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In addition, the Clean200 excludes weapons companies, including major military arms manufacturers found on the Stockholm International Peace Research Institute (SIPRI) Top 100 arms-producing and military services list, as well as cluster munitions, nuclear weapons, and civilian firearm manufacturers screened on As You Sows Weapon Free Funds.
In addition, the Clean200 excludes weapons companies, including major military arms manufacturers found on the Stockholm International Peace Research Institute (SIPRI) Top 100 arms-producing and military services list, as well as cluster munitions, nuclear weapons, and civilian firearm manufacturers screened on As You Sows Weapon Free Funds.
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.
In addition, the Clean200 excludes weapons companies, including major military arms manufacturers found on the SIPRI Top 100 arms-producing and military services list, as well as cluster munitions, nuclear weapons, and civilian firearm manufacturers screened on As You Sow ’s Weapon Free Funds. Source: CK) 1. Source: CK) 1.
Key findings include: The top 10 companies on the list by revenue include Apple, Contemporary Amperex Technology, Microsoft, Tesla, Taiwan Semiconductor Manufacturing Co. and Volkswagen. They include sustainably certified tech hardware, electric vehicles and electric rail equipment.
More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. A clothing manufacturer in a developed market will be subject to more stringent requirements for environmental performance and labour rights than one in an emerging market,” it noted.
The proposals were voted down by the Wyoming House of Representatives Appropriation Committee, which unanimously recommended not passing both bills. The post Wyoming Joins List of States Rejecting Anti-ESG Measures appeared first on ESG Today.
This included goods made outside the EU using forced labour, as well as products manufactured in the EU containing parts from forced labour abroad. More than six million people in forced labour engaged in industrial sectors, including mining and quarrying, manufacturing, construction and utilities. million in 2016.
This included goods made outside the EU using forced labour, as well as products manufactured in the EU containing parts from forced labour abroad. More than 6 million people in forced labour engaged in industry sector activities, including mining and quarrying, manufacturing, construction and utilities. million in 2016.
The price signal from the biggest market in term of traded value, the European Union, will be muted as lawmakers eye carbon as a piggy bank to fund the bloc’s shift from Russian gas. The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the Paris Agreement.
Ahead of next week’s IMF and World Bank annual meetings, ex-White House advisor Lawrence Summers called for a “reinvented” World Bank that would prioritise sustainability, supporting global public goods such as climate adaptation , partly via expanded partnership with the private sector. Will their auditors be next to blow the whistle?
It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt. In July, Inditex pledged a “phased and responsible” exit from the region under military rule.
He cited the IRA as an example of a government initiative having successfully triggered a manufacturing and investment renaissance. It’s not going to be a problem for banks and large corporates to commit to net zero, but SMEs will need support to deliver on their promises.”
Not the end of the road – Chinese-owned automobile manufacturer Volvo said it would not be able to honour its 2021 pledge to phase-out fossil-fuelled cars beyond 2030. A selection of the major stories impacting ESG investors, in five easy pieces. The road to a just transition proved more than a little bumpy this week.
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.
However, only about US$150 billion has been earmarked on the balance sheets of sovereigns or multilateral banks to address this issue – resulting in a US$850 billion annual financing gap. He reported that many original equipment manufacturers want to be more vertically integrated.
Oil and gas major Shell is under increasing pressure ahead of its annual general meeting (AGM) on 23 May, with asset owners like PGGM and the Church of England Pensions Board announcing their support for a shareholder proposal calling for the company to align its Scope 3 emissions target with the Paris Agreement. Car manufacturer Toyota is facing (..)
To divest or not to divest? Another is establishing the liquidity levels of those investments which enable rapid divestment. Many began the divestment process because of evidence of systematic human rights abuses and corruption led from the very top. Sweden-based Private Bank J. billion (£2.3 billion (£2.3
Norway-based asset manager Storebrand recently excluded First International Bank of Israel for its involvement in the Occupied Palestinian Territory, while a number of major European banks and pension funds divested from Israeli weapons manufacturer Elbit.
As COVID came to dominate 2020, she helped donate more than 600,000 meals and 100,000 pounds of packaging to food banks. 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.
Burning coal emits twice as much carbon dioxide as natural gas and up to 50 times more than solar and wind in their entire lifecycles (manufacturing and recycling included). Now, installing new wind turbines or solar farms is cheaper than keeping coal fired plants, as per the investment bank Lazard. A moral imperative.
Doing less evil sustainable funds did a great job of tracking overall returns, despite horrible things like weapons manufacturers and for-profit prisons getting a bump from Trumps win late in the year, says Tim Nash, the founder of Good Investing, in an email. The energy sector didnt do any favours for sustainable investors in 2024, however.
Opinion | Republicans Can Stop ESG Political Bias In Pence’s MAGA view of the world, “leftists” have “manufactured” this whole ESG thing, somehow convincing the world’s largest asset managers to go along, “to destroy public companies from within.” “A Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?—
Morgan Stanley, along with Bank of America and Citigroup, has agreed to deeper disclosure.) And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. Morgan Stanley offered its own twist with a promise to reach "net-zero financed emissions" by the critical 2050 timeframe.
The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. Student divestment movements have succeeded in removing fossil fuels from a number of universities in 2021.
Sectoral sanctions could be expanded to cover additional transactions within these three sectors or they could target other industries, such as commodities (beyond oil and gas) or manufacturing. These sanctions could also be deployed in tandem with list-based sanctions. Sovereign Debt Restrictions U.S.
When European Commission (EC) President Ursula von der Leyen unveiled a new defence investment plan, she explicitly highlighted the role of banks and investors. The investor] should engage the company on such impacts and divest if they do not see material impacts being appropriately managed. of GDP to 2.5%
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