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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
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 .
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.
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.
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. .
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.”. Cabove pre-industrial levels.
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. Yet efforts to make absolute emission reductions, by CA100+’s own admission, “need to improve rapidly”.
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