Corporate Knights

JANUARY 18, 2022

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.

Divestment 299

Divestment UNEP Banking Net Zero 299

Corporate Knights

JANUARY 24, 2023

The cost of damage from severe weather events in the United States was expected to top US$100 billion in 2022. 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 2021, one of the costliest years on record in the U.S.,

Divestment 356

Divestment Climate Change Net Zero Development 356

GreenBiz

MARCH 4, 2021

Nordea’s divestment, along with pressure from other institutions, such as Norwegian pension fund KPL, led to a pledge from JBS to use blockchain to monitor its entire supply chain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation. 5 risk by likelihood and No. 4 risk by impact.

Supply Chain 545

Supply Chain Supply Chains Banking Climate Change 545

Corporate Knights

AUGUST 13, 2024

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.

Divestment 340

Divestment Sustainable Investment Supply Chain Supply Chains 340

Corporate Knights

JANUARY 16, 2024

In 2022, a B.C.-based Sims’s 2022 sustainability report notes that the company has sought to comply with state environmental rules by investing US$15 million in an emissions-control system. For example, Sims finally divested itself of part of its municipal recycling business – a large blue-box operation in New York City.

Net Zero 317

Net Zero Divestment Decarbonize Waste 317

Corporate Knights

FEBRUARY 16, 2022

Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. On this score, as of January 31, 2022, the Clean200 has outperformed its MSCI ACWI peers by 3.94% since the Clean200 was launched in July of 2016. Source: CK) 1.

Net Zero 360

Net Zero Negative Screening Divestment Manufacturing 360

Corporate Knights

JANUARY 10, 2024

It was a different story in 2022. It didn’t help that tech companies in general have had a rough time since 2022, and now higher interest rates are negatively affecting utilities with high up-front capital costs for large green energy projects. Divestment is different from ESG, which is different from impact investing.

Sustainable Investment 331

Sustainable Investment Divestment Negative Screening Greenwashing 331

3BL Media

AUGUST 3, 2022

PER SHARE PSE&G to Invest $511 Million through Infrastructure Advancement Program Re-Affirms 2022 Non-GAAP Operating Earnings Guidance of $3.35 - $3.55 August 3, 2022 /3BL Media/ - Public Service Enterprise Group (NYSE: PEG) reported Net Income of $131 million, or $0.26 Income/(Loss) ($ millions) 2022. per Share .

Divestment 130

Divestment Net Zero Supply Chain Supply Chains 130

3BL Media

DECEMBER 20, 2023

They reveal that between mid-2021 and late 2022, investors expected the 10-year return on ESG investments to underperform the market by 1.4% The authors view divestment as a form of voice, with disinvestment pledges resonating with boards, customers, employees, and stakeholders, especially via social media.

Divestment 162

Divestment Academics Analytics Development 162

Chris Hall

OCTOBER 5, 2022

Role of active stewardship across environmental and social themes emphasised at ESG Risk & Investment Asia 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. .

Divestment 52

Divestment Net Zero Paris Agreement Sustainable Investment 52

Corporate Knights

JULY 4, 2024

That year, Axa became the first major insurer to divest from coal. Peter Bosshard, Insure our Future Sixth on the list of the world’s biggest fossil fuel underwriters is Canadian insurer Fairfax Financial, estimated to have earned US$600 million from oil and gas companies in 2022.

Climate Change 227

Climate Change Divestment Development 227

ESG Today

APRIL 10, 2023

The asset manager’s increased engagement activity was outlined in its newly release Stewardship Report 2022, which indicated that AXA IM conducted 596 engagements with 480 entities during the year, up from 283 engagements with 245 entities in 2021. Click here to access the AXA IM stewardship report.

Divestment 98

Divestment Climate Change Development 98

Chris Hall

MARCH 4, 2022

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

Divestment 52

Divestment Supply Chain Supply Chains Value Creation 52

Chris Hall

MAY 17, 2022

The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). billion in fossil fuel investments that would need to be divested under SB 1173.

Divestment 52

Divestment Net Zero Climate Change 52

Chris Hall

MAY 27, 2022

Achieved through marginal changes in portfolio allocations and the opportunistic divestment of just a few stocks, such reductions can be used to present an unjustifiably favourable image of the environmental credentials of a portfolio. Sources: Sustainalytics, S&P Global Trucost, Bloomberg, Fulcrum Asset Management, as at March 2022.

Divestment 52

Divestment Net Zero Climate Change 52

Corporate Knights

SEPTEMBER 12, 2024

And two studies, in 2012 and 2022, found that fossil-fuel-funded research came to conclusions more favourable to the industry than did unsponsored research. Oil firms helped develop climate programs at Oxford, Edinburgh and University College London.

Climate Researcher 243

Climate Researcher Academics Climate Change Divestment 243

3BL Media

AUGUST 9, 2024

In more recent years, there has been significant interest in the experience and commitment to the environment of US entrepreneur Yvon Chouinard (1934), who, after contributing profoundly to the evolution of ice climbing equipment and founding and leading the sportswear company Patagonia (1973), in September 2022 announced his intention to divest it (..)

Divestment 147

Divestment Climate Change Social Sustainability Development 147

3BL Media

MARCH 10, 2022

DESCRIPTION: LEVERKUSEN, Germany, March 10, 2022 /3BL Media/ – Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of 2.6 Bayer had announced its decision to divest the business in February 2021. billion U.S. dollars (2.4

Divestment 130

Divestment Development Digitalization 130

3BL Media

FEBRUARY 22, 2022

DESCRIPTION: RUEIL-MALMAISON, France, February 22, 2022 /3BL Media/ - Schneider Electric , the leader in the digital transformation of energy management and automation, has appointed Gwenaelle Avice-Huet as its new Chief Strategy and Sustainability Officer, starting from 1 April 2022. SOURCE: Schneider Electric. as a consultant.

Digital Transformation 130

Digital Transformation Digitalization Divestment Climate Change 130

Chris Hall

FEBRUARY 11, 2022

According to its analysis, private equity firms have snapped up oil, gas and coal assets worth US$60 billion over the past two years, many divested by listed firms in response to the environmental concerns of institutional investors. The post EU Guidance on Net Zero Cooperation Due in Q2 2022 appeared first on ESG Investor.

Net Zero 97

Net Zero Climate Change Paris Agreement Divestment 97

3BL Media

JULY 12, 2024

In 2022, we set out to explore ESG sentiments among dealmakers across the Europe, Middle East and Africa (EMA) region. On data quality, we see a great opportunity for sellers and sell-side advisors to drive value from divestments by commissioning higher-quality ESG vendor documentation.

Divestment 147

Divestment Supply Chain Supply Chains Decarbonize 147

Corporate Knights

OCTOBER 17, 2022

Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks.

Net Zero 363

Net Zero Sustainable Investment Zero Carbon Greenwashing 363

ESG Today

FEBRUARY 15, 2024

Similarly, Texas cited participation in Climate Action 100+ as part of the criteria used by the state to compile a list of “Financial Companies that Boycott Energy Companies,” which it cited in its placement of a series of asset managers for divestment.

Divestment 128

Divestment Net Zero Climate Change Sustainable Investment 128

ESG Today

FEBRUARY 16, 2024

The announcement marks a further strengthening of AXA IM’s ESG expectations for companies, following the introduction by the firm in 2022 of a voting policy aimed at urging portfolio companies to consider environmental and social issues, including setting a timeline to divest from climate laggards that fail to make sufficient progress, and requirements (..)

Paris Agreement 115

Paris Agreement Divestment Net Zero 115

Chris Hall

JUNE 27, 2024

Asset managers also argue that divestment does not work, and that they lose influence when they exit fossil fuel companies. Asset managers should divest from fossil fuel companies that are proving resistant to influence and concentrate their finite engagement resources on those which can plausibly be influenced,” the paper noted.

Divestment 72

Divestment Net Zero Global Economy Sustainable Investment 72

ESG Today

JANUARY 19, 2024

The guidelines would also require institutions to develop Capital Requirement Directive-based (CRD) transition plans addressing risks arising from the climate transition and financial risks stemming from ESG factors and regulatory objectives.

Banking 124

Banking Divestment Development 124

3BL Media

FEBRUARY 18, 2022

When a responsible investor sells – or divests – from companies that are low-performing on ESG metrics, this provides an opportunity for an indiscriminate investor to buy the security in their place. trillion in assets under management as of January 31, 2022. It potentially exacerbates it. About Brandywine Global.

Net Zero 246

Net Zero Climate Change Divestment COP26 246

Chris Hall

FEBRUARY 22, 2024

The pension fund had previously engaged with Amazon on the issue as part of a 12-strong coalition of Danish pension funds formed in 2022, and representing approximately DKK5 trillion (US$724.2 billion) in AUM.

Divestment 81

Divestment Value Creation Net Zero Banking 81

3BL Media

OCTOBER 5, 2022

DESCRIPTION: LEVERKUSEN, Germany, October 5, 2022 /3BL Media/ - Bayer has completed the sale of its Environmental Science Professional business to the international private equity firm Cinven, after the two companies had entered into a corresponding agreement in March. “At SOURCE: Bayer. About Envu.

Divestment 130

Divestment Digitalization Development 130

Chris Hall

MAY 22, 2024

This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. In 2022, the oil and gas industry invested just 2.5% billion), down from 14% in 2022. Last year, Shell invested US$5.6

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

3BL Media

JULY 7, 2024

When the KPMG ESG Due Diligence study was first launched in 2022, there was clear evidence that deal practitioners were facing practical challenges tackling ESG, despite clear evidence of the rising importance of ESG due diligence. Solutions are emerging for greater scope clarity.

Divestment 147

Divestment 147

3BL Media

JANUARY 11, 2023

China’s oil demand declined in 2022 for the first time this century as the nation jumped from one lockdown to the next. In 2022, consumption of oil in the industrial sector boomed as gas prices spiked, and with economics for oil burn favorable in 2023 despite declining spot LNG prices, demand looks set to remain strong.

Supply Chain 130

Supply Chain Supply Chains Paris Agreement Divestment 130

Chris Hall

MARCH 19, 2024

Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Its Renewables 2023 report also pointed out that China commissioned as much solar PV capacity as the entire world in 2022. million) for a 49% stake in a 1.3-gigawatt

Supply Chains 69

Supply Chains Supply Chain Divestment Manufacturing 69

Chris Hall

APRIL 1, 2022

US pension fund’s 2022 voting strategy will hold board members accountable. . The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. .

Divestment 52

Divestment Net Zero Climate Change Sustainable Investment 52

ESG Today

FEBRUARY 1, 2023

The new emissions disclosure bill was introduced as part of a package of climate-focused proposals, including a bill requiring state pension funds to divest from fossil fuel companies introduced by Senator Lena Gonzalez, and a bill requiring stronger corporate climate risk disclosure introduced by Senator Henry Stern.

Divestment 119

Divestment Supply Chain Supply Chains Waste 119

Chris Hall

OCTOBER 31, 2022

Hosted by Regulation Asia & ESG Investor on 5 October 2022 online. Immediately divesting from companies with a poor ESG-related track record isn’t always the answer to ensuring a just transition. Måns Carlsson OAM, Head of ESG, Ausbil Investment Management Limited.

Divestment 52

Divestment CDP Sustainable Investment Banking 52

Corporate Knights

FEBRUARY 15, 2024

In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” trillion in sustainable revenue in 2022, deriving on average 54.7% through those years. And that’s the big deal, says As You Sow CEO Andrew Behar, who co-authored the 2024 study. “In for their MSCI ACWI peers.

Manufacturing 321

Manufacturing Negative Screening Divestment Smart Buildings 321