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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As fossil fuel companies' social license to operate becomes increasingly frayed, more industries in their orbit are getting entangled in the reputational quagmire that is now part and parcel of any activity that exacerbates the climate crisis.
In August of that same year, reinsurance company Munich Re published a report on the devastating impacts of recent floods, warning of the risks of climatechange. It’s the result of rapidly increasing underwriting losses to climate-driven events that insurers and reinsurers are seeing worldwide.” In Canada, that year saw $2.1
An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. . There’s ultimately a place for both engagement and divestment,” said Nietsch. “If Multi-year effort .
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.
million people, many of whom are Uyghurs, in detention camps, prisons, and factories that are linked to this supply chain. “The focus when investors look at green technology is on the ability to really help climatechange and make that positive impact,” Anita Dorett, Director of the IAHR, told ESG Investor. “Our
Climate Action 100+ (CA100+) has increased investor representation on its global steering committee, adding Phoenix Group Head of Stewardship Valeria Piani alongside five others to further expand its geographic experience and expertise.
“Clear reporting on engagement objectives, outcomes and escalation activities is essential for stakeholders to monitor progress on climate action and hold both companies and investors to account when their actions fall short,” said Isobel Mitchell, Research and Engagement Manager at ShareAction. .
However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5% of CDPQ’s total C$452 billion (US$329.7 billion) in AUM.
The requirements stem from the 2017 recommendations of the Financial Stability Board (FSB), a forum set up in the wake of the 2008 global financial crisis, and specifically the board’s Taskforce on Climate-related Financial Disclosure (TCFD). There will be a challenge to find the time and resources.”. Ignoring a major risk”.
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. “At
Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climatechange goals in the U.S. Climate Action. Edison International supports collaborative efforts to address climatechange. Thought Leadership.
What really resonated with me was the fact that I would always have conversations with friends or family about climatechange, and I would either be given one of two answers: that either it doesn’t exist, or that someday either technology or ‘they’ would solve the problem," Battochio says. . LinkedIn | Twitter.
Morgan Asset Management (JPMAM) is not renewing its membership in Climate Action 100+in recognition of the significant investment it has made in its investment stewardship team and engagement capabilities, as well as the development of its own climate risk engagement framework over the past couple of years.” degrees Celsius.
More than nine out of ten (92%) focus companies have some level of executive oversight of material climate-related issues, and 75% of companies have committed to net zero by 2050. We’ve made a lot of progress in terms of changing conversations with companies; talking about net zero is normalised.”
In a statement provided by the firm to ESG Today, an Invesco spokesperson said: “After careful consideration, Invesco has decided to withdraw from the Climate Action 100+ initiative as we believe our clients’ interests in this area are better served through our existing investor-led and client-centric issuer engagement approach.”
It will make the rule more “defensible when it’s challenged in court,” says Wyatt. The SEC is expected to face legal challenges to its climate disclosure rule, in a country where climatechange denial is rife and a concerted anti-ESG effort is underway.
Then there is the Right’s undying support for the fossil-fuel industry and opposition to doing anything to address climatechange. Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?— Using initialisms with meanings unknown to most makes it easier to define them as sinister conspiracies.
It was 2017, and a dumb local teenager threw a firework into a tinder box of dry trees and plants, and in a blink of an eye the beloved Columbia River Gorge was on fire and the City of Portland was covered in smoke for days on end. I’ll never forget when the fires first woke me up.
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