Corporate Knights

JANUARY 18, 2022

Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP. It would advance action along three pillars.

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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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Chris Hall

MARCH 19, 2024

million people engaged in forced labour globally on any given day in 2021 – 2.7 In 2021, the US also introduced the Uyghur Forced Labor Prevention Act to prevent importation of goods manufactured wholly or in part through forced labour in the People’s Republic of China – particularly in the Xinjiang Uyghur Autonomous Region.

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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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Chris Hall

MARCH 19, 2024

million people engaged in forced labour globally on any given day in 2021 – 2.7 In 2021, the US also introduced the Uyghur Forced Labor Prevention Act to prevent importation goods manufactured wholly or in part through forced labour in the People’s Republic of China – particularly in the Xinjiang Uyghur Autonomous Region.

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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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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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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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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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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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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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GreenBiz

MARCH 4, 2021

Thu, 03/04/2021 - 02:11. Both S&P Global Ratings and Bloomberg rank biodiversity among the top ESG themes for 2021, the latter naming Fidelity International and AXA Investment Managers as examples of firms that have made it a priority. . Why investors are putting biodiversity on the balance sheet. Subscribe here. 4 risk by impact.

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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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GreenBiz

FEBRUARY 9, 2021

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.

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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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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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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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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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Chris Hall

FEBRUARY 15, 2023

At the end of 2021, 27% of funds in Europe had been repurposed to integrate ESG factors. With significant divestment from the traditional energy sector, the fund’s holdings are now mostly concentrated in utilities and industrials sectors that provide alternative energy solutions and services.

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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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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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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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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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Chris Hall

JANUARY 12, 2024

First, there may be divestment by a significant number of investors, which decide they no longer want to take the environmental risk on an individual company. Alternatively, investors may start to anticipate future divestment, which could impact the price. Portfolio decarbonisation is feasible without losing diversification benefits.

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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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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.

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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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Corporate Knights

OCTOBER 25, 2024

As of 2021, the collective assets under management represented by all PRI signatories – a group committed to incorporating environmental, social and governance (ESG) factors into their investment decisions – was more than US$121 trillion. We buy and sell companies all the time for a variety of reasons, quite frankly.”

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Chris Hall

AUGUST 8, 2024

Divest or wind down? Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030. The company said it would continue the “responsible decline of its thermal coal operations over time”.

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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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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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Chris Hall

FEBRUARY 22, 2024

In 2023, its asset manager, Norges Bank Investment Management (NBIM), divested from one company due to “elevated risk of aggressive tax planning”. “The world is on the verge of an explosion of corporate tax transparency,” said Monaghan at the Fair Tax Foundation.

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Chris Hall

JANUARY 30, 2024

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

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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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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.

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Chris Hall

SEPTEMBER 27, 2024

False dawn Things started to change in 2021. We pursue a strategy of engagement rather than divestment. Rise and fall Fast forward to September 2021. But this understanding lacked focus. It was largely driven by formalities, and for many investment managers was probably viewed as just another box-ticking exercise.

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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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