Fri, 9 July 2021
Where is the money heading in our increasingly unpredictable times? Partly in response to investor and customer pressure, businesses have begun making so-called net zero commitments — pledging to cut or offset emissions by taking an equivalent amount out of the atmosphere through carbon capture and other technologies.
“The environmental issues we are facing are not going away,” says Michael Herskovich, head of corporate governance at BNP Paribas Asset Management. “We cannot afford to wait.”
Companies including oil major BP, British bank Barclays, food company Nestlé, miner Vale and airline group IAG have all set net zero targets, usually for 2050. Recently, Royal Dutch Shell became the biggest global energy group to announce a net zero emissions target.
Also in Savvy Investor this episode - One Stock Porfolio Theory explained; Lithium-ion batteries built in Tomago; Bond Markets; and Tax Return Timing.
The Savvy Investor is broadcast Tuesdays at 2pm in Week 1 and is read for you by Rhody Thomas.