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NBIM Divestments Driven by Social, Governance Risks

Chris Hall

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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AkademikerPension Holds Tech Firms to Account

Chris Hall

AkademikerPension recently divested from all fossil fuel companies in its portfolio. trillion in market capitalisation.

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Asset Owners and Managers to Target Renewable and Social Infrastructure

Chris Hall

The investors that were more exposed to power and gas benefited more than the peer groups that had mostly divested from conventional power generation. Operational value creation is paramount, said the report’s authors, with many investors saying the focus will shift towards more “hands-on value creation”.

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Take Five: Breaking Point

Chris Hall

But when the largest players’ strategies are so wholly focused on dirty revenue maximisation – campaign Follow This called Chevron’s purchase of Hess a bet that Paris would fail – is there any justification for engagement over divestment? At the very least, investors should pursue a policy of engagement with consequences.

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“Reason Will Win Out”

Chris Hall

Many ESG issues can be material to a company’s core strategy and long-term value creation. billion in AuM – informed Kentucky State Treasurer Allison Ball and Attorney General Daniel Cameron that it would not divest, as instructed, from asset managers, including BlackRock, as it would violate its fiduciary duty.