Thirty of the world’s largest investors – including Allianz, the Church of England, and the California Public Employees’ Retirement System – have now set a goal to reduce emissions by 16 to 29% of 2019 levels by 2025.
Actor: Finance
JPMorgan Chase, world’s biggest funder of fossil fuels, commits to “Paris-aligned” financing
JPMorgan Chase has reportedly committed to push its clients to align with the goals of the Paris Agreement and work towards global net-zero emissions by 2050.
Vanguard, BlackRock add new climate-focused ETFs as demand soars
Top asset managers Vanguard Group Inc and BlackRock Inc on Thursday introduced new exchange-traded funds that exclude oil companies, coal producers and other industries that a growing number of investors want to avoid.
Bill Gates is heading a $1 billion clean energy venture fund
He’s got several billionaire pals on board.
Nearly two dozen of the world’s most successful business leaders, entrepreneurs, and venture capitalists will invest up to $1 billion in a fund led by Microsoft-co-founder Bill Gates that aims to reduce greenhouse gas emissions to almost zero by financing emerging clean energy technology.
Fossil fuel divestment funds double to $5 trillion in a year
The value of investment funds committed to selling off fossil fuel assets has jumped to $5.2tn, doubling in just over a year.