Corporate Knights

JULY 4, 2024

That year, Axa became the first major insurer to divest from coal. Founded by Toronto billionaire Prem Watsa, Fairfax acknowledges climate change as an ongoing business risk – but its 2023 annual report notes that property reinsurers “enjoyed another year of meaningful rate increases.”

Climate Change 226

Climate Change Divestment Development 226

Corporate Knights

JANUARY 16, 2024

The savings, Mikkelsen says, “are enormous” and added up to a savings of 13 million tonnes of carbon dioxide in 2023 alone – equivalent to removing almost three million gas-powered cars from the road for a year. The company generated US$8 billion in revenues in 2023 but saw its profits plunge by 72.9%.

Net Zero 313

Net Zero Divestment Decarbonize Waste 313

ESG Today

SEPTEMBER 22, 2022

HSBC Asset Management unveiled a new policy today to phase out its investments in coal-fired power and thermal coal mining, with plans to ramp engagement with companies on transitioning away from thermal coal, and to divest from companies over time with inadequate transition plans. C objectives or clear divestment pathways.

Divestment 144

Divestment Net Zero Paris Agreement 144

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.

Net Zero 201

Net Zero Divestment Paris Agreement Decarbonize 201

Corporate Knights

JANUARY 26, 2023

degrees is the speed at which we invest, not divest. If we went a step further than putting a stop to ripping out our forests and mangroves and started to restore them, we could get almost 40% of the way to our Paris Agreement goals by 2030.

Paris Agreement 339

Paris Agreement Banking Divestment Net Zero 339

ESG Today

OCTOBER 23, 2024

The proposal follows decisions by the pension funds to divest from fossil fuel reserve owners in their public equities portfolio in 2018, and to exclude upstream fossil fuel investments, including exploration and extraction, in their private markets investments in 2023.

Divestment 109

Divestment Global Economy Climate Change Development 109

3BL Media

JULY 12, 2024

A follow-up study in the US in 2023 found similar developments, albeit slight less pronounced than in the EMEA 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. ESG in deal is rapidly maturing.

Divestment 147

Divestment Supply Chain Supply Chains Decarbonize 147

Corporate Knights

FEBRUARY 20, 2025

trillion in sustainable revenue in 2023 (the most recent year for which full-year results are available). In 2016, we created the Clean200 in response to investors saying, If we divest fossil fuels, there is nothing to invest in, says Andrew Behar, CEO of As You Sow and co-author of the Carbon Clean 200 report that accompanies the ranking.

Global Economy 283

Global Economy Manufacturing Divestment Negative Screening 283

3BL Media

AUGUST 20, 2024

Oil and gas companies were not considered, in an effort in line with the recent COP29 of the United Nations Climate Secretariat (UNFCCC) to encourage fast divestment from fossil fuels and resource-heavy industries. Company headquarters must be based within the USA or Canada.

Chief Sustainability Officer 147

Chief Sustainability Officer Divestment Regenerative Development 147

ESG Today

FEBRUARY 16, 2024

AXA IM also announced a commitment to begin disclosing the rationale for all votes against ESG-related shareholder proposals, noting that in 2023 it supported 68% of all such resolutions.

Paris Agreement 113

Paris Agreement Divestment Net Zero 113

3BL Media

FEBRUARY 18, 2022

While final figures are not yet available, the OECD reported that developed countries are expected to miss the mark in 2020, and the goal will likely not be reached until 2023. In 2009, developed countries pledged to mobilize $100 billion annually by 2020 to help developing nations adapt to climate change. It potentially exacerbates it.

Net Zero 246

Net Zero Climate Change Divestment COP26 246

Energy Central

MARCH 27, 2023

Shell’s divestments in Nigeria help the company meet its green goals. TWP by Rachel Chason, March 27, 2023 NEMBE, Nigeria — When Lambert Ogbari learned that the oil giant Shell was selling its local operations to a Nigerian firm, he said he felt hopeful his living conditions would finally improve.

Divestment 59

Divestment 59

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.

Divestment 72

Divestment Net Zero Global Economy Sustainable Investment 72

Chris Hall

JANUARY 23, 2024

While some investors have chosen to draw a line in the sand and divest from fossil fuels, both van Baal and Lindmeier continue to see the value in remaining invested and engaged. “Selling your shares will have no influence over the oil and gas company,” said van Baal. Hold or fold? Nest also views climate change as a systemic risk.

Divestment 72

Divestment Paris Agreement Net Zero Climate Change 72

ESG Today

NOVEMBER 16, 2023

For the report, PwC’s Global Investor Survey 2023, PwC surveyed 345 investors and analysts across 30 countries and territories, with 65% of respondents at organizations with total AUM of more than $1 billion.

Greenwashing 125

Greenwashing Divestment Sustainable Investment Climate Change 125

3BL Media

JULY 7, 2024

In this year’s global report, 70 percent dealmakers report an increase in the importance of ESG due diligence over the last 12 to 18 months, while 4 out of 5 say broader ESG considerations are now firmly on their M&A agenda – up from 74 percent in 2023. Solutions are emerging for greater scope clarity.

Divestment 147

Divestment 147

ESG Today

APRIL 10, 2023

The report says that AXA IM “expects investors to continue mobilising around the issue of biodiversity” in 2023. As a responsible asset manager, we see stewardship as a vital mechanism to power a just and green transition, with climate change, biodiversity and mitigating social risks centre stage of our activity in 2022.”

Divestment 98

Divestment Climate Change Development 98

Chris Hall

MAY 10, 2024

Divestment option Despite the headway being made with engagement, many large asset owners still opt for other solutions. An example was the Church of England Pensions Board’s announcement in June 2023 that it planned to divest from oil and gas companies. Divestment has been a recurring theme across Crossman’s two-decade career.

Stewardship Code 85

Stewardship Code Divestment Net Zero Development 85

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 Chains 69

Supply Chains Supply Chain Divestment Manufacturing 69

3BL Media

SEPTEMBER 29, 2023

South Pole can help you navigate the existing framework as well as the new net zero guidance (FINZ) which will replace it in Q4 2023. They can also divest from high-emitting industries such as thermal coal production. When developing an investment decarbonisation approach aligned with +1.5°C

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

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

3BL Media

SEPTEMBER 29, 2023

Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.

Net Zero 113

Net Zero Decarbonize Divestment Global Economy 113

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.

Divestment 52

Divestment Paris Agreement UNEP Net Zero 52

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

Divestment 59

Divestment Paris Agreement Climate Change Net Zero 59

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 Chains 59

Supply Chains Supply Chain Divestment Manufacturing 59

ESG Today

JANUARY 23, 2023

For the report, Real Asset Study 2023, Aviva Investors polled 500 institutional investors, including pension funds, insurers, global financial institutions and official institutions, across Europe, North America and Asia, representing combined assets under management of $3.5 trillion, in a survey conducted by CoreData Research.

Divestment 98

Divestment Net Zero Greenwashing Sustainable Investment 98

Chris Hall

MARCH 27, 2024

In its new strategy, the company claims it will invest US$10-US$15 billion between 2023-2025 in low-carbon energy solutions, such as electric vehicle charging, biofuels, renewable power, and carbon capture and storage. Last year, it invested US$5.6 billion in low-carbon solutions – 23% of its total capital spending.

Paris Agreement 133

Paris Agreement Climate Change Divestment Banking 133

Chris Hall

MAY 3, 2023

Over the past 18 months, PFZW divested 192 oil and gas companies that did not show a sufficient willingness to transition towards an energy company aligned with the goals of the Paris Climate Agreement. The companies that fail to do so will be divested. pathway.

Divestment 52

Divestment 52

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. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

Divestment 81

Divestment Net Zero Climate Change COP26 81

Chris Hall

OCTOBER 18, 2023

billion invested by Alliance members in 2023, primarily directed towards the building and energy sectors. 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

Chris Hall

JANUARY 25, 2024

IEA’s Renewables 2023 report highlighted that China commissioned as much solar PV capacity as the entire world did in 2022. Many investors also stated that it was critical for them to remain invested in green energy industries, and that divestment was typically used as a last resort.

Supply Chains 64

Supply Chains Supply Chain Divestment Climate Change 64

Chris Hall

JANUARY 5, 2024

Agora Energiewende calculated that coal dropped from 34% to 25% of German electricity generation last year, with renewables rising above 50% for the first time, but the think tank warned that only 15% of 2023’s emissions reductions could be regarded as permanent. and 6% rises respectively over levels reported in March 2023.

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Divestment Development Digitalization Manufacturing 75

Chris Hall

OCTOBER 5, 2022

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. Divestment may not necessarily lead to real world emissions reductions, even though it allows investors to claim rapid portfolio decarbonisation. It is about long term.

Divestment 52

Divestment Greenwashing Sustainable Investment Green Investing 52

Chris Hall

MAY 16, 2024

Ninety-one of them were recorded in 2023 alone. “The world’s most vulnerable populations face the greatest risk from climate breakdown, but also the greatest risks from companies extracting transition minerals,” Caroline Avan, Head of Natural Resources and Just Transition at the BHRRC, told ESG Investor.

Paris Agreement 84

Paris Agreement Divestment Development 84

Chris Hall

JUNE 13, 2024

His resignation was even more impactful given he is the author of the government-commissioned review, ‘ Mission Zero – Independent review of net zero’ , published in January 2023 and looking at how the UK could deliver on its climate targets in a manner is more affordable, and pro-business.

Net Zero 89

Net Zero Divestment Supply Chain Supply Chains 89

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

MAY 3, 2024

A finding of “no forced labour” after a 2023 audit commissioned by Volkswagen for its Urumchi plant in the capital of Xinjiang unleashed a firestorm from human rights groups demonstrating the perils for brands relying on social auditing in these contexts.

Supply Chains 92

Supply Chains Supply Chain Divestment Development 92