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 Chains Supply Chain 340

Corporate Knights

JANUARY 24, 2023

The company announced in October that it will no longer insure new oil and gas projects as of April 2023. Munich Re’s announcement followed a commitment last spring by the world’s second-largest reinsurance company, Swiss Re , to stop providing reinsurance for or investing in new oil- and gas-fields projects starting in 2023.

Divestment 356

Divestment Climate Change Net Zero Development 356

Corporate Knights

JANUARY 16, 2024

The savings, Mikkelsen says, “are enormous” and added up to a savings of 13 million tonnes of carbon dioxide in 2023 alone – equivalent to removing almost three million gas-powered cars from the road for a year. The company generated US$8 billion in revenues in 2023 but saw its profits plunge by 72.9%.

Net Zero 318

Net Zero Divestment Decarbonize Waste 318

Corporate Knights

JULY 4, 2024

That year, Axa became the first major insurer to divest from coal. Founded by Toronto billionaire Prem Watsa, Fairfax acknowledges climate change as an ongoing business risk – but its 2023 annual report notes that property reinsurers “enjoyed another year of meaningful rate increases.”

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Climate Change Divestment Development 227

3BL Media

JANUARY 11, 2023

The 10 Big Things To Watch Across World’s Energy Markets in 2023. Wed, 01/11/2023 - 14:05. BloombergNEF has analyzed these and other key developments, and here we look forward to what might be coming in 2023. As road and air traffic rebound, the International Energy Agency estimates China’s 2023 oil demand to climb by about 0.78

Supply Chains 130

Supply Chains Supply Chain Paris Agreement Divestment 130

ESG Today

SEPTEMBER 22, 2022

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.

Divestment 144

Divestment Net Zero Paris Agreement 144

Corporate Knights

JANUARY 26, 2023

degrees is the speed at which we invest, not divest. If we went a step further than putting a stop to ripping out our forests and mangroves and started to restore them, we could get almost 40% of the way to our Paris Agreement goals by 2030.

Paris Agreement 340

Paris Agreement Banking Divestment Net Zero 340

ESG Today

OCTOBER 23, 2024

The proposal follows decisions by the pension funds to divest from fossil fuel reserve owners in their public equities portfolio in 2018, and to exclude upstream fossil fuel investments, including exploration and extraction, in their private markets investments in 2023.

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Divestment Global Economy Climate Change Development 111

3BL Media

JULY 12, 2024

A follow-up study in the US in 2023 found similar developments, albeit slight less pronounced than in the EMEA 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. ESG in deal is rapidly maturing.

Divestment 147

Divestment Supply Chains Supply Chain Decarbonize 147

ESG Today

JANUARY 18, 2023

anti-ESG push has seen Florida pull $2 billion in assets from BlackRock’s management, placed on a list of ESG-supporting asset managers subject to potential divestment by Texas, and subject to accusations of “boycotting” energy companies by 19 state Attorneys General.

Divestment 138

Divestment Decarbonize Climate Change 138

ESG Today

DECEMBER 20, 2022

Investment giant BlackRock indicated that it will continue to ask companies to disclose their climate-related strategies and emissions reduction targets, with the release of its 2023 Global Principles for its investment stewardship unit. on its integration of ESG and climate-related factors in its investment, engagement and voting processes.

Net Zero 137

Net Zero Divestment Zero Carbon 137

Corporate Knights

FEBRUARY 20, 2025

trillion in sustainable revenue in 2023 (the most recent year for which full-year results are available). In 2016, we created the Clean200 in response to investors saying, If we divest fossil fuels, there is nothing to invest in, says Andrew Behar, CEO of As You Sow and co-author of the Carbon Clean 200 report that accompanies the ranking.

Global Economy 289

Global Economy Manufacturing Divestment Negative Screening 289

ESG Today

FEBRUARY 16, 2024

AXA IM also announced a commitment to begin disclosing the rationale for all votes against ESG-related shareholder proposals, noting that in 2023 it supported 68% of all such resolutions.

Paris Agreement 115

Paris Agreement Divestment Net Zero 115

3BL Media

AUGUST 20, 2024

Oil and gas companies were not considered, in an effort in line with the recent COP29 of the United Nations Climate Secretariat (UNFCCC) to encourage fast divestment from fossil fuels and resource-heavy industries. Company headquarters must be based within the USA or Canada.

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Chief Sustainability Officer Divestment Regenerative Development 147

3BL Media

FEBRUARY 18, 2022

While final figures are not yet available, the OECD reported that developed countries are expected to miss the mark in 2020, and the goal will likely not be reached until 2023. In 2009, developed countries pledged to mobilize $100 billion annually by 2020 to help developing nations adapt to climate change. It potentially exacerbates it.

Net Zero 246

Net Zero Climate Change Divestment COP26 246

Energy Central

MARCH 27, 2023

Shell’s divestments in Nigeria help the company meet its green goals. TWP by Rachel Chason, March 27, 2023 NEMBE, Nigeria — When Lambert Ogbari learned that the oil giant Shell was selling its local operations to a Nigerian firm, he said he felt hopeful his living conditions would finally improve.

Divestment 59

Divestment 59

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.

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Divestment Net Zero Global Economy Sustainable Investment 72

ESG Today

DECEMBER 19, 2023

anti-ESG push has seen Florida pull $2 billion in assets from BlackRock’s management, placed on a list of ESG-supporting asset managers subject to potential divestment by Texas, and subject to accusations of “boycotting” energy companies by 19 state Attorneys General, including Tennessee. and holding back energy companies from producing oil.

Divestment 128

Divestment Net Zero Climate Change Decarbonize 128

Chris Hall

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold? Nest also views climate change as a systemic risk.

Divestment 72

Divestment Paris Agreement Net Zero Climate Change 72

ESG Today

NOVEMBER 16, 2023

For the report, PwC’s Global Investor Survey 2023, PwC surveyed 345 investors and analysts across 30 countries and territories, with 65% of respondents at organizations with total AUM of more than $1 billion.

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Greenwashing Divestment Sustainable Investment Climate Change 126

ESG Today

MARCH 20, 2024

In a social media post following the Board of Education announcement, Senator Bryan Hughes, who filed the 2023 anti-ESG legislation and led the above-mentioned hearing, said: “BlackRock and Wall Street firms like it have been using Texans’ money to push a left-wing agenda. Texas continues to fight back.

Divestment 134

Divestment Decarbonize Banking 134

3BL Media

JULY 7, 2024

In this year’s global report, 70 percent dealmakers report an increase in the importance of ESG due diligence over the last 12 to 18 months, while 4 out of 5 say broader ESG considerations are now firmly on their M&A agenda – up from 74 percent in 2023. Solutions are emerging for greater scope clarity.

Divestment 147

Divestment 147

ESG Today

APRIL 10, 2023

The report says that AXA IM “expects investors to continue mobilising around the issue of biodiversity” in 2023. As a responsible asset manager, we see stewardship as a vital mechanism to power a just and green transition, with climate change, biodiversity and mitigating social risks centre stage of our activity in 2022.”

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Divestment Climate Change Development 98

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 Chains Supply Chain Waste 119

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

ESG Today

DECEMBER 2, 2024

Several Republican states have launched ESG-focused lawsuits over the past several months, often targeting BlackRock as the largest global investment management company, and a leading voice in the investment community on climate and energy transition-related investment themes, including Mississippi earlier this year , and Tennessee in December 2023.

Net Zero 145

Net Zero Divestment Decarbonize 145

3BL Media

SEPTEMBER 29, 2023

South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. They can also divest from high-emitting industries such as thermal coal production. When developing an investment decarbonisation approach aligned with +1.5°C

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

FEBRUARY 12, 2024

Move follows decision by Dutch pension fund PFZW to divest from nearly all of its fossil fuel holdings. PGGM has announced it would shift its engagement focus from the supply to the demand-side of the energy sector, following a decision from its largest client PFZW to divest from most of its fossil fuel holdings.

Divestment 59

Divestment Paris Agreement 59

Chris Hall

MAY 10, 2024

Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. An example was the Church of England Pensions Board’s announcement in June 2023 that it planned to divest from oil and gas companies. Divestment has been a recurring theme across Crossman’s two-decade career.

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Stewardship Code Divestment Net Zero Development 85

Chris Hall

JANUARY 20, 2023

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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Divestment Paris Agreement UNEP Net Zero 52

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

Net Zero 113

Net Zero Decarbonize Divestment Global Economy 113

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

Divestment 59

Divestment Paris Agreement Climate Change Net Zero 59

3BL Media

MARCH 25, 2024

billion in 2023. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 23,000 people across 68 plants in 19 countries, O-I achieved revenues of $7.1 dollar, (18) changes in tax laws or U.S.

Decarbonize 162

Decarbonize Supply Chains Supply Chain Divestment 162

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 By divesting from or choosing not to invest in solar energy, we do not address the underlying issues – we avoid them,” Raphaela Schmid, Head of ESG and Sustainability at SUSI Partners, told ESG Investor.

Supply Chains 59

Supply Chains Supply Chain Divestment Manufacturing 59

ESG Today

JANUARY 23, 2023

For the report, Real Asset Study 2023, Aviva Investors polled 500 institutional investors, including pension funds, insurers, global financial institutions and official institutions, across Europe, North America and Asia, representing combined assets under management of $3.5 trillion, in a survey conducted by CoreData Research.

Divestment 98

Divestment Net Zero Greenwashing Sustainable Investment 98

3BL Media

FEBRUARY 21, 2024

The Reims plant, which celebrated its 150 years anniversary in 2023, is a model for O-I’s overall sustainability efforts. billion in 2023. In total, O-I has invested €90 million into the Reims site since 2019, when its other furnace was rebuilt—contributing to making it one of the most modern plants within O-I’s global footprint.

Supply Chains 162

Supply Chains Supply Chain Divestment Development 162

Chris Hall

MARCH 27, 2024

In its new strategy, the company claims it will invest US$10-US$15 billion between 2023-2025 in low-carbon energy solutions, such as electric vehicle charging, biofuels, renewable power, and carbon capture and storage. Last year, it invested US$5.6 billion in low-carbon solutions – 23% of its total capital spending.

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Paris Agreement Climate Change Divestment Banking 133