This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Tariq Fancy, former BlackRock chief investment officer for sustainable investing, in a recent TEDx talk called fossil fuel divestment a placebo, equating it to giving wheatgrass juice to a cancer patient. We need rigorous academic research to back up our claims. I’m seeing more nuanced critiques from industry insiders.
Voice Through Divestment The other Honorable Mention paper examines how divestment of stock holdings and pledges to disinvest affect target companies and industries, given past skepticism about this link. The research underscores the significant financial impact of environmental advocacy and public sentiment,” says judge Lilian Ng. “It
The Danish pension fund for academics has joined the European asset owners opting for divestment, as fossil fuel companies remain at odds with the Paris Agreement. According to Global Fossil Fuel Divestment Commitments Database, the value of financial institutions divesting has reached US$40.76 are pension funds.
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. In addition to divesting from oil, CDPQ plans to deepen its practice in the biodiversity space and expand the scope of its commitments in nature-positive themes.
But when the largest players’ strategies are so wholly focused on dirty revenue maximisation – campaign Follow This called Chevron’s purchase of Hess a bet that Paris would fail – is there any justification for engagement over divestment? At the very least, investors should pursue a policy of engagement with consequences.
The group contends that the likes of Shell, ExxonMobil, and BP should not be allowed to promote their brands on university campuses and impinge on academic freedom, and Singapore's universities should divest from fossil fuels.
Despite many pension funds declaring their frustration at laggardly transition planning in the sector, as engagement yields limited results, divestment still seems to be the hardest word.
Rickard Nilsson, Director of Strategy and Growth at Esgaia, highlights recent academic insights into the effectiveness of ESG engagement. If divesting from harmful industries, communicate this publicly. Sustainable finance is undergoing an extreme change of pace. Collaboration as an enabler.
That’s why the William Davidson Institute is sponsoring the Energy Innovation in Low- and Middle-Income Countries Global Case Writing Competition , which aims to increase the number of academic business cases available about this very important topic. The winners of the competition will receive cash prizes ranging from $1,000 to $3,000.
Understanding early on that he would have to apply his scientific knowledge to real-world scenarios, Jacobson added an economics major to his academic pursuits. The fossil fuel divestment movement led by Bill McKibben’s 350.org (Photo Courtesy Mark Jacobson). Then, in 1989, he attended UCLA and added a M.S.
The impetus for net zero following the Paris COP came from the academic community, was endorsed and framed by policymakers, and requires business model change, often radical, to be implemented by corporates. “We have to acknowledge that with the transition to net zero, finance is an enabler not really the driver.”. Engagement ring.
Academic evidence suggests there are limits to both the power of engagement and the threat of divestment, which is most effective when it serves to shift the perspective of directors to shared medium- and long-term interests.
Car manufacturer Toyota is facing a climate-focused shareholder resolution of its own, with Danish pension fund AkademikerPension demanding more transparency on the company’s climate lobbying practices. However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural (..)
The researchers, from Canada, the United States and Ireland, just published the first comprehensive review of academic and private research into the oil industry’s attempts to stymie and stifle climate science. “In The researchers also surfaced confidential documents that prove that businesses work deliberately to alter academic outcomes.
Denmarks AkademikerPension , a member-owned scheme serving 174,500 teachers and other academic professionals, said it had decided to terminate our relationship with State Street Global Advisors (SSgA), after the US-based index fund giant was given a low ESG rating by staff.
This appears to be growing, with increasing numbers in the latter camp moving further in the opposite direction, favouring divestment over engagement – at least as far as the highest emitters are concerned.
Hillis pointed to academic research to argue that a joined-up policy framework, which simultaneously removes fossil fuels subsidies and incentivises renewable energy development, is “essential for building trust and minimising market-level risks”, she said.
It’s more a theoretical implication often discussed by academics who have yet to find much of a link. That said, few companies today want to be excluded from ESG indexes, and there is growing issuance of sustainability-linked bonds , which lower the cost of borrowing if the issuer meets predefined sustainability objectives.
The firm’s first transition plan eschews divestment, but neither is it putting all its eggs in one basket, emphasising policy-focused engagement , including encouraging governments to provide the framework and incentives to boost electrification, thereby reducing fossil fuel dependence.
Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. This piece examines sanctions and corporate divestments through a slightly more sceptical lens. We are not arguing that divestment is or is not the right course of action for companies to take.
“Constructive dialogue” sought by UK asset owners with managers, including meetings and their involvement in an academic review. All firms saw shareholder resolutions on climate disclosures fail to gain sufficient shareholder backing or the passing of weak climate transition plans.
Technology-focused climate crisis research and development (R&D) programs are in a time of rapid expansion and reformulation across government , academic research , the private sector, and partnerships that span all three. By Theodora Dryer. There are alternatives to expanding a lithium-dependent demand economy.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content