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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 supplychain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation.
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.
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
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).
Research finds negligible decline in state-imposed forced labour despite regulation, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. million people – many of whom are from the Uyghur ethnic minority – in detention camps, prisons, and factories linked to the solar energy supplychain.
Research finds negligible decline in state-forced labour despite regulatory efforts, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. million people – many of whom are from the Uyghur ethnic minority – in detention camps, prisons, and factories linked to the solar supplychain.
In short, companies should deploy holistic frameworks of operational and supplychain due diligence, to meet increasing regulatory scrutiny and maintain their social licence to operate.” She continues that companies should have clear policies and proactively assess the potential adverse impacts of their operations on people and the planet.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains 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.
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 supplychain. Investments from the community can be made in a way that benefits everybody.
Then we can create the trade relationships that will underpin international supplychains for these new industries.” 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.” It would also create supplychains that can support the wider economy.
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?
In the agricultural commodities sector, companies must commit to adopting climate-smart approaches at scale, both on and off-farm, including the elimination of deforestation from supplychains. Oil and gas- divest or engage? Current trends point to significant GHG emission increases. Aaron Maltais concludes.
Large institutional investors such as Norges Bank Investment Management, Storebrand, Nest and the Church of England Pensions Board have announced exits from Russian investments, while many Western corporates have shuttered operations, McDonalds and Coca-Cola among the latest. . “Any How are companies replacing those business ties?”?
In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2
Whether that be a person’s commitment to environmental protection, fair labor practices or supplychain transparency, consumers are voting with their wallets in a bid to support responsible business ethics. For starters, you can conduct research on what type of investments your bank holds.
Meanwhile in the asset management sector, Legal & General Investment Management said it would divest from Russian sovereign debt and the manager has reduced total exposure to 0.1% of AUM or £1.3 billion. . of AUM. .
Angelini manages the sustainability aspects of both Timberland’s partnership with Other Half Processing to build a more responsible leather supplychain, and its partnership with Terra Genesis International to build the world’s first regenerative rubber supply system for footwear.
Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supplychain. JBS is widely regarded as an ESG pariah.
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. These measures will, the mainstream logic goes, eventually cripple Russia, and force a volte face in her policy to Ukraine.
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.
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. Celsius mindset to supplychains. The intention is to align its portfolio with the goals of the Paris Agreement.
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.
Ceres CEO Mindy Lubber opened her testimony asserting: “Climate change, water scarcity and pollution, and nature loss … pose material financial risks to investment portfolios, business operations and supplychains, thus to the long-term stability of our markets and the economy.”
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.
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