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Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As with the financial divestment movement, there is a valid debate about whether engagement with high-carbon firms that are working to reduce their emissions is more effective than simply severing ties. Sponsored Article. Michael Holder.
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. Divestments (8%). 0.124 Retirements and divestments (100%). Divestments (25%). 4 BP PLC Oil & Gas 35,600,000 32,600,000 -0.48 -0.583 Divestments (87%).
This helps explain why more than $11 trillion have been divested from fossil ownership, even before the University of California announced that it was divesting its $80 billion portfolio. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Contributors. Natural Gas.
We also began a fossil-fuel divestment initiative. Read the full article here - [link] In the mid-2010s, our Board and Investment Committee piloted multiple small-scale initiatives, including one Program Related Investment, several Mission-Related Investments, and a shareholder activism program. We are excited for this future.
health insurers are all invested in the fossil fuel industry" and will call on insurers to divest from these companies, calling them "the greatest threat to human health.". Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Follow the money, indeed. Corporate Strategy.
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. Sponsored Article. Finance & Investing. Biodiversity.
Sustainable investments should grow as divestment from carbon-intensive industries intensifies. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Faster private- and public-sector innovation to get emissions down should follow. Finance & Investing. Carbon Removal.
Suncor had already divested from solar and wind assets last year, reportedly to focus on hydrogen and renewable fuels. The former Imperial Oil CEO came out of retirement in May only to steer the company “ back to being a good old-fashioned oil company,” as Western Standard noted.
A recent peer-reviewed article funded by the American Gas Association concluded that existing research “does not provide sufficient evidence regarding causal relationships between gas cooking or indoor nitrogen dioxide and asthma or wheeze,” despite growing research to the contrary.
Pension and private wealth fund managers would have incentive to divest from carbon-polluting investments out of a fiduciary duty to their clients. This article is republished from The Conversation under a Creative Commons license. Read the original article. Jared Starr is a sustainability scientist at UMass Amherst.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Telstra Ends Use of Carbon Credits to Increase Focus on Decarbonization Projects Swiss Re Signs 70,000 Tonne Biochar Carbon Removal Agreement with Carbonfuture Google Rolls Out New Clean Energy Purchase Structure (..)
Read Amanda's full article here - [link]. Second , faith-based asset owners are increasingly expecting more — more from their investments, their policies, their investment committees, their financial advisors and investment consultants. .
billion in divestment from banks backing the project and nearly $1.4 This article originally appeared in Grist. One analysis from researchers at First Peoples Worldwide at the University of Colorado at Boulder estimated that resistance to the Dakota Access Pipeline drove the project cost upwards of $7.5 That includes more than $4.3
According to an article in Sourcing Journal, Eastman reported in February that it had already handled 8,000 pounds worth of waste from Patagonia. Patagonia recently agreed to be part of non-profit Canopy’s Pack4Good initiative, which will allow them to use more recyclable materials in their packaging, such as agricultural waste.
From companies looking to select cleaner manufacturing suppliers, to investors seeking to divest from polluting industries, to consumers making choices about which businesses to patronize, one thing is clear: a reliable way to measure where emissions are coming from is necessary," they wrote. Sponsored Article. Innovation. Technology.
Indeed, nearly half (49%) of investors globally would divest from companies that are not taking sufficient action on environmental, social, and governance (ESG) issues. For example, when customers visit Trilogy Fashion’s website, they can view the carbon emissions associated with the production of each article of clothing.
Disputing divestment. We cannot just divest from fossil fuels; we need a fair and just transition to the net zero economy.”. And McMurdo’s caution about divestment is not limited to the energy sectors. For me to divest from any sector, I have to be clear that I am able to fulfil completely on the principle.”.
In this article, I describe what I learned about how investors react to regulation and what that means for companies, regulators, and investors. When environmental regulations, such as the NAAQS, come into effect, investors know it means their companies will take a hit — so, they divest. I’ve focused my Ph.D. This sell-off can be big.
This step will help you identify the riskiest physical locations and products to divest from and access public incentives. You can also divest from risky assets and manage risk within the supply chain. Investments from the community can be made in a way that benefits everybody.
In recent times, the blog has become more of an outlet for longer form writing (700 word plus articles, is that long form these days?) with articles co-authored by my friend and colleague Peter Stanbury. We’ll also post links to podcasts, given they are pretty popular format.
Within the SFDR, Article 9 funds represent a significant opportunity for investors that look for rapid abatement and sustainable land use practices combined with strong returns on investment in the medium to long term. SFDR offers three main classifications: Article 6, Article 8, and Article 9.
Labelled as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR), the fund is targeting fixed income and other similar securities issued by emerging markets-based companies that are contributing to the UN Sustainable Development Goals (SDGs).
Invesco Energy Transition Fund, an Article 9 fund previously known as Invesco Energy Fund, stands out for its largest in class fossil fuel exposure reduction (down 87%), in the report. Say for example a [rebranded fund] is divesting from a certain sector, but that sector has a transitional focus, then the fund cannot divest radically.
Other states have passed or introduced legislation designed to divest from industries like fossil fuels. ESG states has passed or introduced laws requiring divestment from companies that “boycott” the fossil fuel industry. 4] Model legislation targets banks that divest from fossil fuel companies , ABC News (Dec.
“This means that [energy renovations in buildings] is not yet classified as wholly sustainable and – as stated by both the European Commission and the European Securities and Markets Authority (ESMA) – cannot be included in Article 9 funds [under the Sustainable Finance Disclosure Regulation (SFDR) ],” she said.
The following article is based on a presentation I gave last year to my classmates and friends during my MBA at Presidio Graduate School. Ending fossil fuels subsidies and divesting away from coal will put the final nails in the coffin. Numbers have been updated with current figures. Current situation. Our future can be coal-free.
Stiell flagged the investment opportunities arising from extreme need – but observed that Africa’s “epidemic of underinvestment” could only be reversed by progress at COP29 on climate finance , Article 6 carbon markets , and the Loss and Damage Fund. Is now the right time for investors to quit a fading industry ?
Nevertheless, the article led to a TED (Technology, Entertainment, Design) debate where Jacobson convincingly championed the report’s findings. The fossil fuel divestment movement led by Bill McKibben’s 350.org To read more about Jacobson’s home, check out these articles in Dwell , InHabitat and BoneStructure. He received a M.S.
According to an article in Sourcing Journal , Eastman reported in February that it had already handled 8,000 pounds worth of waste from Patagonia. For even more curated content, our team provides the latest articles to help keep you and your company informed on the ever-changing field of ESG and sustainability. View our news feed here.
However, as we highlight in this article, given the urgency and based on historical evidence , this requires evolving practices from investors to make it more powerful and effective. engagement, divestment & exclusions, climate solution financing, and (within) sector reallocation. It’s time to evolve. Mitigation strategies incl.
Challenge 4: Engagement and divestment Speaking of stewardship, passive ESG equity managers have been criticised over the years for their lack of meaningful engagement with portfolio companies. This article was co-authored by Kathryn Saklatvala, Head of Investment Content at bfinance.
As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. To learn out more, can read these articles. Part of this revolution is the meteoritic growth of green bonds, which were started in 2007 by the World Bank and the European Investment Bank.
Covid-19 gave us a glimpse of how assets can be repriced in emissions-intensive sectors and the bounce back bounty in coal and oil and gas has been very unwelcome in fossil fuel divested funds, but none of it matters any more.
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. One contented customer commented under an article in The Times on Shell’s latest windfall profits: “ Well done to both BP and Shell.
Do they divest so the poorly performing assets are no longer on their books? The climate delegated act of the taxonomy has outlined that, for building renovation to be considered a sustainable economic activity, it needs to achieve 30% energy saving and comply with minimum energy performance requirements. . “In Hunziker said. .
Given the rise of passive index investing, supporting government action in carbon-intensive sectors is essential, as leading financial firms favor continued investment over sector level divestment. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Contributors.
To help lift some of this pressure, in this article, I summarise important research on the effectiveness of ESG engagement and what is required to increase it. “No If divesting from harmful industries, communicate this publicly. No man is an island”. Vote shares and engage with investees and screen holdings on transparent ESG criteria.
Large institutional investors have taken divergent approaches to managing the climate risks in their portfolios, with some pension funds divesting fossil fuel holdings. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.
It confirms the material importance of divesting from fossil fuels and decarbonising real estate.” . “[REPowerEU] shapes the transition trajectory and brings forward the urgency to act,” says Zsolt Toth, Senior Project Manager at the Buildings Performance Institute Europe (BPIE). “It
All of this work to support divestment from extractive investments, and investments into community, ultimately has positive implications for climate, as well, said Collins-Swartz. This article was first published by The Energy Mix. Read the original story here.
While at Tufts University, from which he received a bachelor’s in international relations and economics, Dowd was involved with the school’s fossil fuels divestment campaign and interned in the Obama White House. Finding herself the only Black person in the student divestment group, everything clicked. "I Sponsored Article.
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. This article was originally published by Global Witness. JBS is widely regarded as an ESG pariah.
This article assess the impacts for the solar panel supply chain. Such actions could be a prelude to forced divestment or non-investment in companies that do not provide sufficient transparency on labor issues to their publicly traded customers or as a prelude to expanded sanctions targeting these companies. In other words, the U.S.
The finance industry will also realize that truly green assets – like those meeting EU’s Article 9 category – are too few to green the entire economy. The divestment movement will wane. The 10 Big Things To Watch Across World’s Energy Markets in 2023. Wed, 01/11/2023 - 14:05. Type of Content. Standard Format.
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