Chris Hall

JUNE 7, 2023

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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Divestment Climate Change Net Zero Banking 52

ESG Today

OCTOBER 19, 2023

MAS Managing Director Ravi Menon said: “Indiscriminate divestment from carbon-intensive activities will not get us to a net-zero world. According to MAS, withdrawing financing, insurance or investment from higher climate risk-exposed companies with credible transition plans could deprive them of the financing needed to decarbonize.

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Net Zero Divestment Banking Climate Change 94

ESG Today

JANUARY 4, 2023

JPMorgan Chase, BlackRock and Citigroup were among a list of financial companies informed that they face potential divestment by Kentucky state government entities unless they stop “boycotting energy companies,” according to a statement released Tuesday by Kentucky State Treasurer Allison Ball.

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Divestment Net Zero Decarbonize Banking 113

ESG Today

OCTOBER 6, 2022

According to a statement from the Treasury, the divestment comes in response to reports that “BlackRock has urged companies to embrace “net zero” ESG (Environmental, Social and Governance) investment strategies,” which would harm the state’s fossil fuel industry.

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Divestment Net Zero Global Economy Climate Change 136

3BL Media

SEPTEMBER 12, 2022

In recent years, some plan managers have trimmed portfolio holdings of fossil fuel companies (oil, gas, coal) and even divested holdings partially or in the entirety. Tweet me: Invest or Divest in Oil, Gas & Coal Companies? cover about 15 million workers and families and manage about $4.5 trillion in assets of various classes.

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Divestment Corporate Social Responsibility 113

Environmental Finance

MARCH 14, 2023

Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.

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Divestment 85

Chris Hall

OCTOBER 5, 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. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .

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Divestment Net Zero Paris Agreement Sustainable Investment 52

Corporate Knights

NOVEMBER 24, 2023

Graham’s speech also included dubious statements about divestment and the pace of transition away from fossil fuels, claiming that the “global investment community has also changed its tune when it comes to fossil fuel divestment.” This “consensus” is imaginary.

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Divestment Climate Scientist Chief Sustainability Officer Zero Carbon 340

Corporate Knights

OCTOBER 11, 2022

But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. Divestments (8%). 0.124 Retirements and divestments (100%). Divestments (25%). 4 BP PLC Oil & Gas 35,600,000 32,600,000 -0.48 -0.583 Divestments (87%).

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Divestment CDP Stranded Assets Decarbonize 355

Chris Hall

MAY 19, 2022

To divest or not to divest? Another is establishing the liquidity levels of those investments which enable rapid divestment. Many began the divestment process because of evidence of systematic human rights abuses and corruption led from the very top. However, allocators’ work does not end there. billion (£2.3 billion (£2.3

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Divestment Supply Chains Supply Chain Banking 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.

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Divestment Net Zero Climate Change 52

GreenBiz

DECEMBER 15, 2021

For one investor to sell a share, another must buy it.

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Divestment 404

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).

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Divestment Supply Chains Supply Chain Climate Change 52

Chris Hall

MARCH 21, 2022

Institutional and wholesale investors are increasingly willing to divest oil and gas firms and other carbon-intensive holdings to meet net zero commitments, according to a new global study. . Divestment appetite . Both institutional and wholesale investors said they expected to increase their divestment of carbon-intensive assets.

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Net Zero Divestment Climate Change Impact Investing 52

GreenBiz

JULY 11, 2022

State Street Chairman and CEO Ron O’Hanley offers his perspective on divestment, stewardship and why the route to net zero won’t be a straight line.

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Net Zero Divestment 329

Tobias Webb

MARCH 22, 2022

Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. This piece examines sanctions and corporate divestments through a slightly more sceptical lens. We are not arguing that divestment is or is not the right course of action for companies to take.

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Divestment Supply Chains Supply Chain Development 72

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. The post Divested Interests? We propose instead the use of a broader, forward-looking set of metrics.

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Divestment Net Zero Climate Change 52

Environmental News Bits

JULY 11, 2022

The denomination’s General Assembly, meeting online, voted overwhelmingly this week for a resolution targeting Chevron, ExxonMobil, … Continue reading Largest Presbyterian church body divesting from fossil fuel companies, citing climate concerns.

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Divestment Climate Change 75

Environmental Finance

SEPTEMBER 9, 2022

HESTA said divestment on climate grounds from four energy firms it has warned of intensified engagement is its option of last resort - but remains possible if their response to engagement is "insufficient".

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Divestment 56

GreenBiz

JUNE 8, 2022

Divesting might help these organizations achieve their net-zero targets, but how can we really solve the core problem?

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Net Zero Divestment 319

Energy Central

DECEMBER 8, 2022

Over the past decade, climate and environmental activists have pushed organizations to divest fossil fuel investments. The total value of the institutions divesting is.

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Divestment 40

ESG Today

AUGUST 25, 2022

Claims ESG investors “push a social and political agenda shrouded in secrecy” Investment and finance giants BlackRock, Credit Suisse and UBS are among a list of ten financial companies published by Texas as subject to potential divestment for boycotting energy companies.

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Divestment Net Zero Banking Development 98

Environmental News Bits

SEPTEMBER 28, 2022

Organized by the Students with Environmental Concerns RSO, students converged by Alma Mater at noon on Wednesday as part of a climate strike that aimed to draw attention to the climate crisis and demand that the University divest from its economic holdings in fossil fuels and nonrenewable … Continue reading Students protest in climate strike (..)

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Divestment 40

Environmental Finance

SEPTEMBER 14, 2022

Australian super fund UniSuper has announced that it will consider divestment from oil and gas companies if they show a "lack of action" and "no viable decarbonisation pathway".

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Divestment 45

Environmental Finance

SEPTEMBER 6, 2022

HESTA has warned four energy firms they face heightened scrutiny and potential divestment due to their lacklustre decarbonisation strategies, as the Australian pension fund announced a strengthened 2030 decarbonisation target.

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Divestment 45

GreenBiz

FEBRUARY 16, 2022

The group’s strategy is modeled on legislation to punish divestment from Israel.

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Divestment 335

Environmental Finance

OCTOBER 7, 2022

The treasurer of Louisiana has pledged to divest from all investments made by the state in BlackRock funds in a further escalation of the sustainable investing political backlash in the US.

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Divestment Net Zero Sustainable Investment 45

Global Renewable News

NOVEMBER 8, 2023

Highlights The agreement between the two companies could be expanded to include more mini-hydro assets in the future The divestment operation is part of the asset rotation plan announced at.

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Divestment 100

Impact Alpha

JUNE 22, 2020

ImpactAlpha, June 22 – The Vatican’s call last week urging Catholic congregations to divest from fossil fuels came in a 225-page manual meant to provide practical steps for implementing Pope Francis’ 2015 encyclical on climate change. Journeying Towards Care For Our Common Home’ calls for the world’s 1.2

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Divestment Climate Change 59

Corporate Knights

JANUARY 24, 2023

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 2015, France’s AXA became the first insurance company to start divesting from coal. In the U.S.,

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Divestment Climate Change Net Zero Development 352

Financial Times: Moral Money

SEPTEMBER 14, 2023

Selling up means giving up a seat at the table

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Divestment 129

Corporate Knights

JULY 14, 2022

EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. MH: Choosing among responsible investment tools – positive and negative screening, divestment and engagement – is complicated. The “clean hands” approach of divestment best expressed the moral outrage of activists over apartheid.

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Divestment Greenwashing Climate Change Ethical Investment 254

Environmental Finance

AUGUST 4, 2022

Australian fund NGS Super has divested from companies involved in oil and gas exploration and production.

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Divestment 45

GreenBiz

OCTOBER 4, 2021

Students had demanded for years that the university divest from fossil fuels. What happens next?

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Divestment 242

Eco-Business

OCTOBER 30, 2023

While experts have lauded the regulator’s transition planning guidelines as one of the most comprehensive for the sector thus far, it remains unclear when divestment could be a valid and sound step to take.

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Divestment Banking 22

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.

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Divestment UNEP Net Zero Banking 272

Global Renewable News

JANUARY 9, 2023

The technology group Wärtsilä announces the.

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Divestment 100