Corporate Knights

FEBRUARY 16, 2022

Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainable investments have now reached $4 trillion. Cement carbon laggards Companies in the cement industry that were divested by NBIM.

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Net Zero Negative Screening Divestment Manufacturing 360

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.

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Supply Chain Supply Chains Green Bonds Decarbonize 110

Jon Hale

JANUARY 28, 2022

End of Week Notes It’s not a “craze” and sustainable investors aren’t naive I suppose it’s a sign of success when The Wall Street Journal sees fit to launch a weeklong critique of sustainable investing. Instead, it’s turning toward stakeholder capitalism, which is supported and enabled by sustainable investing.

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Sustainable Investment Climate Change Academics Divestment 52

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. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

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Net Zero Divestment Banking Stranded Assets 113

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.

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Divestment CDP Sustainable Investment Banking 52

Chris Hall

APRIL 1, 2022

The fund was previously under pressure to divest from carbon-intensive oil and gas companies but, like other asset owners, CalSTRS is choosing to engage, with divestment serving as a last resort. . Norges Bank Investment Management (NBIM), which manages Norway’s US$1.1 As of 31 May, 2021, CalSTRS manages US$306.7

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Divestment Net Zero Climate Change Sustainable Investment 52

3BL Media

JANUARY 11, 2023

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.

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Supply Chains Supply Chain Paris Agreement Divestment 130

Chris Hall

MAY 31, 2024

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. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

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Divestment Net Zero Climate Change COP26 81

Chris Hall

JUNE 14, 2024

The stated purpose of the hearings was to decide whether current laws are sufficient to “deter anti-competitive collusion” to promote ESG-related goals in the investment industry. Even so, the hearings could be contributing to rising outflows from sustainable investment vehicles, with investor behaviour in the US diverging from elsewhere.

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Paris Agreement Sustainable Investment Climate Change Divestment 78

Edouard Stenger

MAY 24, 2017

As more and more institutions and people are divesting from fossil fuels globally, climate responsible finance is booming. 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. City bonds are mostly AA.

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Green Bonds Climate Change Banking Divestment 52

Chris Hall

OCTOBER 7, 2022

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.

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Negative Screening Divestment Supply Chains Supply Chain 52

Chris Hall

JUNE 13, 2024

With competition around sustainable investing heating up globally, the UK government to ensure the country remains attractive – particularly at a time when green pledges have been rolled back by the incumbent administration, driving potential scores of investors away.

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Net Zero Divestment Supply Chains Supply Chain 89

Chris Hall

NOVEMBER 4, 2022

In particular, many states have enacted laws or other policies requiring state entities to integrate sustainability factors into their investment policies, processes and decisions. For instance, Illinois enacted the Illinois Sustainable Investing Act in 2019. Legislators in New Jersey have introduced a similar bill.

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Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

APRIL 29, 2022

All were quick to acknowledge the progress made since the last time such sustainable investment get-togethers were done face to face. To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions.

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Net Zero Divestment Sustainable Investment Banking 52

Chris Hall

APRIL 19, 2024

The resources included deep-dive guidelines for seven sectors – including asset owners, asset managers and banks; high-level guidance for 30 sectors of the global economy; and advice on how to undertake a transition planning cycle.

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Net Zero Paris Agreement Climate Change Banking 81

Chris Hall

OCTOBER 4, 2024

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. The International Energy Agency estimates that US$1 trillion a year to 2050 will need to be spent in developing economies to achieve net-zero GHG emissions.

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Development Divestment Net Zero Greenwashing 89

Jon Hale

DECEMBER 2, 2022

billion in long-term fixed-income securities and $600 million in overnight cash investments managed by BlackRock because of the firm’s commitment to sustainable investing. Part of the broader Republican anti-ESG narrative is that “ESG” is out to destroy the fossil-fuel industry.

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Climate Change Sustainable Investment Divestment Banking 52

Chris Hall

APRIL 6, 2022

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. .

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Divestment Banking Digitalization Supply Chains 52

Chris Hall

NOVEMBER 9, 2022

For investors, engaging with investee corporates in the transition process has replaced the blunt tool of divestment as a means of decarbonising portfolios. “But to actually implement it, we need to have methodologies in place and a change in approach.”. Engagement ring. There are choices,” said Cabanis.

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Net Zero COP26 Banking Climate Change 52

Chris Hall

MARCH 9, 2022

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. . “In

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Supply Chains Supply Chain Net Zero Divestment 52

GreenBiz

JANUARY 25, 2021

For asset managers, corporate climate performance should strongly inform investment stewardship, proxy voting and fund construction. For banks, climate benchmarks should influence loan eligibility, interest rates and debt covenants. To advance their climate commitments, investors should pair metrics with accountability.

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Net Zero Divestment Decarbonize Banking 478

Corporate Knights

OCTOBER 25, 2024

Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community. Studies have shown that divesting really works, both to cause the stock prices of climate-damaging stocks to fall and to create additional financial value.

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Divestment Net Zero Decarbonize Paris Agreement 313

Chris Hall

JANUARY 3, 2024

Paul Lee, Head of Stewardship and Sustainable Investment Strategy at investment consultancy Redington, says concerns that fiduciary duty may constrain investor action on climate change or indeed ESG risks more broadly are overstated. “If

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Net Zero Paris Agreement Stranded Assets Climate Change 72

Chris Hall

MAY 17, 2023

However, as institutional investors, academics, NGOs, investor networks and data providers congregated in London last week for ESG Investor ’s inaugural Stewardship Summit , it became clear that many asset owners lack the resources necessary to fulfil their engagement ambitions.

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Stewardship Code Net Zero Paris Agreement Divestment 52

Chris Hall

MARCH 13, 2024

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 such, some investors have drawn a line in the sand.

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Divestment Banking Sustainable Investment Manufacturing 139

Chris Hall

AUGUST 8, 2024

The regulatory fatigue is palpable among asset managers,” Hortense Bioy, Head of Sustainable Investing at Morningstar Sustainalytics, told ESG Investor. Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said.

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Greenwashing Sustainable Investment Divestment Banking 64

Chris Hall

AUGUST 8, 2024

The regulatory fatigue is palpable among asset managers,” Hortense Bioy, Head of Sustainable Investing at Morningstar Sustainalytics, told ESG Investor. Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said.

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Greenwashing Sustainable Investment Divestment Banking 52

Chris Hall

MARCH 11, 2025

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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Ethical Investment Divestment Manufacturing Sustainable Investment 52

Corporate Knights

APRIL 8, 2025

Is Tesla a responsible investment? Last Wednesday, Toronto-based sustainable investment adviser Tim Nash held a webinar to answer the number one question he says hes been getting from his clients: how to divest from Tesla? XUSR doesnt screen for financed emissions, so Canadian banks are included.

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Divestment Sustainable Investment Climate Change Decarbonize 263