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For the leaders of the divestment movement, which encourages institutional investors to sell off their shares in fossil fuel companies, winning isn’t everything. But after a decade of determined lobbying, the divest side is suddenly doing a lot of winning. That tally, they noted, is bigger than the combined GDP of the U.S.
Tue, 02/09/2021 - 02:00. If successfully on stream by summer 2021 as its designers hope, the service should drive not only increased transparency but also increased accountability. Sustainable investments should grow as divestment from carbon-intensive industries intensifies. Ian Kearney.
DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. SOURCE: Franklin Templeton.
From companies looking to select cleaner manufacturing suppliers, to investors seeking to divest from polluting industries, to consumers making choices about which businesses to patronize, one thing is clear: a reliable way to measure where emissions are coming from is necessary," they wrote.
Pledge to divest over next two years follows mounting pressure from protesters. Pensioenfonds Zorg en Welzijn (PFZW) has announced it will stop investing in companies in the fossil fuel sector that do not commit to the Paris Agreement and ambitions outlined at COP26. Setting a 1.5°C
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. But the pension fund exceeded the original targets by 2021, and decided to up its ambition. “We
Aviva Investors expressly referred to divestment as a potential strategy to achieve these goals. But he said Blackrock would not pursue a divestment policy from fossil fuels, although the firm would allow clients to do so. Other leading managers were more circumspect in their 2022 outlines.
C increase over pre-industrial temperatures was hanging by a thread at the end of COP26, subsequent economic and geopolitical events appear to have dealt a blow to those ambitions – at least in the short term. The sense of optimism at COP26 turned out to be short lived. “We Beast from the east.
Anyone hoping for a repeat of the reverses suffered by big oil in the 2021 AGM season, inspired by the increasingly robust expectations issued by large money managers , have so far been disappointed. But are investors making the most effective use of the information at their disposal?
Today we maintain one of the cleanest electricity mixes in the nation (see 2021 Power Mix for SCE Customers). 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.
Australia adopted an economy-wide target of net zero emissions by 2050 in the run-up to COP26. The country says based on 2021 emissions projections it is on track to reduce emissions by up to 35% below 2005 levels by 2030. At COP26 in Glasgow, Australia refused to commit to phasing out coal. billion in 2021.
Covid-19 gave us a glimpse of how assets can be repriced in emissions-intensive sectors and the bounce back bounty in coal and oil and gas has been very unwelcome in fossil fuel divested funds, but none of it matters any more.
In the UK, the Competition & Markets Authority (CMA) gave detailed guidance in January 2021 to businesses and trade associations on the treatment of sustainability agreements under UK competition law. At a national level, Germany’s Federal Cartel Office is seen as treating green cooperative initiatives on a case-by-case basis.
You cannot be faulted for failing to notice the long list of environmental wins that occurred in 2021. As 2021 drew to a close s 35-year-old leftist and former student leader Gabriel Boric, defeated his right-wing opponent to become president of Chile. Despite unnerving headlines, democracy is far from dead.
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