GreenBiz

MARCH 4, 2021

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.

Supply Chains 545

Supply Chains Supply Chain Banking Climate Change 545

GreenBiz

OCTOBER 13, 2020

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.". And then there are banks and other financial institutions , which have long been the focus of climate activists. That, too, is ramping up.

Climate Change 474

Climate Change Paris Agreement Banking Divestment 474

Corporate Knights

SEPTEMBER 18, 2024

Large Canadian banks, insurance companies and pensions have declared they will reach net-zero in financed emissions in their portfolios by 2050. 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.

Net Zero 220

Net Zero Divestment Banking Greenwashing 220

Corporate Knights

JULY 14, 2022

EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. MH: Choosing among responsible investment tools – positive and negative screening, divestment and engagement – is complicated. The “clean hands” approach of divestment best expressed the moral outrage of activists over apartheid.

Divestment 274

Divestment Ethical Investment Greenwashing Negative Screening 274

ESG Today

JANUARY 19, 2024

EU banking supervisor The European Banking Authority (EBA) announced the launch of a consultation on new proposed guidelines, setting out requirements for banks to identify, measure, manage and monitor ESG risks, including setting plans to address risks arising from the EU’s transition to a climate-neutral economy.

Banking 123

Banking Divestment Development 123

Corporate Knights

FEBRUARY 18, 2025

It excludes carbon laggards in the cement industry, oil and gas companies and those found on the Global Oil & Gas Exit List, coal companies found on the Global Coal Exit List, all utilities that generate less than 50% of their power from green sources, the top 200 carbon reserve owners in the Carbon Underground 200 list, fossil-fuel financers found (..)

Negative Screening 130

Negative Screening Divestment Manufacturing Banking 130

Corporate Knights

FEBRUARY 18, 2025

It excludes carbon laggards in the cement industry, oil and gas companies and those found on the Global Oil & Gas Exit List, coal companies found on the Global Coal Exit List, all utilities that generate less than 50% of their power from green sources, the top 200 carbon reserve owners in the Carbon Underground 200 list, fossil-fuel financers found (..)

Negative Screening 130

Negative Screening Divestment Manufacturing Banking 130

Corporate Knights

AUGUST 13, 2024

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.

Divestment 339

Divestment Sustainable Investment Supply Chains Supply Chain 339

Corporate Knights

JANUARY 26, 2023

It also means cutting off financing for new fossil fuel projects, which HSBC (one of the largest banks in the world) and Lloyds (the largest domestic bank in the U.K.) But as former Bank of England (and Canada) governor Mark Carney has made clear, “the biggest threat to achieving 1.5

Paris Agreement 339

Paris Agreement Banking Divestment Net Zero 339

ESG Today

AUGUST 25, 2022

Claims ESG investors “push a social and political agenda shrouded in secrecy” Investment and finance giants BlackRock, Credit Suisse and UBS are among a list of ten financial companies published by Texas as subject to potential divestment for boycotting energy companies.

Divestment 98

Divestment Net Zero Banking Development 98

3BL Media

DECEMBER 20, 2023

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

Divestment 162

Divestment Academics Analytics Development 162

ESG Today

AUGUST 18, 2024

This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” (..)

Divestment 123

Divestment Banking Sustainable Investment Decarbonize 123

Chris Hall

JUNE 7, 2023

Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.

Divestment 52

Divestment Net Zero Climate Change Banking 52

Corporate Knights

SEPTEMBER 13, 2022

In its NZAM disclosures , BlackRock says it expects its portfolio companies to evolve toward net-zero, which means that it doesn’t need to divest its fossil fuel investments. Banks, investment managers and asset owners all rely on the global system of ESG ratings, which has faced growing criticism. .

Net Zero 274

Net Zero Banking Divestment Ethical Investment 274

Tobias Webb

MARCH 22, 2022

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.

Divestment 72

Divestment Supply Chains Supply Chain Development 72

Chris Hall

MARCH 4, 2022

More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).

Divestment 52

Divestment Supply Chains Supply Chain Value Creation 52

Chris Hall

MARCH 21, 2022

Institutional and wholesale investors are increasingly willing to divest oil and gas firms and other carbon-intensive holdings to meet net zero commitments, according to a new global study. . Divestment appetite . Both institutional and wholesale investors said they expected to increase their divestment of carbon-intensive assets.

Divestment 52

Divestment Net Zero Climate Change Impact Investing 52

Corporate Knights

FEBRUARY 16, 2022

Cement carbon laggards Companies in the cement industry that were divested by NBIM. Deforestation-risk agribusiness producer/trader Company engages in deforestation in South America and Southeast Asia as deemed by Chain Reaction research, Deforestation Free Funds, or was divested from by NBIM. Source: CK) 1. Source: CK) 1.

Net Zero 360

Net Zero Negative Screening Divestment Manufacturing 360

ESG Today

JANUARY 29, 2024

Texas Attorney General Ken Paxton announced that the state has banned UK-based bank Barclays from participating as an underwriter in Texas’ municipal bond market, following the company’s failure to respond to requests for information over its ESG policies.

Net Zero 123

Net Zero Banking Divestment 123

Corporate Knights

FEBRUARY 13, 2024

billion in divestment from banks backing the project and nearly $1.4 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

Development 339

Development Divestment Banking 339

3BL Media

NOVEMBER 7, 2022

KEYWORDS: faith-based investing, affordable housing, Jewish, Faith Traditions, impact investors, justice, compassion, righteousness.,

Divestment 130

Divestment Impact Investing Banking 130

Environmental Finance

FEBRUARY 7, 2024

Norges Bank Investment Management has divested from three companies because of biodiversity risk, as it looks to scale up active engagement on nature-related themes.

Divestment 40

Divestment Banking 40

ESG Today

JUNE 19, 2023

Michael Marks, Head of Investment Stewardship at LGIM, said: “From tackling climate lobbying to incorporating biodiversity risk, our expectations of companies are increasing – insufficient progress represents a systemic challenge which we will continue to challenge through the tools at our disposal, including divestment and voting sanctions.”

Net Zero 101

Net Zero Divestment Banking Shipping 101

3BL Media

MAY 24, 2024

It’s a win-win for the community and the bank. Teaching JA personally has been a refresher on various aspects of good financial choices and the importance of planning, budgeting, saving, and divesting. I wish we had learned this in grade schools growing up but feel fortunate I learned by observing my parents at home and college.

Banking 147

Banking Divestment 147

ESG Today

MARCH 24, 2024

Deutsche Bank Ties Senior Exec Compensation to Loan Book Decarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.

Supply Chains 109

Supply Chains Supply Chain Green Bonds Decarbonize 109

ESG Today

OCTOBER 30, 2024

The four wind farms – Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension – have a total combined capacity of 3.5 billion, renewable energy developer Scout Clean Energy for $1 billion, and of Banks Renewables , one of the UK’s largest independent developers and operators of onshore wind farms for nearly $1 billion.

Divestment 105

Divestment Banking Decarbonize Development 105

ESG Today

MARCH 9, 2023

The post Kansas Anti-ESG Legislation Would Cost Pension Fund $3.6 Billion, According to State Budget Report appeared first on ESG Today.

Divestment 98

Divestment Banking 98

3BL Media

FEBRUARY 22, 2022

As a member of the Executive Committee, Gwenaelle will preside over developing and deploying strategic, sustainability and quality & customer satisfaction initiatives, while steering all mergers, acquisitions and divestment activities globally. as a consultant.

Digital Transformation 130

Digital Transformation Digitalization Divestment Climate Change 130

ESG Today

FEBRUARY 27, 2023

The post Wyoming Joins List of States Rejecting Anti-ESG Measures appeared first on ESG Today.

Divestment 140

Divestment Banking Manufacturing 140

Chris Hall

FEBRUARY 22, 2024

trillion in AUM that called out five European banks – Barclays, BNP Paribas, Crédit Agricole, Société Générale and Deutsche Bank – for their continued funding of fossil fuel expansion. AkademikerPension recently divested from all fossil fuel companies in its portfolio.

Divestment 81

Divestment Value Creation Net Zero Banking 81

Corporate Knights

FEBRUARY 20, 2025

In 2016, we created the Clean200 in response to investors saying, If we divest fossil fuels, there is nothing to invest in, says Andrew Behar, CEO of As You Sow and co-author of the Carbon Clean 200 report that accompanies the ranking. They include sustainably certified tech hardware, electric vehicles and electric rail equipment.

Global Economy 283

Global Economy Manufacturing Divestment Negative Screening 283

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. They can also divest from high-emitting industries such as thermal coal production. trillion USD in fossil fuels.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

Chris Hall

FEBRUARY 16, 2024

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.

Banking 80

Banking Divestment Net Zero Academics 80

ESG Today

MARCH 20, 2024

Texas has been one of the most active states at the forefront of anti-ESG initiatives, with recent actions including banning UK bank Barclays from the municipal bond market over its ESG policies, creating a list of asset managers for potential divestment for allegedly boycotting energy companies, as well as conducting a hearing grilling executives (..)

Divestment 134

Divestment Decarbonize Banking 134

B the Change

APRIL 3, 2023

When environmental regulations, such as the NAAQS, come into effect, investors know it means their companies will take a hit — so, they divest. I found no difference in divestment behaviour between ESG mutual funds and more traditional funds. Inflation Reduction Act (IRA) provides $27 billion for creating “green banks” nationwide.

Divestment 98

Divestment Climate Change Banking 98

ESG Today

DECEMBER 7, 2022

Several Vanguard funds were included in a list of funds subject to potential divestment by Texas Comptroller Glenn Hegar, based on criteria that included having a commitment to climate-focused groups such as the Net Zero Banking Alliance or Net Zero Asset Managers Initiative.

Net Zero 128

Net Zero Decarbonize Divestment Banking 128

Chris Hall

OCTOBER 31, 2022

Immediately divesting from companies with a poor ESG-related track record isn’t always the answer to ensuring a just transition. This panel will look at how active engagement can contribute to transition efforts globally, and, in instances where it fails, how divestment should be a last resort.

Divestment 52

Divestment CDP Sustainable Investment Banking 52