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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.

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Dutch Pension Fund Draws Line in Sand for Fossil Fuels

Chris Hall

Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C The previous limits were 30% and 10%, respectively.

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To Meet Net Zero, Prioritize ESG Laggards

3BL Media

DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. SOURCE: Franklin Templeton.

Net Zero 246
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The Energy Trilemma: Affordability, Security and Climate

Chris Hall

C increase over pre-industrial temperatures was hanging by a thread at the end of COP26, subsequent economic and geopolitical events appear to have dealt a blow to those ambitions – at least in the short term. The sense of optimism at COP26 turned out to be short lived. “We Beast from the east.

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Managers Promise Firm Engagement Across ESG Spectrum

Chris Hall

Aviva Investors, which has £262 billion AUM, said it will develop “teeth” when engaging with directors that do not exhibit sufficient urgency in the pace of change. Aviva Investors expressly referred to divestment as a potential strategy to achieve these goals. Other leading managers were more circumspect in their 2022 outlines.

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ESG Explainer: Engaging with Reality

Chris Hall

The NGO even suggests asset managers are “actively maintaining the status quo by backing fossil fuel companies’ management despite inadequate climate strategies and plans to develop new fossil fuel projects”. How are investors responding to slow progress on climate engagement?

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.