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For the leaders of the divestment movement, which encourages institutional investors to sell off their shares in fossil fuel companies, winning isn’t everything. But after a decade of determined lobbying, the divest side is suddenly doing a lot of winning. That tally, they noted, is bigger than the combined GDP of the U.S.
But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. of Shell’s investments were classified as sustainable (a far cry from the 50% by 2025 target it has set for itself). Divestments (8%). Divestments (25%).
Nordea’s divestment, along with pressure from other institutions, such as Norwegian pension fund KPL, led to a pledge from JBS to use blockchain to monitor its entire supply chain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation.
Two-thirds of funds in the EU labelled with sustainable or ESG-related terms may need to sell assets or change their names to align with new anti-greenwashing rules, with stock divestments of as much as $40 billion if all were to keep their names, according to a new report released by investment research firm Morningstar.
The current list has been updated with data through January 29, 2025. The ranking was first calculated on July 1, 2016, and publicly released on August 15, 2016, by Corporate Knights and As You Sow. The Clean200 companies are ranked by their clean revenues in U.S.
The current list has been updated with data through January 29, 2025. The ranking was first calculated on July 1, 2016, and publicly released on August 15, 2016, by Corporate Knights and As You Sow. The Clean200 companies are ranked by their clean revenues in U.S.
Divestment from fossil fuels is accelerating around the world. Besides dozens of universities (including Harvard and the University of Toronto), the divestment list now includes France’s Banque Postale, the State of New York, and Europe’s largest pension, ABP.
Las Vegas Sands During Womens History Month 2025, Sands is featuring women who help drive the companys success and exemplify its culture of advancement. multinational corporation, I spent a lot of time doing mergers and acquisitions work divesting large global business divisions and handling environmental issues in China and India.
They also beat the global benchmark MSCI ACWI by 30% from July 1, 2016, to January 29, 2025. on a sustainable-revenue-weighted basis, outperforming the MSCI ACWI index (162.0%) and the MSCI ACWI/Energy Index of fossil fuel companies (76.7%) on Total Return Gross USD Basis from the Clean200 inception of July 1, 2016, to January 29, 2025.
Mikkelsen adds that the firm has pushed to reduce carbon in its own operations, setting a target of 2025 to transition entirely to the use of renewable energy in its shredding and separating operations, as well as longer-term goals, such as becoming carbon neutral by 2030 and achieving net-zero emissions by 2050. .
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.
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.
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.
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.
They can also divest from high-emitting industries such as thermal coal production. Even JP Morgan Chase , the world's largest investor in fossil fuels, has taken steps to reduce investment in Arctic oil drilling and coal. When developing an investment decarbonisation approach aligned with +1.5°C
Today, 78% of our product sales come from this program, and we plan to reach 80% by 2025. This is anchored in our comprehensive net-zero science-based targets and an ambitious impact plan for 2025 that includes saving 800 million tons of CO2 emissions for our customers by that time.
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.
The fund was previously under pressure to divest from carbon-intensive oil and gas companies but, like other asset owners, CalSTRS is choosing to engage, with divestment serving as a last resort. . If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.
“Much more challenging” Speaking yesterday at the Net Zero Delivery Summit in London, Wilde said while Phoenix was confident it would meet its 2025 targets, its scenario analyses have shown hitting its 2030 target will be “much more challenging”.
Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.
Pledge to divest over next two years follows mounting pressure from protesters. PFZW has been under pressure from climate activists over recent months who have called for its divestment from fossil fuels. Setting a 1.5°C This followed a successful campaign targeting the country’s largest scheme, ABP.
Pension scheme says country’s new framework will support its net zero strategy; asserts that divestment of fossil fuels amounts to “passing the buck ”. Engagement over divestment The Canadian Pension Climate Report Card , which benchmarks schemes’ decarbonisation efforts, criticised HOOPP for lack of ambition in January.
In addition, Shell had reduced its net carbon intensity across Scopes 1 to 3 by 6-8% by 2023 compared to 2016 levels, though it is targeting a 9-12% reduction by 2024 and a 9-13% by 2025.
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. It also increased its green assets by 34% during the same period to C$53 billion, putting it within reach of its 2025 target of C$54 billion.
It also flagged that cheap solar PVs are set to drive renewables and overtake coal in global electricity generation by early 2025. 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.
R estoration c apital w ill become c ore to the c limate n arrative towards the 2025 r atchet , says Julian Poulter, Head of Investor Relations at the Inevitable Policy Response. If some current market signals are correct, then the fog of inflationary risks and forthcoming recession remains, but with an end in sight. errr …in the present.
C no/low overshoot scenarios state that the global economy needs to decarbonise by 22%-32% for 2025 and 40%-60% for 2030 from 2020. “NZAOA members must adhere to these same reductions in their own portfolio – if they do not, they will be marked as a red flag in our accountability mechanism,” a spokesperson told ESG Investor.
The Catholic Bishops Conference of the Philippines, whose archbishops are major stockholders in the second biggest financier of coal in the country, declared that it will stop investing in banks that fund “dirty energy”.
The net zero race The former MP also emphasised the importance of the Global Stocktake , and the development of new nationally determined contributions (NDCs) under the Paris Agreement, which need to be submitted by 2025 with detailed sectoral commitments. We need long-term support to move to an alternative [energy source].”
Alignment is not just about divestment, said Bolli, but about a “collaborative mindset” that uses engagement to steer investee companies on the right path. . Swiss Re has committed to reduce listed equities and bond emissions by 35% by 2025. Collaborative mindset . Engagement is just one piece of the puzzle.
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.
The relative importance of corporate Environmental, Social, and Governance (ESG) reporting is continuing to evolve, with Bloomberg Intelligence predicting that global ESG assets under management are on track to exceed $53 trillion by 2025. [1]
trillion sovereign wealth fund, has published its 2022-2025 climate action plan. NBIM’s 2025 climate action plan is the fund’s latest commitment to improving its ESG-related performance. . Norwegian SWF to challenge companies on their decarbonisation targets, transition plans and climate reporting. . Raising ambition .
Carbon Brief, a UK-based website covering the latest developments in climate science, climate policy and energy policy, has analyzed closely the entire report and summarizes its findings, and there are really hopeful findings in the entire report: Global fossil fuel use peaking in 2025, two years earlier than expected last year.
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. trillion, or 6.8%
With asset managers favouring engagement over divestment as an approach in transforming corporate behaviour, funds must step up and support important biodiversity proposals, or provide justification for their voting decision.” The post Biodiversity “Momentum” Builds Among Investors appeared first on ESG Investor.
NZAOA aims to grow its member base to 200 or US$25 trillion in cumulative assets by 2025. In 2022, NZAOA introduced a member-led process to review members’ published and report targets on an anonymised basis. “The This report is seen as an opportunity to do just that,” he said.
By 2025, two-thirds of the world could face water shortages – ecosystems are not even factored into these calculations. Negash calls the work groundbreaking, and especially important for GEPF, as it can’t divest from specific sectors easily, given that its investment universe is quite small compared to its global peers.
To better stimulate investment in climate resilience across Australia and New Zealand, the Investor Group on Climate Change (IGCC) has developed its ‘ Road to Resilience ’ strategy. The post IGCC Devises Climate Resilience Strategy appeared first on ESG Investor.
For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else.
reduction in UPP’s portfolio carbon footprint by 2025 and 60% by 2030 compared to a 2021 baseline. . For existing investments, UPP is prioritising active engagement over divestment, partly due to the complexity of the challenges facing firms in different sectors. . Multi-pronged climate engagement .
Perhaps more encouragingly, almost a fifth of shareholders voted in favour of resolutions calling on ExxonMobil and Shell to accurately disclose the role of asset transfers in their reported GHG emissions reductions, which would stop them claiming CO2 cuts from divestments.
The University of Michigan Endowment Fund: Divesting from Fossil Fuels (Published 9.9.2020) In September 2019, there were climate change strikes at the University of Michigan. One of its goals was to reduce emissions to 25% below 2006 levels by 2025.
C pathway.” Despite ‘dark green’ investors divesting from Glencore, Narr remains encouraged by 24% of shareholders voting against Glencore’s climate plan at last year’s AGM which showed there was a “sizable minority that were not super happy with the climate report”.
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