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Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like strandedassets or reputational risks, and their contribution to making the Earth uninhabitable.
It will help investors get up to speed on the least-understood risk in the economy. “This strategy is designed for the real, system-wide adjustments that will make sure we’re not divesting, we’re investing in a climate resilient economy.” Further, only 9% have implemented a response to their physical risk exposure. “It
Divest or wind down? This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. In 2023, the coal division contributed over CA$5 billion (US$3.64 The company said it would continue the “responsible decline of its thermal coal operations over time”.
Against an uncertain policy backdrop, 2023 also witnessed growing tensions between asset owners and managers, notably in the UK, with the latter not seen as providing sufficient support for their clients’ net zero-aligned strategies, particularly during the proxy voting season. Lee suggests not. “In
The importance of water-related risks was underlined last month with the commitments to a more ambitious Water Action Agenda signed last month at the UN’s first dedicated water summit in 50 years, part of a focus throughout 2023 on getting the UN Sustainable Development Goals back on track.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.
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