Mona Dohle

1 week ago | netzeroinvestor.net | Mona Dohle

Last year, Ugandan environmental scientist Samuel Okulony travelled to Denmark, where he and another climate activist met with Nordea’s responsible investment team. In March this year, ahead of its AGM, Nordea announced its decision to effectively quarantine TotalEnergies. Going forward, it will cease purchasing new debt or shares in the energy giant. A spokesperson for Nordea told Net Zero Investor that as of October 2024, no Nordea funds would be increasing their exposure to the company.

1 week ago | netzeroinvestor.net | Mona Dohle

Earlier this week, the NZBA confirmed that its members had “overwhelmingly” voted in favour of an overhaul of its framework, effectively abandoning its commitment to a 1.5°C target. Under the previous framework, alliance members were required to align their investment and lending activities with the goals of the Paris Agreement.

1 week ago | room151.co.uk | Mona Dohle

West Yorkshire Pension Fund (WYPF) has appointed a former HSBC MD to lead the investment team for the £20bn fund. John Dewey, who most recently held the role of managing director Alternatives at HSBC, covering the firm’s $65bn private market business in Singapore has joined the Bradford-headquartered LGPS fund, which is part of the £60bn Northern LGPS pool, yesterday. Dewey’s previous roles include more than two decades of experience among others at Aviva Investors and BlackRock.

1 week ago | netzeroinvestor.net | Mona Dohle

BP shareholders including L&G, Robeco, Nest and the LGPS pool Border to Coast have announced that they will vote against the reappointment of BP chair Helge Lund to express their dissatisfaction with the energy giant’s revised strategy. L&G, which holds a 1% stake in BP, said it was “deeply concerned by the recent substantive revisions made to the company’s strategy” and the lack of consultation with shareholders, and would vote against Lund’s reappointment.

1 week ago | netzeroinvestor.net | Mona Dohle

Rachel Reeves says that the UK must “invest, invest, invest” to deliver sustainable growth. She’s right - but we have a very steep hill to climb. Under-investment is a long-standing UK problem: we’ve been at the bottom, or near the bottom, of the G7’s investment league for the past fifteen years. Recent research from the CBI showed that the net-zero economy is a major growth opportunity, but we stand to miss out without a major scale-up of investment, particularly in the next five years.