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Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

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.

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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

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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The biggest carbon losers

Corporate Knights

As a group, over the course of the past decade (2012 to 2021) these 20 companies slashed their net GHG emissions (Scope 1 and 2) by 43%, from 862 million tonnes to 489 million tonnes. During this period, it bet the farm on renewables (wind and solar) and grid modernization, building some 70 renewable power plants in 2021 alone.

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Four key lessons from the world’s top responsible investors

Corporate Knights

Since its launch in 2006, a significant portion of the global investment industry has signed on to the United Nations–backed Principles for Responsible Investment (PRI). Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community.

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A tidal wave of new carbon emissions data soon will be upon us

GreenBiz

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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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).

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Report: Meet the top 200 companies investing in a clean energy future

Corporate Knights

Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainable investments have now reached $4 trillion. Cement carbon laggards Companies in the cement industry that were divested by NBIM.

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