GreenBiz
NOVEMBER 30, 2020
Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Airlines have faced "flygskam" — or flight shame — which has seen some travelers shun air travel, heightening pressure for the sector to demonstrate that it can develop a flight path to net-zero emissions. Michael Holder. spent almost $1.4
Chris Hall
OCTOBER 5, 2022
An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .
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Corporate Knights
JANUARY 24, 2023
Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2015, France’s AXA became the first insurance company to start divesting from coal. billion and US$9.9 billion, respectively, invested in fossil fuels as of June.
Chris Hall
MARCH 31, 2023
Net Zero Company Benchmark 2.0 The new iteration of Climate Action 100+’s (CA100+) Net Zero Company Benchmark has a “stronger focus” on emissions reductions, alignment with 1.5°C The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment.
Chris Hall
NOVEMBER 30, 2023
In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month. CA100+ focuses on 171 firms that are key to driving the global net zero transition, with a total market capitalisation of US$10.3
Chris Hall
MAY 19, 2022
Originally launched in 2017, CA100+ now has 700 investor signatories representing US$68 trillion in assets. . As of March 2022, 69% of focus companies have committed to achieving net zero greenhouse gas (GHG) emissions by 2050 or sooner and 89% have aligned with recommendations of the Taskforce on Climate-related Financial Disclosures. .
Chris Hall
NOVEMBER 30, 2023
” The CoEPB, which decided to divest oil and gas in May for stalling on net zero progress, has released its inaugural climate action plan today (30 November). Between 2020 and 2022, over 40% of US tech IPOs used the DCSS and 20% of US non-tech IPOs – significantly higher levels than historic averages.
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