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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Between 2008 and 2017, fossil-fuel industry trade associations in the U.S. Michael Holder. Mon, 11/30/2020 - 01:00. Anyone doubting the seriousness of the campaign needs only look at the team behind it. It is a big business. spent almost $1.4
Divesting from industrial animal farming in the pet food sector would deliver significant environmental benefits. A 2017 study published by University of California Los Angeles professor Gregory Okin, entitled Environmental Impacts of Food Consumption by Dogs and Cats , found that meat consumed by cats and dogs in the U.S.
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.
Harvard finally announcing their divestment from fossil fuels (after years of pressure from outside groups) earlier this year. Business Roundtable redefining the purpose of a corporation to benefit all stakeholders, not just shareholders, in 2019.
The city-state's top universities have largely ignored calls to divest from fossil fuels. In some cases, their campuses have become more entrenched with Big Oil since a student divestment campaign started in 2017, a new study finds.
The transaction includes the divestment of Bayer’s West Sacramento Biologics Research & Development site, and its internal discovery and lead optimization platform. As part of the agreement, Bayer retains the right to commercialize the technology to complement synthetic fertilizer use in the coming years.
S&P Global reversed a 2017 decision to bar new companies with dual-class shares from its indices and in May, the UK’s Financial Conduct Authority proposed new listing rules which would be “more permissive” on dual class shares, allowing directors to hold shares with unlimited voting rights, subject to a 10-year sunset clause. .
In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month.
The new indicator includes metrics to see whether any emissions reductions have been due to actions such as divestment. While at a corporate level firms might be decreasing their emissions, real economy emissions will increase as the assets continue to be run by a different party.
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.”.
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 .
California required SCE and other investorowned utilities to divest the majority of their generation assets beginning in the late 1990s in order to promote competitive energy pricing. Among other things, SCE divested from and terminated all contracts with coal-burning resources and, since 2015, has had no coal in its specified portfolio.
Many investors also stated that it was critical for them to remain invested in green energy industries, and that divestment was typically used as a last resort. However, it was unclear what factors would trigger strategic divestment and on what timeline.
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.
Originally launched in 2017, CA100+ now has 700 investor signatories representing US$68 trillion in assets. . Engagement conducted as part of CA100+ has driven notable progress towards climate goals, with more than 110 focus companies having made net zero commitments today, compared to just five in 2017,” the CA100 spokesperson said. .
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 An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We million in 2016.
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 An NBIM spokesperson stressed the importance of engagement, as opposed to divestment on the issue. “We million in 2016.
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. His first taste of the potential for sustainable finance came in 2017 when he led Starbucks in issuing the company’s first sustainability bond issue in a foreign market, Japan.
Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2015, France’s AXA became the first insurance company to start divesting from coal. In the U.S.,
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.
Launched in 2017, Climate Action 100+ is an investor initiative that has targeted the world’s largest corporate greenhouse gas (GHG) emitters to promote taking necessary action on climate change, and align their business strategies with net zero in order to help limit average global temperature rise to 1.5 degrees Celsius.
Launched in 2017, Climate Action 100+ is an investor initiative that has targeted the world’s largest corporate greenhouse gas (GHG) emitters to promote taking necessary action on climate change, and align their business strategies with net zero in order to help limit average global temperature rise to 1.5 degrees Celsius.
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.
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.
The move, in 2017, was the first example of this type of climate-risk related disclosure in the US, and globally. A figure well-versed in the types of legal and political attacks the SEC will face is California’s former Insurance Commissioner Dave Jones.
Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?— The only meaningful policy enacted by the Trump administration and Republican Congress in 2017–2018 was the giant corporate tax cut, bought and paid for by corporate donors.
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”). While the U.S. If added to the SDN List, all U.S. assets held by such individuals would be frozen, and U.S.
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. Focused, imaginative and relentless action can achieve unexpected victories.
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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