article thumbnail

Divesting works: Study finds ditching fossil stocks lowers corporate footprints

Corporate Knights

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.

article thumbnail

The biggest carbon losers

Corporate Knights

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%).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why investors are putting biodiversity on the balance sheet

GreenBiz

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.

article thumbnail

New EU Sustainable Fund Naming Rules Could Lead to $40 Billion Divestments: Morningstar

ESG Today

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.

article thumbnail

Clean200 - Resources

Corporate Knights

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.

article thumbnail

Clean200 - Resources

Corporate Knights

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.

article thumbnail

Time for a fair phase out of fossil fuels

Corporate Knights

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.