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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. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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Are lawyers and accountants doing enough on climate change?

GreenBiz

Are lawyers and accountants doing enough on climate change? When it comes to the climate crisis, it’s not just what you make and sell, it’s what you do, and for whom you do it. According to the group’s scorecard , Vault 100 firms: litigated 286 cases exacerbating climate change (versus three cases mitigating it).

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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. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.

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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The guidelines set out MAS’ supervisory expectations for the financial institutions to have a sound transition planning process, enabling effective climate change mitigation and adaptation measures by their customers and portfolio companies to manage the transition to a net zero economy, as well as the physical effects of climate change.

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The Mechanics of Divestment  

Chris Hall

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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Edison International 2021 Sustainability Report: Climate Change Mitigation

3BL Media

Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climate change goals in the U.S. Climate Action. Edison International supports collaborative efforts to address climate change.

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Divestment Doesn’t Close Door on Engagement

Chris Hall

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. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .