Fidelity International targets net zero emission by 2050
By Jean-Baptiste Andrieux 26
th April 2021 12:38 pm
Fidelity International aims to reach net zero emission by 2050 or before within FutureWise, its default workplace investment strategy for UK-based pension schemes.
The firm has set for itself the goal of cutting emissions by half by 2030, and hopes to reach net zero emission for operational emissions before 2040.
As a member of the Net Zero Asset Managers initiative, Fidelity International is part of a network of asset managers that have pledged to reach zero greenhouse gas emission by 2050. Other participants include among others Legal & General, Aviva Investors, and Royal London.
What is sustainable finance?
While there is no agreed upon definition or harmonized measurement of sustainable finance, the Expert Panel on Sustainable Finance has summarized the concept as “capital flows (as reflected in lending and investment), risk management (such as insurance and risk assessment), and financial processes (including disclosure, valuation and oversight) that assimilate environmental and social factors as a means of promoting sustainable economic growth and the long-term stability of the financial system.”
3 More generally, sustainable finance is the process of integrating ESG criteria when making decisions in the financial sector and business decisions for the benefit of stakeholders and society. The ultimate goal is to transition to a more sustainable and lower-carbon economy, which is increasingly viewed as critical to the long-term success of businesses, economies and society.
Moody s ESG Solutions Group: Moody s Launches Comprehensive Suite of Climate Solutions
Moody s ESG Solutions Group today announced the launch of Climate Solutions, a comprehensive product suite that provides market participants with enhanced risk measurement and evaluation tools to better understand, quantify and manage climate risks and opportunities. Climate Solutions incorporates physical and transition risk into Moody s best-in-class risk management solutions and economic models to enable banks, insurers and investors to better assess climate risks and comply with the emerging regulatory requirements for stress testing and disclosures. Climate change has a profound impact on the world s economies and societies, said Mark Kaye, Chief Financial Officer and Executive Sponsor of Moody s ESG Solutions Group. Moody s is committed to offering science-driven, objective analytics to advance strategic resilience and to help market participants navigate the transformation to a low-car
(2)
Moody s ESG Solutions Group announced today that Moody s affiliate V.E has provided a Second Party Opinion (SPO) on Toyota Motor Corporation s Woven Planet Bond Framework, an inaugural sustainability bond in the Japanese automotive sector. The framework which V.E considers aligned with the four core components of the Green Bond Principles, Social Bond Principles and Sustainability Bond Guideline will finance safety technologies, assisted mobility vehicles, clean transportation, and renewable energy intiatives. The framework s objectives aim to contribute to multiple Sustainability Development Goals that improve the safety, accessibility and sustainability of transportation. In our assessment, the bonds issued via this framework will make a robust contribution to sustainability objectives, said Juliette Macresy, Executive Director for Sustainable Finance at V.E. We see significant and consistent evidence that the proceeds will be allocated to projects aimed at reducing gre
Moodys ESG Solutions Group: V E Provides Second Party Opinion on Italys First Sovereign Green Bond Framework and Issuance financialbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialbuzz.com Daily Mail and Mail on Sunday newspapers.