Remove 2015 Remove Banking Remove Divestment
article thumbnail

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.

article thumbnail

Why investors are putting biodiversity on the balance sheet

GreenBiz

Nordea’s divestment, along with pressure from other institutions, such as Norwegian pension fund KPL, led to a pledge from JBS to use blockchain to monitor its entire supply chain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Four key lessons from the world’s top responsible investors

Corporate Knights

Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community. Studies have shown that divesting really works, both to cause the stock prices of climate-damaging stocks to fall and to create additional financial value.

article thumbnail

Are lawyers and accountants doing enough on climate change?

GreenBiz

The study analyzed litigation, transactional and lobbying work conducted from 2015 to 2019. health insurers are all invested in the fossil fuel industry" and will call on insurers to divest from these companies, calling them "the greatest threat to human health.". supported $1.316 trillion in transactions for the fossil fuel industry.

article thumbnail

Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113
article thumbnail

Investors Face Direct Risk from Climate Litigation

Chris Hall

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

article thumbnail

Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.