Remove 2020 Remove Divestment Remove Sustainable Investment
article thumbnail

The biggest carbon losers

Corporate Knights

But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. In terms of sustainable capital expenditures, as a whole the 20 companies projected total sustainable investments of $528 billion (all figures in U.S.

article thumbnail

2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

The award, which recognizes high-impact research in sustainable finance, was presented to Stefano Giglio (Yale School of Management), Theresa Kuchler (NYU Stern), Johannes Stroebel (NYU Stern), and Xuran Zeng (NYU Stern).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CalSTRS Targets Company Directors on Social, Climate Record

Chris Hall

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. . Norges Bank Investment Management (NBIM), which manages Norway’s US$1.1 As of 31 May, 2021, CalSTRS manages US$306.7

article thumbnail

EU Guidance on Net Zero Cooperation Due in Q2 2022

Chris Hall

“The Commission has been quite open about wanting to see competition as a tool for delivering sustainability goals,” said Kirrage. 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.

article thumbnail

Climate tops ESG Priorities for US Institutional Investors

Chris Hall

Climate change is the leading issue being addressed by US asset owners that incorporate ESG factors into their investment decisions, according to the US SIF Foundation’s latest biennial Report on US Sustainable Investing Trends. Managers also reported applying fossil fuel divestment screens across US$1.2

article thumbnail

The Private Equity World: Broadening Focus on Sustainability – The Blackstone Group is All In

Sustainability Update

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? . For information on The Blackstone Group’s sustainability journey: [link] org/. TOP STORIES.

article thumbnail

Exxon Exits: After the Storm

Chris Hall

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.