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Is one of Canada’s largest pension funds quietly divesting from fossil fuels?

Corporate Knights

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. And OMERS might finally be listening. . appeared first on Corporate Knights.

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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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Louisiana Divesting $794 Million from BlackRock to “Protect” Funds from ESG Investing

ESG Today

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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Florida Pulls $2 Billion from BlackRock Due to ESG Investing

ESG Today

Florida will divest $2 billion of assets managed by BlackRock by the end of the year, according to a statement released Thursday by state Chief Financial Officer Jimmy Patronis, citing the investment manager’s integration of ESG considerations in its investment process. The state’s assets included in the divestment include $1.43

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The Future of Climate Investing

3BL Media

Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets. Beyond divestment, “emissions can be reduced by funding greener companies on public and private markets, but also on fixed income markets, sustainable bonds, green bonds, etc.”

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

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BlackRock Strikes Back Against Climate Activism Claims

ESG Today

In his most recent annual CEO letter , Fink further detailed the climate-focused investment case, forecasting a “tectonic shift” in capital towards sustainable investing, and calling the decarbonization of the global economy “the greatest investment opportunity of our lifetime.”.

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