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Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zerocarbon company by 2050. No doubt Shell is counting on some miracle like carbon capture to preserve its adherence to a century-old business model of selling oil. Is that possible?
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.
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.’” Steel (177) – which recently committed to being zero-carbon by 2050. through those years.
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.
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