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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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The biggest carbon losers

Corporate Knights

As a group, over the course of the past decade (2012 to 2021) these 20 companies slashed their net GHG emissions (Scope 1 and 2) by 43%, from 862 million tonnes to 489 million tonnes. Divestments (8%). 0.124 Retirements and divestments (100%). 0.124 Retirements and divestments (100%). Divestments (25%).

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NBIM Divestments Driven by Social, Governance Risks

Chris Hall

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. Since 2012, this strategy has increased the cumulative return on equity management by 0.44

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Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. MH: Choosing among responsible investment tools – positive and negative screening, divestment and engagement – is complicated. The “clean hands” approach of divestment best expressed the moral outrage of activists over apartheid.

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7 Companies Leading the Net Zero Energy Revolution

3BL Media

We will fund this in part by expanding our internal carbon fee, in place since 2012 and increased last year, to start charging not only our direct emissions but those from our supply and value chains.”. Maersk Industry: Shipping Headquarters: Denmark. Swire Properties Industry: Real Estate Headquarters: Hong Kong.

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A decidedly impartial review of Mark Jacobson’s 100% Clean, Renewable Energy and Storage for Everything

Renewable Energy World

The fossil fuel divestment movement led by Bill McKibben’s 350.org I first visited Jacobson at Stanford University in 2012, when my college-touring son sat in on his popular Atmospheric Science class. Jacobson’s Greenhouse-Gas-Free (GHGFREE) Teslas run on solar power, as does his home, built by BoneStructure.

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ESG Explainer: Modern Slavery in the Supply Chain

Chris Hall

In the US, the California Transparency in Supply Chains Act (TSCA) came into effect at the beginning of 2012 and applies to retail sellers and manufacturers that do business in the state of California and whose annual gross revenue exceeds US$100 million.