Remove 2021 Remove Divestment Remove Value Creation
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NBIM Divestments Driven by Social, Governance Risks

Chris Hall

2021 Responsible Investment report highlights focus on human rights abuses, corruption, aggressive tax planning. . More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. trillion in assets under management (AUM). Long-term perspective.

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Asset Owners and Managers to Target Renewable and Social Infrastructure

Chris Hall

However, “power and gas still pay” as – behind transport – gas and conventional power generation were the main beneficiary of the 2021 recovery, the reported noted. The investors that were more exposed to power and gas benefited more than the peer groups that had mostly divested from conventional power generation.

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Take Five: Breaking Point

Chris Hall

But when the largest players’ strategies are so wholly focused on dirty revenue maximisation – campaign Follow This called Chevron’s purchase of Hess a bet that Paris would fail – is there any justification for engagement over divestment? At the very least, investors should pursue a policy of engagement with consequences.

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A Missed Opportunity

Chris Hall

False dawn Things started to change in 2021. We pursue a strategy of engagement rather than divestment. Rise and fall Fast forward to September 2021. But this understanding lacked focus. It was largely driven by formalities, and for many investment managers was probably viewed as just another box-ticking exercise.

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How Orsted ditched coal and became a titan of offshore wind

Corporate Knights

As an emerging market, offshore wind was expensive to produce twice the cost of onshore but as DONG divested of its fossil fuel assets, it put all of its resources into optimizing every aspect of offshore construction and operation. Its stock price soared, with the companys market value peaking in 2021 at more than US$95 billion.