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But 40% of the reductions came from divesting, or selling off, dirty assets, which from the atmosphere’s perspective is akin to rearranging deck chairs on the Titanic. Divestments (8%). 0.124 Retirements and divestments (100%). Divestments (25%). 4 BP PLC Oil & Gas 35,600,000 32,600,000 -0.48 -0.583 Divestments (87%).
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.
SASB, GRI, CDP) with new findings and communicate the value of resilience and sustainability to your stakeholders early on and future-proof your sustainability reporting against future SEC regulations. This step will help you identify the riskiest physical locations and products to divest from and access public incentives.
CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. They can also divest from high-emitting industries such as thermal coal production. While the process is complex, the pay-offs are considerable.
For ESG-aware investors, this paucity of solid information leads to questions over whether they should they wait for information flows to improve, pinning hope on further action from regulators or legislators, or divest their holdings to avoid uncertainty over the climate risks in their portfolios. They have to make that decision themselves.
Negash calls the work groundbreaking, and especially important for GEPF, as it can’t divest from specific sectors easily, given that its investment universe is quite small compared to its global peers.
Diversification or divestment are not realistic options. As leaders of the Group of 20 met in India in early September, environmental disclosure platform CDP chastised the world’s largest economies for failing to take meaningful action on mandating nature-related disclosures, in line with Target 15 of the Global Biodiversity Framework.
In its recent report on environmental disclosures by firms in Southeast Asia, covering climate, water and deforestation, disclosure platform CDP found a 25% increase in forest-related disclosures, with growth rates in the region outstripping global trends. You have to bear that in mind when considering your investment decisions,” she said.
In the absence of mandated reporting, Australian investor networks – CDP, IGCC and the Principles for Responsible Investment – are taking matters into their own hands, releasing a plan of the steps financial regulators and the Australian government can take to adopt mandatory financial disclosure for climate change risks.
Million Exec Moves Caterpillar Appoints George Moubayed as Chief Sustainability Officer Reports, Surveys & Studies Climate Tech Investment Falls in Tough Market, But Hits Record Share of VC and PE Funding: PwC 80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA
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