article thumbnail

ESG isn’t a scam. Here’s why.

Corporate Knights

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.

article thumbnail

2023 Moskowitz Prize Awarded To Research Measuring Financial Impact of Biodiversity Loss — Plus Honorable Mention Studies

3BL Media

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

Insiders

Sign Up for our Newsletter

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

article thumbnail

Should investors stay and fight for green change — or divest?

Financial Times: Moral Money

Remaining engaged can often have a greater impact, this academic study argues

article thumbnail

P+ Takes Hard Line on Oil and Gas Expansion

Chris Hall

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.

article thumbnail

Decarbonisation Culture

Chris Hall

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.

article thumbnail

Take Five: Breaking Point

Chris Hall

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.

article thumbnail

Singapore students rally against fossil fuel firms' interference in universities

Eco-Business

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.