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.

Divestment 162

Divestment Academics Analytics Development 162

Chris Hall

MARCH 4, 2022

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

Divestment 52

Divestment Supply Chain Supply Chains Value Creation 52

3BL Media

FEBRUARY 22, 2022

DESCRIPTION: RUEIL-MALMAISON, France, February 22, 2022 /3BL Media/ - Schneider Electric , the leader in the digital transformation of energy management and automation, has appointed Gwenaelle Avice-Huet as its new Chief Strategy and Sustainability Officer, starting from 1 April 2022. SOURCE: Schneider Electric. as a consultant.

Digital Transformation 130

Digital Transformation Digitalization Divestment Climate Change 130

Chris Hall

FEBRUARY 22, 2024

The pension fund had previously engaged with Amazon on the issue as part of a 12-strong coalition of Danish pension funds formed in 2022, and representing approximately DKK5 trillion (US$724.2 AkademikerPension recently divested from all fossil fuel companies in its portfolio. billion) in AUM.

Divestment 81

Divestment Value Creation Net Zero Banking 81

3BL Media

JANUARY 11, 2023

China’s oil demand declined in 2022 for the first time this century as the nation jumped from one lockdown to the next. In 2022, consumption of oil in the industrial sector boomed as gas prices spiked, and with economics for oil burn favorable in 2023 despite declining spot LNG prices, demand looks set to remain strong.

Supply Chains 130

Supply Chains Supply Chain Paris Agreement Divestment 130

ESG Today

DECEMBER 7, 2022

Launched in December 2020 with a group of 30 asset managers representing approximately $9 trillion of assets under management (AUM), the coalition has grown rapidly, reaching nearly 300 firms with $66 trillion in AUM, as of November 2022.

Net Zero 128

Net Zero Divestment Decarbonize Banking 128

Chris Hall

OCTOBER 31, 2022

Hosted by Regulation Asia & ESG Investor on 5 October 2022 online. Immediately divesting from companies with a poor ESG-related track record isn’t always the answer to ensuring a just transition. Måns Carlsson OAM, Head of ESG, Ausbil Investment Management Limited.

Divestment 52

Divestment CDP Sustainable Investment Banking 52

B the Change

APRIL 3, 2023

When environmental regulations, such as the NAAQS, come into effect, investors know it means their companies will take a hit — so, they divest. I found no difference in divestment behaviour between ESG mutual funds and more traditional funds. Inflation Reduction Act (IRA) provides $27 billion for creating “green banks” nationwide.

Divestment 98

Divestment Climate Change Banking 98

Chris Hall

APRIL 1, 2022

US pension fund’s 2022 voting strategy will hold board members accountable. . The California State Teachers’ Retirement System (CalSTRS) educator-only pension fund will oppose corporate directors moving too slowly to achieve board diversity or significantly address climate change, according to its 2022 voting strategy. .

Divestment 52

Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

MARCH 19, 2024

Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By Its Renewables 2023 report also pointed out that China commissioned as much solar PV capacity as the entire world in 2022. million) for a 49% stake in a 1.3-gigawatt

Supply Chain 69

Supply Chain Supply Chains Divestment Manufacturing 69

Chris Hall

FEBRUARY 16, 2023

billion pension pool has set climate targets for fossil fuel majors and banks and will vote against board chairs if they are not met, with divestment viewed as a last resort. This includes banks that have not sufficiently integrated targets, decarbonisation strategy, or climate policy engagement into business strategy.

Divestment 52

Divestment Banking Climate Change Net Zero 52

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. Investments from the community can be made in a way that benefits everybody.

Divestment 130

Divestment Development Climate Change Supply Chains 130

Chris Hall

MARCH 19, 2024

Divestment has typically been used as a last resort by investors, as remaining invested in green energy is often critical to them. “By By divesting from or choosing not to invest in solar energy, we do not address the underlying issues – we avoid them,” Raphaela Schmid, Head of ESG and Sustainability at SUSI Partners, told ESG Investor.

Supply Chain 59

Supply Chain Supply Chains Divestment Manufacturing 59

3BL Media

SEPTEMBER 29, 2023

In 2022, GFANZ identified four strategies necessary for financing a whole economy transition to net zero, which collectively comprise “Transition Finance.” These are defined as financing or enabling: The development and scaling of climate solutions; Assets or companies already aligned to a 1.5

Net Zero 113

Net Zero Decarbonize Divestment Global Economy 113

Chris Hall

OCTOBER 18, 2023

million tonnes of carbon dioxide equivalent (tCO2e) in 2022, from 221.2 In 2021 and 2022, the proportion of members with intermediate targets on engagement was 93% and 95%, respectively, with the number of members setting sub-portfolio targets rising from 41 in 2022 to 67 in 2023. trillion in AUM.

Net Zero 69

Net Zero Global Economy Divestment Climate Change 69

Chris Hall

JANUARY 12, 2024

The engagement programme thus far has been “constructive”, NBIM’s board claimed in December, adding that the companies have “expressed an ambition to divest the relevant assets in the Niger Delta”. trillion in assets, published the latest exclusion decisions for its Government Pension Fund Global in December.

Divestment 75

Divestment Banking 75

Chris Hall

MARCH 27, 2024

billion), down from 14% in 2022. In addition, a collective of UK-based asset owners convened a roundtable to address growing concerns surrounding asset manager voting activities within the oil and gas sector, with bespoke research conducted by Andreas Hoepner, Professor of Operational Risk, Banking and Finance at University College Dublin.

Paris Agreement 133

Paris Agreement Climate Change Divestment Banking 133

Chris Hall

JUNE 26, 2023

In 2022, Danish pension funds Sampension, PenSam and PKA came together on the engagement. But this is a way to put pressure on Amazon that you also see in resolutions at their annual general meetings (AGMs).” Earlier this year, Danish pension fund PBU divested Amazon over issues with labour rights after five years of engagement.

Divestment 52

Divestment Banking Development 52

Chris Hall

NOVEMBER 4, 2022

oriented assets to exceed US$41 trillion by 2022 and $50 trillion by 2025 — representing one?third 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.

Divestment 52

Divestment Paris Agreement Sustainable Investment Climate Change 52

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.

Divestment 78

Divestment Banking Development 78

Chris Hall

OCTOBER 7, 2022

Ahead of next week’s IMF and World Bank annual meetings, ex-White House advisor Lawrence Summers called for a “reinvented” World Bank that would prioritise sustainability, supporting global public goods such as climate adaptation , partly via expanded partnership with the private sector. Will their auditors be next to blow the whistle?

Negative Screening 52

Negative Screening Divestment Supply Chain Supply Chains 52

Chris Hall

SEPTEMBER 7, 2023

billion in 2022, a 46.5% “Investors prioritising sustainability need to consider their positioning in companies like Aramco , which is very bullish on future oil demands,” said Coffin. Aramco announced record-breaking profits of US$161.1 increase on the year before, in the wake of the energy crisis prompted by Russia’s invasion of Ukraine.

Net Zero 80

Net Zero Carbon Offsets Paris Agreement Divestment 80

Chris Hall

MARCH 25, 2022

It’s long been apparent that the asset management arms of financial institutions are, relatively speaking, greater supporters of action against climate change than colleagues in banking or capital markets, partly due to the differing time horizons of their respective client bases, i.e. pension fund trustees and CEOs.

Banking 52

Banking Divestment Climate Change Net Zero 52

Chris Hall

MAY 5, 2023

of total assets under management (AuM) for State Street by the end of 2022, the report noted, as well as 2% at Capital Group, 1.7% in 2022, with the market value of those shares growing from US$72 billion to US$116 billion. Shares in the 15 oil and gas companies made up 2.3% at Northern Trust and 1.3% at BlackRock.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

JUNE 13, 2024

Skidmore’s review was part of these efforts, following a previous High Court ruling in July 2022. It’s not going to be a problem for banks and large corporates to commit to net zero, but SMEs will need support to deliver on their promises.” Importantly, the government accepted 100 of the 129 recommendations set out in the report.

Net Zero 89

Net Zero Divestment Supply Chains Supply Chain 89

Chris Hall

SEPTEMBER 6, 2024

percentage points from 2019 to 2022, and has remained flat since. One of these – already firmly on the agenda at the UN summit and elsewhere – was the alleviation of poverty through reform of multilateral development banks , partly to boost their catalytic relationship with private investment.

Divestment 80

Divestment Net Zero Climate Change Banking 80

Chris Hall

MAY 3, 2022

NGO Reclaim Finance’s 2022 climate Scorecard says asset managers’ engagement policies “fail to send clear signals to fossil fuel companies”. Reclaim Finance notes a “growing trend” within the investor community to condemn exclusion and divestment from heavy emitters as both “unrealistic and ineffective” tools to decarbonise the economy.

Net Zero 52

Net Zero Divestment Greenwashing COP26 52

Chris Hall

SEPTEMBER 6, 2024

million hours in 2022. The report found the number of serious pollution incidents increased from 44 in 2022 to 47 in 2023, with over 90% caused by four companies: Anglian Water, Southern Water, Thames Water and Yorkshire Water. But all that changed when the Bank of England began raising interest rates in late 2021. “It

Climate Change 83

Climate Change Divestment Banking Development 83

Chris Hall

APRIL 19, 2024

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle.

Net Zero 81

Net Zero Paris Agreement Climate Change Banking 81

Chris Hall

SEPTEMBER 21, 2022

Norges Bank Investment Management (NBIM), which manages Norway’s US$1.2 trillion sovereign wealth fund, has published its 2022-2025 climate action plan. NBIM’s 2020-2022 strategy outlined the asset owner’s intention to vote against corporate boards with fewer than two women. .

Net Zero 52

Net Zero Climate Change Carbon Offsets Divestment 52

Chris Hall

JULY 14, 2023

In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2

Net Zero 52

Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

APRIL 29, 2022

An emphasis on new tools and new approaches was evident on the first day of City Week 2022, held at London’s Guildhall, dedicated to climate and ESG themes. To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions.

Net Zero 52

Net Zero Divestment Sustainable Investment Banking 52

Chris Hall

OCTOBER 4, 2024

However, only about US$150 billion has been earmarked on the balance sheets of sovereigns or multilateral banks to address this issue – resulting in a US$850 billion annual financing gap. In 2022, only 2% of impact funds were focused on EMs, representing just 0.1% of global assets under management.

Development 89

Development Divestment Net Zero Greenwashing 89

Steven Mintz

MARCH 8, 2022

For starters, you can conduct research on what type of investments your bank holds. Many of the largest banks are major investors in the fossil fuel industry. In addition to divesting from unethical stocks, you can make investments in companies that make a positive change in a practice called  impact investing. Environment,

Corporate Social Responsibility 52

Corporate Social Responsibility Supply Chains Supply Chain Impact Investing 52

Chris Hall

FEBRUARY 14, 2023

New research from Majority Action found high levels of divergence between CA100+ members during the 2022 US AGM season regarding board director elections. In a report Reclaim Finance notes that a tightening of the Race to Zero criteria “led to a pushback from some GFANZ members, and especially the big US banks ”.

Net Zero 52

Net Zero Paris Agreement Climate Change Banking 52

Jon Hale

DECEMBER 2, 2022

To do this I looked at the publicly available returns of the Florida Long Duration Portfolio as of March 2022, the most-recent information on it I could find. Let’s take a quick look at BlackRock’s “ability to deliver” bottom-line returns to see if there is any rational basis for Patronis’ concerns.

Climate Change 52

Climate Change Sustainable Investment Divestment Banking 52

Chris Hall

MARCH 10, 2022

PLSA) digital ESG Conference 2022. Our approach is about better information and empowerment, not about divestment or directly penalising today’s high carbon emitters. Coffey said the UK government would bring forward legislation “shortly” to remove barriers currently preventing schemes from investing in illiquid assets.

Net Zero 52

Net Zero Paris Agreement Stewardship Code Climate Change 52