Remove 2021 Remove Banking Remove Divestment
article thumbnail

Major German investment fund drops Exxon in pursuit of tougher sustainability standards

Corporate Knights

Two major European financial institutions are setting higher expectations for climate performance, with German asset manager Union Investment dropping all its holdings in ExxonMobil and Oslo-based pension manager Norges Bank Investment Management establishing tough, new sustainability reporting requirements for the thousands of companies it backs.

article thumbnail

Meet the four most sustainable funds on the market for 2025

Corporate Knights

Energy stocks lagged in 2024, which benefitedinvestors who have divested from fossil fuels. QQCE was launched on November 15, 2021, and despite its relative youth, it has caught on with investors and already has $309 million (all amounts in Canadian dollars unless otherwise noted) in assets under management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

For the leaders of the divestment movement, which encourages institutional investors to sell off their shares in fossil fuel companies, winning isn’t everything. But after a decade of determined lobbying, the divest side is suddenly doing a lot of winning. That tally, they noted, is bigger than the combined GDP of the U.S.

article thumbnail

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. In 2021, Corporate Knights found that 12 of Canada’s biggest pension funds had quietly unloaded fossil fuel stocks over the previous 10 years. It can be good for financial returns, too.

article thumbnail

Why investors are putting biodiversity on the balance sheet

GreenBiz

Thu, 03/04/2021 - 02:11. Both S&P Global Ratings and Bloomberg rank biodiversity among the top ESG themes for 2021, the latter naming Fidelity International and AXA Investment Managers as examples of firms that have made it a priority. . Why investors are putting biodiversity on the balance sheet. Subscribe here. 4 risk by impact.

article thumbnail

Time for a fair phase out of fossil fuels

Corporate Knights

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP. It would advance action along three pillars.

article thumbnail

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.