WASHINGTON, D.C. (June 2, 2021) – Today, Walmart investors voted on the first-ever shareholder resolution on refrigerants and their related climate impacts.
ESG assets are on a path to exceed $53 trillion globally by 2025, which would represent more than a third of the expected $141 trillion of global assets under management.
Although the EU and US are starting to develop and adopt regulations, they are still years away until robust ESG standards and policies are enforced in the financial sector.
Consequently, investors will need to keep ESG asset managers and funds accountable for tracking and reporting their investments’ actual climate impact.
In the first quarter of 2021, global sustainable funds attracted $185.3 billion, up 17% from the prior quarter according to Morningstar – with the EU and the US accounting for 79.2% and 11.5% of that, respectively. This upward trend is forecast to continue, with environmental, social and governance (ESG) assets on a pathway to exceed $53 trillion globally by 2025, which would represent more than a third of the anticipated $140.5 trillion of global assets under management.
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MILWAUKEE, May 27, 2021 /PRNewswire/ Johnson Controls (NYSE: JCI), the global leader for smart, healthy and sustainable buildings, announced that R-454B will serve as the primary low Global Warming Potential (GWP) refrigerant in the company s ducted residential and commercial unitary products as well as air-cooled scroll chillers in North America and specific international markets where codes are in alignment. This transition away from the use of high-GWP refrigerants, such as R-410A, reinforces the company s commitment to addressing climate change and lowering customers emissions for a healthier, more sustainable planet. Sustainability is at the heart of our business and fundamental to everything we do, said Katie McGinty, vice president and chief sustainability, government and regulatory affairs officer, Johnson Controls. Today s announcement reinforces our continued commitment to developing best-in-class solutions that help transfor
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Scientists discover high emissions of ozone-destroying gases, pointing to illegal manufacture and use - EIA Scientists discover high emissions of ozone-destroying gases, pointing to illegal manufacture and use
Scientists have discovered higher-than-expected levels of ozone-destroying chlorofluorocarbon (CFC) gases in the atmosphere – strongly suggesting illegal manufacture, use and emissions.
Nature Communications on 18 May by a group of scientists from the Massachusetts Institute of Technology, Stanford University and the University of Bristol.
Hole in the ozone layer over Antarctica, 1998 (c) NASA
Their paper,
Joint inference of CFC lifetimes and banks suggests previously unidentified emissions, gives new estimates for unexpected CFC emissions during the period 2014-16 and reports the presence of unexpected levels of CFC-11, CFC-12 and CFC-113.