ESG Today

JUNE 10, 2024

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.

Divestment 128

Divestment Greenwashing Sustainable Investment 128

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

James Militzer

MARCH 2, 2023

Were the sustainability measures and corporate social responsibility offices at VW simply engaged in greenwashing? 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.

Supply Chain 98

Supply Chain Supply Chains Climate Change Development 98

Chris Hall

JUNE 2, 2023

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.

Paris Agreement 52

Paris Agreement Climate Change Divestment Supply Chains 52

3BL Media

JANUARY 11, 2023

But developers who plan to start operating in 2025, including three hydrogen-based steelmaking projects, will need to reach a final investment decision in 2023 to start on time. The increased scrutiny over greenwashing is necessary, and will provoke the market to favor substance over style. The divestment movement will wane.

Supply Chains 130

Supply Chains Supply Chain Paris Agreement Divestment 130

GreenBiz

SEPTEMBER 25, 2020

And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. Currently, 13 percent of AstraZeneca’s power load comes from combined heat and power, and the company has committed to identifying renewable alternatives by 2025. Were there other announcements this week?

Paris Agreement 509

Paris Agreement Net Zero Supply Chains Supply Chain 509