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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.
Between July 1, 2016, and January 15, 2024, Clean200 companies generated a total return of 103.5%. In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” through those years. through those years. dollars.
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 An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We The research highlighted that 27.6
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 An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We The research highlighted that 27.6
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. From a mere three billion USD in 2012 it has grown to $81 billion in 2016 and could reach $150 billion this year. If growth was slow from the first green bond issuance to 2012, things have accelerated since.
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
Recently, large-scale solar generation has begun rapid expansion, growing from negligible levels before 2016 to 3% of all Australian electricity generation in 2020, representing a four-year growth rate of 1,268%. The fund has allocated A$1 billion in renewable and low-carbon technologies in its infrastructure and private equity portfolio.
Born in Seoul before immigrating to the United States at age 2, Morgan Collins followed his father into a career in finance, working with hedge funds and private equity firms including BlackRock, making the leap to the Starbucks treasury department in 2016. One of the things I’ve learned is the government moves pretty slowly," she says.
Prior to unveiling its net zero commitment last September, CalSTRS started investing in a low-carbon public equities index in 2016. “CalSTRS is taking bold measures to mitigate the risk climate change poses to our fund, while prioritising our plan to reach full funding by 2046 and fulfilling our promise to California’s teachers.” .
trillion in 2016, accounting for one-third of total global assets under management. ESHG-minded Investors can leverage their financial power by divesting from companies that aren’t doing healthy business. trillion by the beginning of 2020, an increase of 42 percent. trillion in 2018 and $22.8
For 2016-2020, the ratio improved to was 0.7:1 Rooke says these are “encouraging signs” and asserts that GFANZ’s focus is on engaging with carbon-intensive firms rather than divestment. “We According to a recent BloombergNEF analysis , the 2011-2015 low-carbon to fossil energy supply investment ratio was US$0.5
For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.
Last February, four student activists at Manhattan’s New York University got the meeting they’d been waiting for: a chance to tell the school’s board of trustees why the university should divest the fossil fuel stocks in its US$5-billion endowment. It was a big win. and Canada in September.
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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