Remove 2030 Remove Divestment Remove Greenwashing
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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

From 2021 to May this year, 22 investors, including banks and pension funds, have divested from JBS or its subsidiaries, citing its links to biodiversity loss and governance issues, according to the Financial Exclusion Tracker project. JBS is widely regarded as an ESG pariah.

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Why this investor advocate quit filing oil and gas shareholder proposals

Corporate Knights

The reaction of major Canadian oil and gas companies to new federal anti-greenwashing rules has been telling. Nearly all of these major investors say that they are “engaging” with high-carbon investees in their portfolios in order to advance net-zero, setting this up as a binary choice against divestment.

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Investors Face Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms. The parties bringing litigation cases are “becoming increasingly sophisticated well resourced”, he added.

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The ESG Interview: Learn from the Past, Look to the Future

Chris Hall

McMurdo anticipates more such rebellions this year, which he says reflects the pervasive greenwashing evident in net zero plans. LAPFF focused on changes to executive pay and discussed Persimmon’s commitment to ensure that all new homes are net-zero by 2030. Disputing divestment. That is why governance is so important.

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The 10 Big Things To Watch Across World’s Energy Markets in 2023

3BL Media

In the year to October 2022, more than 85 million tons of carbon capture capacity were announced, leading to a 44% hike in the forecast for installed capacity by 2030. By the end of 2023, the cumulative CCUS capacity expected by 2030 could be almost 420 million tons, a 50% increase. The divestment movement will wane.

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Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms. The parties bringing litigation cases are “becoming increasingly sophisticated well resourced”, he added.

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Climate-focused investors welcomed the change from the coal-wielding Scott Morrison, calling for an “investment grade 2030 emissions target”, and accompanying policy changes, including a National Transition Authority. Even so, we were reminded how far the G20 nations are from meeting their COP26 commitment to keep 1.5°C