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.

Decarbonize 348

Decarbonize Divestment Development Climate Change 348

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

Corporate Knights

JULY 4, 2024

That year, Axa became the first major insurer to divest from coal. Peter Bosshard, Insure our Future Sixth on the list of the world’s biggest fossil fuel underwriters is Canadian insurer Fairfax Financial, estimated to have earned US$600 million from oil and gas companies in 2022.

Climate Change 227

Climate Change Divestment Development 227

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. Click here to access the AXA IM stewardship report.

Divestment 98

Divestment Climate Change Development 98

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

Chris Hall

MAY 19, 2022

To divest or not to divest? Another is establishing the liquidity levels of those investments which enable rapid divestment. Many began the divestment process because of evidence of systematic human rights abuses and corruption led from the very top. However, allocators’ work does not end there. billion (£2.3

Divestment 52

Divestment Supply Chain Supply Chains Banking 52

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.

Divestment 52

Divestment Net Zero Climate Change 52

Chris Hall

MAY 27, 2022

Achieved through marginal changes in portfolio allocations and the opportunistic divestment of just a few stocks, such reductions can be used to present an unjustifiably favourable image of the environmental credentials of a portfolio. Sources: Sustainalytics, S&P Global Trucost, Bloomberg, Fulcrum Asset Management, as at March 2022.

Divestment 52

Divestment Net Zero Climate Change 52

3BL Media

AUGUST 9, 2024

In more recent years, there has been significant interest in the experience and commitment to the environment of US entrepreneur Yvon Chouinard (1934), who, after contributing profoundly to the evolution of ice climbing equipment and founding and leading the sportswear company Patagonia (1973), in September 2022 announced his intention to divest it (..)

Divestment 147

Divestment Climate Change Social Sustainability Development 147

3BL Media

MARCH 10, 2022

DESCRIPTION: LEVERKUSEN, Germany, March 10, 2022 /3BL Media/ – Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of 2.6 Bayer had announced its decision to divest the business in February 2021. billion U.S. dollars (2.4

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Divestment Development Digitalization 130

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.

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Digital Transformation Digitalization Divestment Climate Change 130

3BL Media

JULY 12, 2024

In 2022, we set out to explore ESG sentiments among dealmakers across the Europe, Middle East and Africa (EMA) region. On data quality, we see a great opportunity for sellers and sell-side advisors to drive value from divestments by commissioning higher-quality ESG vendor documentation.

Divestment 147

Divestment Supply Chain Supply Chains Decarbonize 147

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

ESG Today

FEBRUARY 16, 2024

The announcement marks a further strengthening of AXA IM’s ESG expectations for companies, following the introduction by the firm in 2022 of a voting policy aimed at urging portfolio companies to consider environmental and social issues, including setting a timeline to divest from climate laggards that fail to make sufficient progress, and requirements (..)

Paris Agreement 113

Paris Agreement Divestment Net Zero 113

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. trillion in assets under management as of January 31, 2022. It potentially exacerbates it. About Brandywine Global.

Net Zero 246

Net Zero Climate Change Divestment COP26 246

Chris Hall

MAY 22, 2024

This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. In 2022, the oil and gas industry invested just 2.5% billion), down from 14% in 2022. Last year, Shell invested US$5.6

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

3BL Media

OCTOBER 5, 2022

DESCRIPTION: LEVERKUSEN, Germany, October 5, 2022 /3BL Media/ - Bayer has completed the sale of its Environmental Science Professional business to the international private equity firm Cinven, after the two companies had entered into a corresponding agreement in March. “At SOURCE: Bayer. About Envu.

Divestment 130

Divestment Digitalization Development 130

3BL Media

JULY 7, 2024

When the KPMG ESG Due Diligence study was first launched in 2022, there was clear evidence that deal practitioners were facing practical challenges tackling ESG, despite clear evidence of the rising importance of ESG due diligence. Solutions are emerging for greater scope clarity.

Divestment 147

Divestment 147

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

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

Chris Hall

MAY 17, 2023

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”. Mirza Baig, Global Head of ESG Research and Stewardship at Aviva Investor, described divestment as the “ultimate sanction”. Wihlborn said.

Divestment 52

Divestment Net Zero Sustainable Investment 52

Chris Hall

FEBRUARY 12, 2024

Move follows decision by Dutch pension fund PFZW to divest from nearly all of its fossil fuel holdings. PGGM has announced it would shift its engagement focus from the supply to the demand-side of the energy sector, following a decision from its largest client PFZW to divest from most of its fossil fuel holdings.

Divestment 59

Divestment Paris Agreement 59

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. He won the 2022 Ivey-ARCS PhD Academy Best Paper Award for this research.

Divestment 98

Divestment Climate Change Banking 98

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 Chain 130

Chris Hall

JANUARY 26, 2022

2022 will see stronger focus on biodiversity as investors show “teeth” to laggards. Multiple asset managers’ letters to stakeholders announcing their 2022 intentions, including Aviva Investors and BMO Global Asset Management, said that they were now looking beyond climate. Playing hardball on S and G.

Divestment 52

Divestment Net Zero COP26 Climate Change 52

3BL Media

FEBRUARY 28, 2022

28, 2022 /3BL Media/ PSEG today announced its vision and mission to continue to tackle the 21st century challenges of extreme and damaging weather, protecting the environment and taking action toward a clean, electrified and sustainable economy where all people thrive – Powering Progress. SOURCE: Public Service Enterprise Group (PSEG).

Divestment 130

Divestment Net Zero Waste Development 130

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. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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Divestment Net Zero Sustainable Investment Climate Change 312

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

APRIL 5, 2024

Behar said that university endowments use its proxy advice as part of engagement with students who wanted divestment from fossil fuels. In 1978, the CEO-to-typical-worker pay ratio was 31:1 for major US firms, and by 2022 it had increased to 334:1. Sometimes it’s hard to adjust your portfolio rapidly,” he said. “So,

Divestment 75

Divestment 75

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”. This includes engaging with the local communities to address past and present oil spills before exiting the region.

Divestment 75

Divestment Banking 75

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

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

OCTOBER 5, 2022

The outcome of the consultation, which closed for comment in early January 2022, has been pushed back to this autumn. . Sadan also advised that in order to affect change on firms’ ESG practices, investors need to engage over the long term rather than divest investment. ESG really is about good business practice. It is about long term.

Divestment 52

Divestment Greenwashing Sustainable Investment Green Investing 52

3BL Media

SEPTEMBER 16, 2022

Gwenaelle is Chief Strategy & Sustainability Officer of Schneider Electric and has been a member of the Executive Committee since April 1, 2022. Gwenaelle leads the development of Corporate Strategy, Mergers & Acquisitions and Divestment activities, Sustainability, and Customer Satisfaction & Quality. .

Decarbonize 130

Decarbonize Divestment Net Zero Supply Chain 130

Chris Hall

MAY 12, 2022

New report released amid climate votes at AGMs, finds overreliance on unproven technology and divestment risk. The Absolute Impact 2022 report analyses the credibility of 15 major oil and gas companies’ plans for emissions reductions, and the extent to which their efforts genuinely reduce global CO2 emissions levels.

Net Zero 52

Net Zero Divestment Carbon Offsets Zero Carbon 52

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.

Net Zero 69

Net Zero Global Economy Divestment Climate Change 69

3BL Media

NOVEMBER 22, 2022

DESCRIPTION: MONHEIM, Germany and BOSTON, November 7, 2022 /3BL Media/ - Bayer announced that the company has closed the previously announced transaction with Ginkgo Bioworks to begin a multi-year strategic partnership to accelerate research and development of biological products for agriculture.

Development 130

Development Divestment Manufacturing 130