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Divestment from fossil fuels is accelerating around the world. While this may shuffle assets off one company’s books, the world’s carbon emissions keep climbing, risking our safety, security and economic well-being. It’s hard for an oil giant to ignore: in 2021, Shell labelled fossil fuel divestment campaigns a “material risk.”
I first met Moira Hutchinson in 1987 when I was working on the first of my series of books on responsible investment. EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. At that time, most anti-apartheid activists outside of the churches gave their attention to divestment strategies.
After INSEAD, I joined a London marketing/brand strategy consultancy and worked for their Shanghai office where I helped write a book on Chinese brands in the early 2000s when China was just opening up. The year in France really opened up the world to me and made me much more intellectually curious.
His commitment to fostering the establishment of businesses capable of improving the lives of all is outlined in his book, Net Positive : How Courageous Companies Thrive by Giving More Than They Take.
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.
About 10 years ago, a very thick book written by a French economist became a surprising bestseller. The book’s insights struck a chord with people who felt a growing sense of economic inequality but didn’t have the data to back it up. It was called “Capital in the 21st Century.”
First, there may be divestment by a significant number of investors, which decide they no longer want to take the environmental risk on an individual company. Alternatively, investors may start to anticipate future divestment, which could impact the price.
Challenge 4: Engagement and divestment Speaking of stewardship, passive ESG equity managers have been criticised over the years for their lack of meaningful engagement with portfolio companies. We now see certain examples where managers of passive ESG equity strategies are demonstrating a willingness to ‘close the book’.
As such, sustainable investors have what we call style tilts, or a high concentration in the growth investment style, in their public equity books,” said Byrns. It found that this portion totalled only about 10%, which means 90% sit in either the growth or core investment styles. “As
Do they divest so the poorly performing assets are no longer on their books? There are “better and better tools” to help investors measure the energy efficiency and decarbonisation of their real estate assets, said WBCSD’s Hunziker, but it is difficult for investors to know how to act on the data. . “Do Hunziker said. .
From companies looking to select cleaner manufacturing suppliers, to investors seeking to divest from polluting industries, to consumers making choices about which businesses to patronize, one thing is clear: a reliable way to measure where emissions are coming from is necessary," they wrote. Didn’t you hear the scientists?
The CDPQ divested from the oil sector five years ago and reinvested the funds in clean energy, a move that has generated an 18% annual return. “We But banks, Scott points out, have relatively short-term lending horizons: “They don’t see past a few quarters when it comes to allocating their loan books.”
Additionally, businesses across all sectors can be in a state of disruption at any time due to operational changes in process or technology, corporate changes from mergers or divestments and global changes from politicians and trade wars. For these reasons and more, mainstreaming conservation into corporate operations can be challenging.
When you’ve followed the evolving research of a leading clean energy expert and become a supporter of his vision for a global clean energy transition, it should come as no surprise that I was eager to crack open Mark Jacobson’s 2021 book release, 100% Clean, Renewable Energy and Storage for Everything.
Note that any divestment or transfer of covered debt or equity must be to a non-U.S. As with General License 9A, any divestment or transfer must be to a non-U.S. This General License also does not authorize any debit to an account on the books of a U.S. 14024, until June 24, 2022. financial institution of any Directive 4 entity.
The UK is in a bit of a bubble with health initiatives, compared with the United States—we have the NHS, which is a public health system, whereas, as pointed out in Michael Lewis’s searing book on the pandemic, The Premonition , the United States. Companies need to understand that good health is good business.
University activists are increasingly citing the oil and gas industry’s targeting of kids in the classroom as another reason to divest from fossil fuels. One of the most creative efforts involves a comic book character named Petro Pete that encourages children in Oklahoma to fear life without oil and gas. The divestment solution.
Additionally, divestment campaigns and the fear of stranded assets have become each new year more pressing. Let us hope similar plans emerge around the world, thus relegating oil and coal to the history books.
Why Did Companies Take So Long to Divest from White Supremacy? —?—?—?—?— A conversation between Anand Giridharadas and David Gelles, author of a new book, The Man Who Broke Capitalism, about Jack Welch and how he ran GE as the epitome of the shareholder primacy view of capitalism.
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