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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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Four key lessons from the world’s top responsible investors

Corporate Knights

On a panel discussing Climate Engagement Canada – an initiative to foster dialogue between finance and industry for a just transition to a net-zero economy – TD Asset Management’s managing director, Priti Shokeen, said that her team now expects portfolio companies to make sustainability disclosures.

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Is the insurance industry walking away from fossil fuels?

Corporate Knights

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. billion and US$9.9

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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 South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023.

Net Zero 113
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The ESG Interview: Learn from the Past, Look to the Future

Chris Hall

This overtook the Marinara dam disaster as Brazil’s most catastrophic environmental event, which killed 19 people and destroyed the village of Bento Rodrigues in 2015. McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in net zero plans. Disputing divestment.

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The Long Game

Chris Hall

In 2015, the group also submitted its first application to the Financial Reporting Council’s (FRC) UK Stewardship Code. “An The pioneering VAS campaign was launched five years after the passing of the UK Modern Slavery Act 2015, in which section 54 (s54) encouraged every company to produce modern slavery statements.

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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.