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Since 2017, the government has placed an estimated 1.8 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
Since 2017, the government has placed an estimated 1.8 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
Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. In addition, CDPQ has reduced the carbon intensity of its corporate portfolio by 59% compared to 2017, when it released its inaugural SI strategy.
It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt. In July, Inditex pledged a “phased and responsible” exit from the region under military rule.
As COVID came to dominate 2020, she helped donate more than 600,000 meals and 100,000 pounds of packaging to food banks. She took matters into her own hands in 2017, when she founded the reusable underwear line Pantys , the first of its kind in Latin America. Modernizing the space, though, would require a new approach.
From 2021 to May this year, 22 investors, including banks and pension funds, have divested from JBS or its subsidiaries, citing its links to biodiversity loss and governance issues, according to the Financial Exclusion Tracker project. JBS is widely regarded as an ESG pariah.
Stephanie Pfeifer, CEO of the Institutional Investors Group on Climate Change which co-founded CA100+, says “When CA100+ launched [in 2017], five focus companies had set net zero emission targets by 2050, now we are at three-quarters. Before GFANZ, not one bank had set or published an interim net-zero target.
This report was provided to Congress by the Department of the Treasury in 2018 pursuant to the Countering America’s Adversaries Through Sanctions Act of 2017 (“CAATSA”). Removing Russian financial institutions from the SWIFT system would dramatically hinder, if not stop, a significant number of transactions involving Russian banks.
They are so committed to the industry and to climate inaction that they have passed legislation in states like Texas to prohibit asset managers and banks that consider ESG and climate risk from doing business with state entities. Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?—
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