Source: World Economic Forum/Ciaran McCrickardMembers of the Net Zero Asset Owner Alliance during a press conference at DavosThe Church Commissioners have dedicated more resources to engagement, for example having last year expanded their engagement team with the appointment of two analysts.Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group, acknowledged that there was an expectation that money must be shifted, “essentially divesting in some areas and investing in others”, but said this was not the route the alliance would be taking.“We believe we can achieve a much better impact by working with the companies we invest in or the assets we finance,” he said. “If we work with those assets we have a chance of doing value creation and that’s what an investor looks for.”Christina Figueres, convener of Mission 2020 and former Executive Secretary of the UN Framework Convention on Climate Change, said it was important to understand how complex it was for companies to decarbonise, in particular with respect to the Scope 3 emissions from their supply chain.“We shouldn’t fall into simplistic thinking that once a company or an asset owner assumes a certain target by a certain date they have that under their control,” she said. “Then they need to pull the whole cavalry in to achieve that.“It makes it more complex, but that’s the good news because there are ripple effects that go into the fabric of the economy. It’s both the difficulty as well as the advantage.” Next stepsAccording to Figueres, the Alliance’s engagement with companies had got off to a good start, with “a very clear recognition it needs to be an effort on both sides”.The companies involved were not only “willing to speak but also had an appetite [for the conversation],” she said.Allianz’s Thallinger explained that the asset owner alliance would this year be announcing its first interim decarbonisation target, and that the engagement with companies was “of an essence because the target we will define in 2020 will be supported by measures we are working on with those companies”.“We believe we’re talking about something that is transformational for various areas, not only investing”Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group“And that’s why we believe we’re talking about something that is transformational for various areas, not only the investing space.”Thallinger also explained that the Net-Zero Asset Owner Alliance was very keen to expand its membership to cover geographically under-represented areas, in particular Asia, but that it was important to be “honest” and acknowledge the policy and political context in which asset owners from that region operated.The members of the Alliance hoped that other jurisdictions would be more open to encouraging their asset owners to come on board, he said.According to an update from the convenors of the Alliance, the UNEP Finance Initiative and the Principles for Responsible Investment, the group has finalised its governance and objectives for 2020 and will focus on advancing measurement and public reporting and engaging policymakers towards policies supportive of net-zero economy ambitions, in addition to engaging with companies.*Alecta, Allianz, AMF, Aviva, AXA, Caisse des Dépôts (CDC), CalPERS, La Caisse de dépôt et placement du Québec (CDPQ), CNP Assurances, Folksam Group, Fonds de Réserve pour les Retraites (FRR), Nordea Life and Pension, PensionDanmark, Storebrand, Swiss Re, Zurich, now plus Generali and the Church of England’s investment bodies Church Commissioners for England, the Church of England Pensions Board and CBF Church of England Funds The Net Zero Asset Owner Alliance has gained two new members and kicked off its campaign to help achieve the Paris Agreement goals by driving change via engagement with companies.Launched in September, the now 18*-strong group of pension funds and insurers today announced that it had gained new members in the form of the Church of England, with its three national investing bodies, and Italian insurance group Generali.The announcement coincided with the group’s holding its first major engagement event, getting together with more than 50 C-suite representatives of the now $4.3trn (€3.9trn) alliance’s portfolio companies in a closed-door session at the World Economic Forum’s conference in Davos, Switzerland.Speaking at a press conference in Davos, members of the alliance emphasised the importance of engagement, as distinct from investment or divestment, to preventing a global temperature increase above the 1.5°C set out in the Paris Agreement. Tom Joy, chief investment officer at Church Commissioners for England, said: “Yes, capital has to shift into renewable technologies and new opportunities, but the climate crisis will not be solved unless the transition happens.“The climate crisis will not be solved unless the transition happens”Tom Joy, CIO of Church Commissioners for England“Divestment is not the answer to the climate problem. As an asset owner we always retain that right, but it won’t solve the climate crisis.”
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Guidance Office News:College visits during lunch:Tuesday, November 11- Pittsburg StateThursday, November 13- Fort Hays CollegeFollow us on Twitter. Submitted to Sumner Newscow â€” Todayâ€™s Wellington High School bulletin for Friday, November 7, 2014:Fridayâ€¢ All School Musical- 7 p.m.Saturdayâ€¢ All School Musical- 7 p.m.Sundayâ€¢ All School Musical- 2 p.m.Fridayâ€™s lunch: Chicken Patty/Bun, oven fries, baked beans, mandarin orange, oatmeal cookie.Mondayâ€™s lunch: Spaghetti w/meat sauce, garden spinach salad, garlic bread stick, pears.Todayâ€™s News*Money for the play will be collected at the beginning of 6th hour. Students will be dismissed by intercom at 12:45 to attend the play.*Crusader Creators, your pastries will be delivered Monday morning. You need to bring a cooler large enough to hold what you sold. Bring it to Mrs. Groom before school starts on Monday. Monday after school you will take them with you and deliver them. Donâ€™t Forget!*STUDENTS: If you are participating in a winter sport and do not have a physical or concussion form on file, you must do so before you will be allowed to practice. You can pick up the forms in the counselor’s office.*Anyone interested in playing Boys Basketball this year will need to meet for the team meetingÂ on Monday at 3:10Â in the Main Gym.*Reminder to AthletesÂ November 10 – 16Â is Fall Buffer Week. No activities in any school gyms during that week.*There is a sign-up sheet in the office for Special K Basketball. Please sign up by November 25th.*Seniors – If you did not attend the senior meetingÂ on Monday, please stop in the counselor’s office to get the scholarship application handout and the Josten’s ordering packet.*Are you a Jr. or Sr. planning on pursuing a career in the art field?Â If you are interested in going to a career fair next week devoted to art careers please see Mrs. Groom by fourthÂ hour today!*Seniors: Please start turning in your needed pictures for the graduation video, along with your top 3 song choices to be in the video. You can turn them into Mrs. Vaughn in room 203, Leah Nelson or Shayna Templeton. Please turn them in ASAP.*SENIORS: Jostens will be hereÂ Tuesday, November 11thÂ during lunch to collect your order and $60.00 deposit.*Upward Bound will be hereÂ Wed. Nov. 12thÂ in the commons during lunch if you’d like to speak with them about signing up for a great program!*SENIORS! If you are interested in attending Cowley County Community College- donâ€™t miss out on their Senior Day, November 12.Â Visit Mrs. Brown in the counseling office for more details.
LIVING THE DREAM IN DEMAND targets Where every Premier League club needs to strengthen in January LATEST TRANSFER NEWS Barnes made five appearances for Leicester last season The 20-year-old Foxes academy graduate made his senior debut at Porto in the Champions League in 2016 and also spent time on loan at MK Dons that season.He also made 23 appearances, scoring five times, for Barnsley last campaign before being recalled and featuring five times under Leicester boss Claude Puel in the second half of the season. Man United joined by three other clubs in race for Erling Haaland Moore is excited about Barnes Top nine Premier League free transfers of the decade LATEST 2 Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ REVEALED Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father The biggest market value losers in 2019, including Bale and ex-Liverpool star targets RANKED West Brom have completed the season-long loan signing of Harvey Barnes from Leicester.The midfielder has signed a new four-year deal at the Foxes and has immediately moved to The Hawthorns. Tony Cascarino backs Everton to sign two strikers for Carlo Ancelotti moving on “He is an exciting young player – one that I think our supporters will enjoy watching,” Albion boss Darren Moore told the club’s official website.“We’ve got a lot of exciting youngsters at this club and Harvey now adds to that group.“He’s got good experience of the Championship already and I am thrilled at the prospect of him adding his talents to our group. I couldn’t be happier that we have been able to bring him in.” Cavani ‘agrees’ to join new club and will complete free transfer next summer 2