Financial Times: Moral Money

FEBRUARY 11, 2024

University’s exposure has risen despite landmark 2020 commitment to divestment

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Divestment 111

Corporate Knights

JANUARY 10, 2024

Sustainable investments soared in 2020 and 2021 , and that was certainly when the shine was on. Clean energy stocks performed tremendously in 2020 and early 2021, but in hindsight this was clearly a bubble. Divestment is different from ESG, which is different from impact investing. But that’s not what I’m seeing.

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Sustainable Investment Divestment Negative Screening Greenwashing 329

3BL Media

DECEMBER 20, 2023

Voice Through Divestment The other Honorable Mention paper examines how divestment of stock holdings and pledges to disinvest affect target companies and industries, given past skepticism about this link. The research underscores the significant financial impact of environmental advocacy and public sentiment,” says judge Lilian Ng. “It

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Divestment Academics Analytics Development 162

ESG Today

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

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Divestment Net Zero Paris Agreement 141

Chris Hall

MARCH 4, 2022

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

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Divestment Supply Chains Supply Chain Value Creation 52

Chris Hall

MAY 17, 2022

The California State Teachers’ Retirement System (CalSTRS) and the California Public Employees’ Retirement System (CalPERS) have “wildly exaggerated” the costs of divesting fossil fuel holdings, according to climate activist group Fossil Free California (FFC). billion in fossil fuel investments that would need to be divested under SB 1173.

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Divestment Net Zero Climate Change 52

3BL Media

FEBRUARY 18, 2022

In 2009, developed countries pledged to mobilize $100 billion annually by 2020 to help developing nations adapt to climate change. While final figures are not yet available, the OECD reported that developed countries are expected to miss the mark in 2020, and the goal will likely not be reached until 2023.

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Net Zero Climate Change Divestment COP26 246

3BL Media

APRIL 19, 2022

This step will help you identify the riskiest physical locations and products to divest from and access public incentives. You can also divest from risky assets and manage risk within the supply chain. Investments from the community can be made in a way that benefits everybody.

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Divestment Development Climate Change Supply Chain 130

Chris Hall

MAY 10, 2024

When Rathbones launched VAS in 2020, the first step was to invite PRI signatories to sign engagement letters, which were then sent to 22 target FTSE 350 companies. Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. So we decided to strike while the iron was hot.”

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Stewardship Code Divestment Net Zero Development 85

Chris Hall

APRIL 1, 2022

The fund was previously under pressure to divest from carbon-intensive oil and gas companies but, like other asset owners, CalSTRS is choosing to engage, with divestment serving as a last resort. . If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.

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Divestment Net Zero Climate Change Sustainable Investment 52

ESG Today

SEPTEMBER 10, 2022

In his landmark letter to CEOs in 2020 indicating that sustainability and climate issues would become a central consideration in the firm’s investment process, BlackRock CEO Larry Fink spelled out his rationale for this strategy, based on the reasoning that “climate risk is investment risk.”

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Net Zero Global Economy Divestment Sustainable Investment 145

Chris Hall

JUNE 2, 2023

“We want to see selected companies’ exposure to these opportunities grow over time,” said Stansbury. The firm will utilise a variety of assessment approaches / methods, including its Destination@Risk tool.

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Divestment Paris Agreement 98

ESG Today

DECEMBER 7, 2022

Launched in December 2020 with a group of 30 asset managers representing approximately $9 trillion of assets under management (AUM), the coalition has grown rapidly, reaching nearly 300 firms with $66 trillion in AUM, as of November 2022.

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Net Zero Divestment Decarbonize Banking 129

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.

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Net Zero Divestment Climate Change Chief Sustainability Officer 52

3BL Media

MAY 17, 2022

In 2020, Microsoft pledged to become carbon negative by 2030 , remove historic carbon emissions by 2050, and invest $1B in a climate innovation fund. In early 2020, CEMEX committed to reaching net-zero by 2050 and increased their 2030 emissions reduction target from 30% to 35%. CEMEX Industry: Cement Headquarters: Mexico.

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Net Zero Zero Carbon Climate Change Greenhouse Gas Protocol 130

Chris Hall

JUNE 26, 2023

But this is a way to put pressure on Amazon that you also see in resolutions at their annual general meetings (AGMs).” Earlier this year, Danish pension fund PBU divested Amazon over issues with labour rights after five years of engagement. We’re totally aware of that.

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Divestment Banking Development 52

Chris Hall

APRIL 5, 2024

As You Vote guidelines were added to the Broadridge Proxy Edge platform for institutional investors in 2020. Behar said that university endowments use its proxy advice as part of engagement with students who wanted divestment from fossil fuels. Sometimes it’s hard to adjust your portfolio rapidly,” he said.

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Divestment 75

3BL Media

MAY 26, 2022

According to Statista, more than 130 billion parcels were shipped in 2020, and the number is rising. A circular economy isn’t just about fixing environmental wrongs; it is about making sustainability profitable and profitability sustainable across industries, sectors, and lives. The packaging sector is a good example.

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Supply Chains Supply Chain Waste Manufacturing 130

Chris Hall

FEBRUARY 11, 2022

Following a consultation initiated in September 2020, the Commission has accepted the need to provide clarity on the circumstances in which cooperation on sustainability-related objectives is permissible. “The Commission has been quite open about wanting to see competition as a tool for delivering sustainability goals,” said Kirrage.

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Net Zero Climate Change Paris Agreement Divestment 97

Chris Hall

MARCH 13, 2023

Despite strong progress by asset managers on stewardship since 2020, voting data disclosure and new policies “are not being matched by real-world action”, reports ShareAction. Regarding stewardship, ShareAction found high levels of transparency across voting and engagement, but noted gaps in key areas.

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Stewardship Code Divestment Climate Change Development 52

Chris Hall

SEPTEMBER 6, 2024

The prediction that the pandemic would entrench and exacerbate inequalities appears to have been borne out: nearly 40% of the reduction in the labour income share over the past two decades occurred during the pandemic years 2020-22. The figures also maintain a downward trajectory that has persisted since the 1980s.

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Divestment Net Zero Climate Change Banking 80

Chris Hall

APRIL 7, 2022

Pressure to divest is commonly applied by ESG-conscious investors who no longer want to be associated with these companies or fund them. However, in practice, divestment is not the best strategy to enact change or to have a meaningful impact. Mining, for example, provides the raw materials needed to make components in green technology.

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Green Bonds Divestment Net Zero Greenwashing 52

3BL Media

JANUARY 11, 2023

The divestment movement will wane. million in 2020 to over 10 million in 2022. The answer lies in rapidly growing the clean rather than shrinking the dirty and helping high-emitting sectors. Jonas Rooze, manager of sustainability and climate research. Electric Vehicles – Another Record Year.

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Supply Chains Supply Chain Paris Agreement Divestment 130

Chris Hall

OCTOBER 18, 2023

C no/low overshoot scenarios state that the global economy needs to decarbonise by 22%-32% for 2025 and 40%-60% for 2030 from 2020. “NZAOA members must adhere to these same reductions in their own portfolio – if they do not, they will be marked as a red flag in our accountability mechanism,” a spokesperson told ESG Investor.

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Net Zero Global Economy Divestment Climate Change 69

Chris Hall

JULY 14, 2023

of global GDP, in 2020, and are expected to increase to 7.4% In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. trillion, or 6.8% The Church Commissioners, which manages the CoE’s £10.3 billion (US$13.2

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

OCTOBER 22, 2024

It now aims to further halve its emissions by 2030 compared to 2020 levels – with the long-term goal of achieving net zero by 2040. “We The results affect divestments in our portfolio.” This enables investors to select companies that are material for the energy transition, while divesting from high-emissions companies.”

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Net Zero Paris Agreement Divestment Stranded Assets 52

Chris Hall

JUNE 14, 2023

This slashes portfolio emissions and sends a strong signal to oil and gas firms about the financial consequences of failing to set out credible transition plans.

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Net Zero Divestment Climate Change Sustainable Investment 52

Chris Hall

NOVEMBER 30, 2023

Between 2020 and 2022, over 40% of US tech IPOs used the DCSS and 20% of US non-tech IPOs – significantly higher levels than historic averages. ” The CoEPB, which decided to divest oil and gas in May for stalling on net zero progress, has released its inaugural climate action plan today (30 November).

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Divestment Net Zero 64

Chris Hall

DECEMBER 13, 2022

Managers also reported applying fossil fuel divestment screens across US$1.2 trillion in 2020 – due to a change in methodology and an impending tightening of regulation. Climate change was also the most important ESG issue for asset managers, addressed across US$3.4 trillion in assets under management. New methodology, regulations.

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Climate Change Net Zero Negative Screening Sustainable Investment 52

Chris Hall

SEPTEMBER 21, 2022

In March , NBIM published its 2021 ‘Responsible Investment’ report , which noted that more than half of its divestments (32 out of 52) were the result of unacceptable social and governance-related risks, including poor tax transparency, anti-corruption and human rights violations. .

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Net Zero Climate Change Carbon Offsets Divestment 52

Stanford Social Innovation

JULY 31, 2023

For example, in 2020, the student-led group Students Deserve (a TCE grantee) supported Kahlila and other teens in advocating that the Board of the Los Angeles Unified School District shift priorities away from policing and toward investments in Black student success.

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Divestment Development 98

James Militzer

MARCH 2, 2023

Tesla’s Battery Supply Chain: A Growing Concern (Published 4.22.2022) In its 2020 impact report , Tesla said, “None of our scrapped lithium-ion batteries (LIBs) go to landfills and 100% are recycled.” In 2020, the company announced the launch of the first-ever carbon negative carpet tile.

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Supply Chains Supply Chain Climate Change Development 98

Chris Hall

FEBRUARY 27, 2023

The report also found that some managers have shown “sharp changes” in performance since 2020, with European asset managers continuing to lead on responsible investment overall compared to their North American and Asia Pacific counterparts. Dutch firm Robeco led the rankings and were the only firm to be given an AA ranking.

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Divestment Sustainable Investment Development 52

Chris Hall

SEPTEMBER 27, 2024

Following this work, the UK Stewardship Code 2020, which we still use today, was published. We pursue a strategy of engagement rather than divestment. Back in 2019, stewardship was often seen as an elusive concept. Q – You have recently increased your exposure to several oil and gas companies. A – Stewardship.

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Net Zero Stewardship Code Value Creation Divestment 59

Chris Hall

SEPTEMBER 22, 2022

It contrasted the negative performance against benchmarks resulting from divestment from fossil fuel firms with the positive relative returns achieved by funds not exposed to the sector in Q1 2020. How to exercise greater positive influence. A third possible pitfall is described as “undermining climate objectives”.

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Net Zero Divestment Greenwashing Manufacturing 52

Chris Hall

APRIL 5, 2022

Agora’s recommendations, which include installation of new gas boilers and scaling up of heat pump installation, would reduce EU buildings’ existing fossil gas use by 480 terawatts an hour (TWh) by 2027 compared to 2020 levels of 1,400TWh. . Do they divest so the poorly performing assets are no longer on their books?

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Net Zero UNEP Divestment Banking 52

Sustainability Update

OCTOBER 30, 2021

Adding our perspective why this is a very important development: The company is a member of the American Investment Council (formerly, Private Equity Growth Council). What about P/E and sustainability? . We have the link to the Blackstone report in the Top Story this issue. TOP STORIES.

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Divestment Sustainable Investment Impact Investing Development 40