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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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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Corporate Knights

JANUARY 24, 2023

In 2021, one of the costliest years on record in the U.S., Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects. In 2015, France’s AXA became the first insurance company to start divesting from coal. In the U.S.,

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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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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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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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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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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 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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Corporate Knights

JULY 11, 2023

The Church of England has announced it will divest from Shell, finally acknowledging the failure of more than a decade of investor efforts to convince the oil and gas sector to align with global climate goals. The respected investor is now divesting from all fossil fuels by the end of 2023 and will no longer try to engage with oil and gas.

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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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Corporate Knights

FEBRUARY 16, 2022

On average, 58% of revenues earned by Clean200 companies are classified as clean, which is up from 39% in 2021 and significantly above the 20% average clean revenue for their MSCI ACWI peers. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Source: CK) 1. Source: CK) 1. Source: CK, AYS) 10.

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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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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

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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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

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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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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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 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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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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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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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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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.

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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. CPPI Investments introduced a climate change voting policy in March 2021.

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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

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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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

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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GreenBiz

MAY 17, 2021

The 2021 GreenBiz 30 Under 30. Mon, 05/17/2021 - 00:01. Our honorees for 2021 are intrepid startup founders, tenacious corporate innovators and determined public servants. Finding herself the only Black person in the student divestment group, everything clicked. "I GreenBiz Editors. Planet-healing fast food.

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Chris Hall

JANUARY 20, 2023

In Q4 2021, around 30 Canadian institutional investors formed Climate Engagement Canada, an initiative leveraging the practices of Climate Action 100+, but focused on enhancing investor dialogue on climate transition with Canadian firms.

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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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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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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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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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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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