article thumbnail

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Mon, 11/30/2020 - 01:00. As with the financial divestment movement, there is a valid debate about whether engagement with high-carbon firms that are working to reduce their emissions is more effective than simply severing ties.

article thumbnail

The biggest carbon losers

Corporate Knights

Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the Paris Agreement. But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

HSBC to Exit Coal Investments

ESG Today

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

article thumbnail

Are lawyers and accountants doing enough on climate change?

GreenBiz

Tue, 10/13/2020 - 01:40. health insurers are all invested in the fossil fuel industry" and will call on insurers to divest from these companies, calling them "the greatest threat to human health.". Are lawyers and accountants doing enough on climate change? Joel Makower. Follow the money, indeed. Corporate Strategy.

article thumbnail

AP7 Bets on Active Ownership for Climate Transition

Chris Hall

The active investment mandate will identify and invest in companies considered laggards in their climate-related progress, but which have the potential to align with the goals of the Paris Agreement.

article thumbnail

Now or Never

Chris Hall

of global GDP, in 2020, and are expected to increase to 7.4% In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. trillion, or 6.8% The Church Commissioners, which manages the CoE’s £10.3 billion (US$13.2

article thumbnail

Trustees to Engage with Future

Chris Hall

It emphasised the importance of trustees raising their climate stewardship ambitions by using Paris-alignment metrics to inform their engagement efforts to ensure they are truly contributing to the goals of the Paris Agreement. .