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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As with the financial divestment movement, there is a valid debate about whether engagement with high-carbon firms that are working to reduce their emissions is more effective than simply severing ties. Michael Holder. Mon, 11/30/2020 - 01:00.

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Are lawyers and accountants doing enough on climate change?

GreenBiz

The study analyzed litigation, transactional and lobbying work conducted from 2015 to 2019. After all, the $41 million ExxonMobil spent on climate lobbying in 2019 ( according to InfluenceMap ) exceeds the entire $37 million annual operating budget ( 2019 ) of Greenpeace USA. Four firms receive an A while 26 received an F.

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Take Five: Europe’s Green Brigade Takes Shape 

Chris Hall

This week, Aviva Investors abandoned a pledge to divest from high-emitting firms that had previously been put on a climate watchlist, citing a very different macro backdrop since its engagement escalation programme was established. This becomes a tougher shout when investee firms appear to be betting against their public commitments.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8 Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5

Net Zero 113
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Engagement with Consequences

Chris Hall

Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.

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A Principled Stance

Chris Hall

Unlike many other countries, the UK has targets that are legally binding under the Climate Change Act 2008 (2050 Target Amendment) Order 2019 – which Skidmore, in his former capacity of interim minister of state for energy and clean growth, signed into law in June 2019.

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The “Ripple Effect” of Universal Ownership

Chris Hall

The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.