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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

From 2021 to May this year, 22 investors, including banks and pension funds, have divested from JBS or its subsidiaries, citing its links to biodiversity loss and governance issues, according to the Financial Exclusion Tracker project. JBS is widely regarded as an ESG pariah.

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ILO: Forced Labour Lines Private Sector Pockets

Chris Hall

Since 2017, the government has placed an estimated 1.8 Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Earlier this year, the world’s largest sovereign wealth fund Norges Bank Investment Management (NBIM) paid €600 million (US$651.4

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Forced Labour Lines Private Sector Pockets

Chris Hall

Since 2017, the government has placed an estimated 1.8 Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Earlier this year, the world’s largest sovereign wealth fund Norges Bank Investment Management (NBIM) paid €600 million (US$651.4

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Decarbonisation Culture

Chris Hall

Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. In addition, CDPQ has reduced the carbon intensity of its corporate portfolio by 59% compared to 2017, when it released its inaugural SI strategy.

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Fair Tax Foundation Consults on Responsible Tax KPIs 

Chris Hall

In 2017, the Principles for Responsible Investment (PRI) led a two-year collaborative engagement initiative on tax transparency.

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Fast Fashion Race Losing Speed  

Chris Hall

It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt. In July, Inditex pledged a “phased and responsible” exit from the region under military rule.

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New Ideas, Better Teamwork in Pursuit of Paris Goals

Chris Hall

Stephanie Pfeifer, CEO of the Institutional Investors Group on Climate Change which co-founded CA100+, says “When CA100+ launched [in 2017], five focus companies had set net zero emission targets by 2050, now we are at three-quarters. Before GFANZ, not one bank had set or published an interim net-zero target.