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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. In 2016, Corporate Knights analysis showed that the New York State Common Retirement Fund lost at least US$5.3 It can be good for financial returns, too.
The ranking was first calculated on July 1, 2016, and publicly released on August 15, 2016, by Corporate Knights and As You Sow. Clean 200 Methodology The Clean200 are the largest 200 public companies ranked by clean revenue. The current list has been updated with data through January 29, 2025.
The ranking was first calculated on July 1, 2016, and publicly released on August 15, 2016, by Corporate Knights and As You Sow. Clean 200 Methodology The Clean200 are the largest 200 public companies ranked by clean revenue. The current list has been updated with data through January 29, 2025.
For years, seven of the top 10 companies on the Dow Jones Index were oil companies until 2016 when most fell out of the top 10, leaving only Exxon. This helps explain why more than $11 trillion have been divested from fossil ownership, even before the University of California announced that it was divesting its $80 billion portfolio.
Since our first report was launched in the summer of 2016, a great deal has changed in the world. On this score, as of January 31, 2022, the Clean200 has outperformed its MSCI ACWI peers by 3.94% since the Clean200 was launched in July of 2016. Cement carbon laggards Companies in the cement industry that were divested by NBIM.
They also beat the global benchmark MSCI ACWI by 30% from July 1, 2016, to January 29, 2025. on a sustainable-revenue-weighted basis, outperforming the MSCI ACWI index (162.0%) and the MSCI ACWI/Energy Index of fossil fuel companies (76.7%) on Total Return Gross USD Basis from the Clean200 inception of July 1, 2016, to January 29, 2025.
million more than in 2016. million in 2016. Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Earlier this year, the world’s largest sovereign wealth fund Norges Bank Investment Management (NBIM) paid €600 million (US$651.4
million more than in 2016. million in 2016. Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Earlier this year, the world’s largest sovereign wealth fund Norges Bank Investment Management (NBIM) paid €600 million (US$651.4
Reflecting on these findings, it’s perhaps understandable that some investors have become frustrated by the sector’s lack of progress. Last year, the Church of England Pensions Board and Church Commissioners divested from all oil and gas firms that failed to align with climate goals – including Shell.
As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. Part of this revolution is the meteoritic growth of green bonds, which were started in 2007 by the World Bank and the European Investment Bank. But what are they? City bonds are mostly AA.
Research will span the introduction of the Paris Agreement in 2016 to the conclusion of the 2023 proxy season, with the aim of comparing the voting patterns of asset owners and managers. According to Hoepner, the research will examine investor stewardship at all oil and gas companies tracked by the Transition Pathway Initiative (TPI).
The heat is on – On the hottest day on record , the World Meteorological Organization officially confirmed the return of El Niño, the climate pattern responsible for the warmest year on record in 2016, and the extreme weather conditions across large parts of the Global South. This raises the prospect of 1.5°C
As COVID came to dominate 2020, she helped donate more than 600,000 meals and 100,000 pounds of packaging to food banks. While at Tufts University, from which he received a bachelor’s in international relations and economics, Dowd was involved with the school’s fossil fuels divestment campaign and interned in the Obama White House.
In a report Reclaim Finance notes that a tightening of the Race to Zero criteria “led to a pushback from some GFANZ members, and especially the big US banks ”. Before GFANZ, not one bank had set or published an interim net-zero target. Today more than half the banks in Net Zero Banking Alliance have set science-based targets for 2030.”
In 2016, the head of Canada Pension Plan Investment Board, Canada’s biggest pension fund, warned it should operate “at an arm’s length” from the government after it called on the fund to invest in Canadian infrastructure. California’s proposed divestment laws addresses the systemic risk of climate change, he says.
The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. Student divestment movements have succeeded in removing fossil fuels from a number of universities in 2021.
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