy
PM told ‘important short-term considerations on energy security must not be conflated with the taxonomy’
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NewsVarma takes ‘rare’ step of switching to absolute emission goal
Finnish pensions insurer announces more rigorous climate policy, targeting 50% cut in entire portfolio’s absolute emissions
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CPEG seeks to forge climate impact investing programme with EIF
CIO says programme would be ‘first public-private partnership of its kind’
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NewsGFANZ outlines phaseout of high-emitting assets as net-zero approach
… as UN-backed Race to Zero campaign ‘throws down the gaunlet’ on fossil fuel exit
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LGPS climate reporting rules expected in autumn
Chair of the LGPS Scheme Advisory Board expresses disappointment at delay to TCFD-aligned reporting
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NewsEthos sets target to cut CO2 emissions with new climate strategy
Carbon intensity to be reduced by 34.5% by 2025, by 56% by 2030, and by 78.1% by 2040
