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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).
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.
He said in a statement that the outcome of the company’s AGM showed that rules and valuecreation matter most. A stronger possibility is that more investors choose to divest from Exxon, following continued examples of climate denial and obfuscating.
Many ESG issues can be material to a company’s core strategy and long-term valuecreation. billion in AuM – informed Kentucky State Treasurer Allison Ball and Attorney General Daniel Cameron that it would not divest, as instructed, from asset managers, including BlackRock, as it would violate its fiduciary duty.
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