Corporate Knights

JANUARY 10, 2024

Divestment is different from ESG, which is different from impact investing. Negative screening – also known as divestment – is common for “sin sectors” like tobacco, weapons and (increasingly) fossil fuels. It launched in May 2022 but failed to attract investors and closed, or “de-listed,” in June 2023.

Sustainable Investment 329

Sustainable Investment Divestment Negative Screening Greenwashing 329

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

Global Renewable News

NOVEMBER 6, 2024

Today (Nov 5), Ørsted's Board of Directors approved the interim report for the first nine months of 2024.Mads Mads Nipper, Group President and CEO of Ørsted, says in a comment to the interim repo.

Divestment 100

Divestment 100

Corporate Knights

MARCH 14, 2023

Starting in 2024, the Office of the Superintendent of Financial Institutions (OSFI) will require federally regulated banks and insurance companies to start collecting information on their CO2 emissions and climate risks for annual disclosure beginning in 2025. OSFI rejected both suggestions.

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Banking Divestment Climate Change 271

3BL Media

AUGUST 20, 2024

NEW YORK, August 20, 2024 /3BL/ - A list of the 100 leading Chief Sustainability Officers (CSOs) in the United States and Canada has been released. At least one year in the current position to be eligible for further nomination stage (one year before September 1, 2024). Company headquarters must be based within the USA or Canada.

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Chief Sustainability Officer Divestment Regenerative Development 147

3BL Media

JULY 7, 2024

Data quality can also improve as sellers and sell-side advisors drive value from divestments with higher quality ESG vendor documentation. Click here to learn more on the KPMG Global ESG due diligence study 2024. Solutions are emerging for greater scope clarity.

Divestment 147

Divestment 147

ESG Today

MARCH 20, 2024

Despite the political pressure, however, BlackRock signaled earlier this year in its release of its 2024 engagement priorities that its engagements with companies would continue to include sustainability-focused topics such as “Climate and natural capital” and “Company impacts on people.” That is why we’re pulling $8.5B energy companies.

Divestment 134

Divestment Decarbonize Banking 134

Chris Hall

FEBRUARY 22, 2024

Investors have heightened their focus on tech companies’ failure to address human rights risks inherent to their business models, with as many as 14 shareholder proposals filed ahead of the 2024 proxy season. trillion in market capitalisation.

Divestment 82

Divestment Value Creation Net Zero Banking 82

ESG Today

FEBRUARY 16, 2024

Under the new policy, AXA IM said that it will ask for disclosure of climate lobbying activities to ensure consistency with companies’ publicly stated goals, and will vote against high-emitting companies that fail to appropriately report on these activities.

Paris Agreement 113

Paris Agreement Divestment Net Zero 113

ESG Today

SEPTEMBER 25, 2024

The closing of the transaction is subject to customary approvals, and is expected to occur around the end of 2024. UAE-based clean energy-focused developer Masdar announced plans to acquire renewable power company Saeta Yield from Brookfield Renewable together with its institutional partners, for an implied enterprise value of US$1.4

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Development Net Zero Divestment 109

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 73

Divestment Paris Agreement Net Zero Climate Change 73

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.

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

Chris Hall

APRIL 26, 2024

Exxon has now taken aim at sustainability-focused shareholders and shareholder networks in its 2024 proxy statement.

Divestment 136

Divestment Net Zero Climate Change Banking 136

3BL Media

SEPTEMBER 29, 2023

They can also divest from high-emitting industries such as thermal coal production. TCFD is becoming a standardised requirement for many organisations, with several governments looking to make reporting mandatory, such as the case in Switzerland by 2024. When developing an investment decarbonisation approach aligned with +1.5°C

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

3BL Media

MARCH 25, 2024

PERRYSBURG, Ohio, March 25, 2024 /3BL/ - O-I Glass, Inc. (“O-I O-I Glass” or “O-I”) was selected by the U.S. dollar, (18) changes in tax laws or U.S.

Decarbonize 162

Decarbonize Supply Chains Supply Chain Divestment 162

ESG Today

OCTOBER 9, 2024

The CSRD took effect from the beginning of 2024 for large companies, with the first reports to be issued in 2025, followed by smaller companies in subsequent years. This represents a significant number of funds that may need to consider either divesting from the stocks or rebranding.

Divestment 104

Divestment Greenwashing Green Investing Sustainable Investment 104

Chris Hall

FEBRUARY 16, 2022

Pledge to divest over next two years follows mounting pressure from protesters. C temperature alignment target for its portfolio, the fund will only remain invested in fossil fuel companies with credible and verifiable climate transition strategies by 2024. Setting a 1.5°C Setting a 1.5°C

Divestment 52

Divestment Paris Agreement COP26 Net Zero 52

Chris Hall

APRIL 5, 2024

2024 policy also recommends votes against nominating committees at boards without a 40% minimum ethnic diversity and 50% gender balance. ESG-aligned investors have been advised to vote against company boards that seek to challenge shareholder resolutions through the courts, as part of As You Vote 2024 Proxy Vote Guidelines.

Divestment 76

Divestment 76

Chris Hall

MARCH 27, 2024

C scenario.” It was hoped that Shell’s 2024 energy transition strategy , published this month, would demonstrate sufficient climate ambition and move the needle. But, as the International Energy Agency (IEA) has made quite clear, there should be no new oil and gas projects if we are to achieve a 1.5°C

Paris Agreement 133

Paris Agreement Climate Change Divestment Banking 133

Chris Hall

JANUARY 5, 2024

The first week of 2024 gave a few glimpses of the challenges and opportunities to come for policymakers, companies and investors. PensionDanmark , which divested a large stake in the firm in early December, was joined by PFA, KLP and Folksam in urging the firm to “reconsider your current approach to unions”.

Divestment 76

Divestment Development Digitalization Manufacturing 76

Chris Hall

JANUARY 30, 2024

While indirect risks remain predominant, litigation could target asset owners following increased focus on financial institutions. Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

3BL Media

FEBRUARY 16, 2024

O-I Glass” or “O-I”) plans to install a waste heat recovery system at its Veauche, France operations. Heat recovered from the facility’s glassmaking furnace will feed a new internal energy distribution network and will supply up to 94 percent of the plant’s heating needs. dollar, (18) changes in tax laws or U.S.

Supply Chains 147

Supply Chains Supply Chain Decarbonize Divestment 147

Chris Hall

MARCH 4, 2022

By divesting its 20% stake in Rosneft, BP also disposed of around a third of its oil supplies. As divestment sceptics know, there’s a big difference between reducing portfolio and real-world CO2 emissions. Away from Europe, there was some good news.

Divestment 52

Divestment Stranded Assets Net Zero Climate Change 52

3BL Media

FEBRUARY 21, 2024

Major advances in sustainability, flexibility, and productivity €55 million for the plant in Gironcourt-sur-Vraine; €40 million for Reims PERRYSBURG, Ohio / VAULX-EN-VELIN, France, February 21, 2024 /3BL/ - O-I Glass, Inc (NYSE: OI) announced today the company is investing €95 million into two of its French glass packaging production facilities.

Supply Chain 162

Supply Chain Supply Chains Divestment Development 162

3BL Media

FEBRUARY 14, 2024

O-I Glass” or “O-I”) has announced the launch of a lightweight glass wine bottle with reduced carbon impact in the French market, the latest proof point in O-I's pursuit of its approved SBTi (Science Based Targets Initiative) target to reduce GHG (greenhouse gas) emissions 25% by 2030. dollar, (18) changes in tax laws or U.S.

Supply Chains 147

Supply Chains Supply Chain Divestment Development 147

Chris Hall

FEBRUARY 15, 2023

With significant divestment from the traditional energy sector, the fund’s holdings are now mostly concentrated in utilities and industrials sectors that provide alternative energy solutions and services. This can lead to investors divesting their money from the fund.”

Net Zero 52

Net Zero Divestment Greenwashing Sustainable Investment 52

3BL Media

AUGUST 1, 2022

Start of the first production line is expected mid-year 2024 followed by up to two more production lines to serve the growing market and continued development of MAGMA. The proximity to key customers in Bourbon country will reduce logistics and further enhance O-I’s customer service, flexibility, and sustainability. i.com. ###.

Manufacturing 130

Manufacturing Divestment Supply Chains Supply Chain 130

Chris Hall

OCTOBER 4, 2023

Senator Wiener has suggested he’s not done after the success of SB 253 expressing his delight that California is again “taking the leadership mantle on climate”.

Climate Change 136

Climate Change Greenhouse Gas Protocol Supply Chains Supply Chain 136

Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. While indirect risks currently remain predominate, litigation could target asset owners following increased focus on financial institutions.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Chris Hall

JANUARY 31, 2023

From 2023 onwards, members are also being asked to set decarbonisation targets on new commercial real estate loans, reporting on progress from 2024. The protocol outlines how the 84 alliance members, with a collective US$11 trillion in assets, can align their sub-portfolio decarbonisation targets with net zero.

Net Zero 52

Net Zero Divestment Paris Agreement Sustainable Investment 52

Edouard Stenger

OCTOBER 31, 2023

A key focus on slowing economic growth and faster low-carbon uptake in China, where fossil fuel demand is now expected to peak in 2024. The IEA expecting 20% more electric vehicles on the road in 2030 than it did last year. All of this was unimaginable just a few years ago.

Divestment 52

Divestment Development 52

Chris Hall

SEPTEMBER 6, 2024

Ofwat is in the process of its 2024 price review ( PR24 ), with final decisions to be published on 13 December. At the same time, Ofwat has suggested that the average bill should only rise by £19 per year between 2024-25 and 2029-30 – £44 per year lower than what the companies were asking for in the consultation.

Climate Change 83

Climate Change Divestment Banking Development 83

Chris Hall

MAY 31, 2024

A stronger possibility is that more investors choose to divest from Exxon, following continued examples of climate denial and obfuscating. Earlier, Woods called out CalPERS for its opposition, claiming that climate activist shareholders wanted to “financially hurt” the company. Exxon then lashed out at proxy giant Glass Lewis.

Climate Change 52

Climate Change Divestment Paris Agreement Value Creation 52

Chris Hall

APRIL 12, 2024

A move to a professional trustee model from lay people in the UK was also mooted during a debate on manager selection at the Stewardship Summit 2024. James Moore, Partner at investment consultancy LCP, expressed his sympathy for non-investment professionals in the space.

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Climate Change Ethical Investment Divestment Climate Scientist 52

Chris Hall

JUNE 2, 2023

The second meeting of the Intergovernmental Negotiating Committee ( INC-2 ) was supposed to discuss options for legally binding and voluntary measures addressing plastic use as a key step to reaching consensus by the end of 2024.

Paris Agreement 52

Paris Agreement Climate Change Divestment Supply Chains 52

Chris Hall

NOVEMBER 30, 2023

In May , Phoenix Group became the CA100+’s new Shell co-lead, following the Church of England stepping back from engagement after five years and divesting from the oil and gas giant the following month.

Net Zero 59

Net Zero Climate Change Paris Agreement Sustainable Investment 59

Corporate Knights

OCTOBER 25, 2024

Here are our top four takeaways from PRI’s 2024 conference, based on insights and conclusions from the world’s top responsible investors. 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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Divestment Net Zero Decarbonize Paris Agreement 313