3BL Media

DECEMBER 20, 2023

They reveal that between mid-2021 and late 2022, investors expected the 10-year return on ESG investments to underperform the market by 1.4% The authors view divestment as a form of voice, with disinvestment pledges resonating with boards, customers, employees, and stakeholders, especially via social media.

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Divestment Academics Analytics Development 162

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

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Divestment Net Zero Climate Change Banking 52

Chris Hall

MARCH 4, 2022

2021 Responsible Investment report highlights focus on human rights abuses, corruption, aggressive tax planning. . More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. of the shareholder meetings that took place in 2021.

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Divestment Supply Chain Supply Chains Value Creation 52

Corporate Knights

MAY 9, 2024

OMERS is shifting its portfolio allocation as it seems to realize the fossil fuel industry faces terminal decline: energy (oil and gas) dropped to 2% of OMERS’s assets under management as of December 31, 2023, down from 3% in 2022 and 4% in 2021. But let’s not discount the work that’s still ahead.

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Decarbonize Divestment Development Climate Change 348

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

MARCH 10, 2022

This divestment represents a very attractive purchase price and allows us to focus on our core agricultural business and the successful implementation of our Crop Science Division growth strategy,” said Rodrigo Santos, Member of the Board of Management of Bayer AG and President of the Crop Science Division. billion U.S. dollars (2.4

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3BL Media

FEBRUARY 22, 2022

Gwenaelle joined Schneider Electric in 2021 as Senior-Vice President of Corporate Strategy. As a member of the Executive Committee, Gwenaelle will preside over developing and deploying strategic, sustainability and quality & customer satisfaction initiatives, while steering all mergers, acquisitions and divestment activities globally.

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Digital Transformation Digitalization Divestment Climate Change 130

3BL Media

FEBRUARY 18, 2022

When a responsible investor sells – or divests – from companies that are low-performing on ESG metrics, this provides an opportunity for an indiscriminate investor to buy the security in their place. manages $67 billion in assets under management as of December 31, 2021, with headquarters in Philadelphia and offices in Singapore and London.

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Net Zero Climate Change Divestment COP26 246

3BL Media

OCTOBER 5, 2022

The purchase price for the business, which generated sales of approximately 600 million euros in 2021, amounts to 2.6 The divested business is set to operate as an independent company called Envu. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 billion U.S. dollars (2.6 billion euros). “We

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Divestment Digitalization Development 130

ESG Today

NOVEMBER 16, 2023

The report noted, however, that these levels were below those of a prior 2021 survey, despite the fact that fewer investors disagreed with these statements, with more investors instead being “neutral” on these issues.

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Greenwashing Divestment Sustainable Investment Climate Change 125

Chris Hall

JUNE 27, 2024

Asset managers also argue that divestment does not work, and that they lose influence when they exit fossil fuel companies. Asset managers should divest from fossil fuel companies that are proving resistant to influence and concentrate their finite engagement resources on those which can plausibly be influenced,” the paper noted.

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Divestment Net Zero Global Economy Sustainable Investment 72

3BL Media

FEBRUARY 28, 2022

PSEG recently completed its Strategic Alternatives process , divesting 6,750 megawatts of fossil generation to enhance its focus on infrastructure and clean energy investments and drive regulated utility growth. PSEG is an infrastructure company focused on a clean energy future, powered by a diverse, dedicated and highly skilled workforce.

Divestment 130

Divestment Net Zero Waste Development 130

Chris Hall

FEBRUARY 4, 2022

In 2021 LAPFF engaged with 171 companies, many of those major international organisations that make up the indexes to which the funds are exposed in their passive equity strategies. Disputing divestment. We cannot just divest from fossil fuels; we need a fair and just transition to the net zero economy.”.

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Net Zero Divestment Supply Chains Supply Chain 98

Chris Hall

JANUARY 23, 2024

Shell is due to publish the first update to its 2021 energy transition plan this year, which will be brought to an advisory vote at its 2024 annual general meeting (AGM). “While we do understand the challenges around demand, we don’t agree that Shell has absolutely no control over this,” she noted. Hold or fold?

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Divestment Paris Agreement Net Zero Climate Change 72

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. . As of 31 May, 2021, CalSTRS manages US$306.7 If necessary, we will support a change in leadership to meet these standards.” .

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Divestment Net Zero Climate Change Sustainable Investment 52

3BL Media

AUGUST 3, 2022

per share, in the second quarter of 2021. per share in the second quarter of 2021. Income/(Loss) ($ millions) 2021. Diluted Earnings (Per Share) 2021. per share over second quarter 2021, reflecting the scheduled recovery of investments made under Gas System Modernization Program II and the true up from the CIP.

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GreenBiz

JULY 22, 2020

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.

Climate Change 409

Climate Change Manufacturing Divestment Development 409

Chris Hall

MAY 17, 2023

Launched in early 2021, the CEEP focused on 30 highly carbon-emitting firms in sectors considered by the firm to be significant global polluters. The final step of escalation is divestment, with Aviva Investors stating it is “committed to full divestment of targeted companies that fail to meet its climate expectations”.

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Divestment Net Zero Sustainable Investment 52

Chris Hall

JANUARY 20, 2023

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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Divestment Paris Agreement UNEP Net Zero 52

Chris Hall

MAY 31, 2024

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

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Divestment Net Zero Climate Change COP26 81

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. Looking ahead to 2021, Jack Henry & Associates needed to identify their key priorities and guiding principles.

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Divestment Development Climate Change Supply Chains 130

GreenBiz

JANUARY 25, 2021

How Wall Street can win on climate In 2021. Mon, 01/25/2021 - 01:00. At the start of 2021, leading investors openly recognize that climate change presents a massive systemic risk and a multi-trillion-dollar opportunity. Ben Ratner. Integrate climate into core business. Align proxy voting with climate goals. Contributors.

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Net Zero Divestment Decarbonize Banking 478

ESG Today

JULY 7, 2022

When the wind farm has been fully commissioned, Ørsted will divest the transmission assets to a new owner. In June 2021, Ørsted announced a target to grow its renewable energy capacity to 50 GW by 2030 and stated that it expects roughly 30 GW to come from offshore wind, 17.5 GW from onshore wind and solar PV and 2.5

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Supply Chains Supply Chain Divestment Development 94

ESG Today

DECEMBER 7, 2022

Vanguard joined NZAM in March 2021 , and, with over $7 trillion in assets, is among its largest signatories. Attorneys’ General in a letter to BlackRock , which sits on the GFANZ steering committee, was that the firm’s commitment to the initiative were not aligned with its fiduciary role.

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Net Zero Divestment Decarbonize Banking 128

Corporate Knights

JANUARY 27, 2023

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. In 2021, Corporate Knights found that 12 of Canada’s biggest pension funds had quietly unloaded fossil fuel stocks over the previous 10 years. It can be good for financial returns, too.

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ESG Today

APRIL 10, 2023

The asset manager’s increased engagement activity was outlined in its newly release Stewardship Report 2022, which indicated that AXA IM conducted 596 engagements with 480 entities during the year, up from 283 engagements with 245 entities in 2021.

Divestment 98

Divestment Climate Change Development 98

Chris Hall

MARCH 27, 2024

The oil and gas major’s Scope 3 commitments are muted but welcome, as expansion plans continue to prevail over sustainability targets. When Shell published its first energy transition strategy in 2021, investors and climate-focused NGOs alike were underwhelmed , with some even co-signing an open letter denouncing the plan.

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Paris Agreement Climate Change Divestment Banking 133

Chris Hall

FEBRUARY 16, 2022

Pledge to divest over next two years follows mounting pressure from protesters. PFZW has been under pressure from climate activists over recent months who have called for its divestment from fossil fuels. Setting a 1.5°C This followed a successful campaign targeting the country’s largest scheme, ABP.

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Divestment Paris Agreement COP26 Net Zero 52

3BL Media

SEPTEMBER 16, 2022

In 2021, we launched the Zero Carbon Project to help our top suppliers halve their CO2 emissions in less than five years. Gwenaelle leads the development of Corporate Strategy, Mergers & Acquisitions and Divestment activities, Sustainability, and Customer Satisfaction & Quality. . Take another example.

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Decarbonize Divestment Net Zero Supply Chains 130

Corporate Knights

AUGUST 9, 2022

The sale marks the third time in the last year that OMERS has divested a major fossil fuel asset. . Meanwhile, regulatory filings show that OMERS has reduced its holdings in publicly traded fossil fuel companies by 3 million shares, or about 17%, since June 30, 2021. . And OMERS might finally be listening. .

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Divestment Net Zero Decarbonize Global Economy 312

Chris Hall

JANUARY 26, 2022

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.

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Divestment Net Zero COP26 Climate Change 52

Chris Hall

OCTOBER 27, 2023

But when the largest players’ strategies are so wholly focused on dirty revenue maximisation – campaign Follow This called Chevron’s purchase of Hess a bet that Paris would fail – is there any justification for engagement over divestment? At the very least, investors should pursue a policy of engagement with consequences.

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Divestment Sustainable Investment Value Creation Academics 81

Chris Hall

NOVEMBER 4, 2022

oriented investment funds in 2021. [1] Other states have passed or introduced legislation designed to divest from industries like fossil fuels. ESG states has passed or introduced laws requiring divestment from companies that “boycott” the fossil fuel industry. 22, 2021), [link]. 1] And analysts expect global ESG?oriented

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Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

OCTOBER 18, 2023

mtCO2e in 2021. “Our work is supporting governments to implement their net zero programmes by accelerating the reform of existing financial and investment policy frameworks,” said Günther Thallinger, Board Member at German insurer and asset manager Allianz and Chair of the NZAOA. “As we head towards at least 2.4°C

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Net Zero Global Economy Divestment Climate Change 69

3BL Media

NOVEMBER 22, 2022

The transaction includes the divestment of Bayer’s West Sacramento Biologics Research & Development site, and its internal discovery and lead optimization platform. In fiscal 2021, the Group employed around 100,000 people and had sales of 44.1 The Bayer brand stands for trust, reliability and quality throughout the world.

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Development Divestment Manufacturing 130

3BL Media

AUGUST 1, 2022

billion in 2021. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of more than 24,000 people across 70?plants plants in 19?countries, countries, O-I achieved net sales of $6.4 Learn more about us: o-i.com /? Facebook / Twitter / Instagram / LinkedIn.

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Manufacturing Divestment Supply Chains Supply Chain 130

3BL Media

MAY 26, 2022

In its recent ESG Investor Survey , PwC found that 49% of investors globally would divest from companies that are not taking sufficient action on ESG issues, and 79% identified a firm’s management of ESG risks and opportunities as an important factor in investment decision-making.

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