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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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State Street CEO: Active engagement is imperative for reaching net zero

GreenBiz

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.

Net Zero 263
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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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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on net zero transition planning for financial institutions, including banks, insurers and asset managers.

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To Meet Net Zero, Prioritize ESG Laggards

3BL Media

With the long-term goal of net zero in mind, it may be tempting for investors to focus on capitalizing ESG trailblazers over ESG laggards. Engaging for Net Zero. By 2040, the company aims to be net zero and expects their carbon management business will overtake their traditional business.

Net Zero 246
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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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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. Airlines have faced "flygskam" — or flight shame — which has seen some travelers shun air travel, heightening pressure for the sector to demonstrate that it can develop a flight path to net-zero emissions. Michael Holder.