Remove Decarbonize Remove Divestment Remove Paris Agreement
article thumbnail

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. As with the financial divestment movement, there is a valid debate about whether engagement with high-carbon firms that are working to reduce their emissions is more effective than simply severing ties. Michael Holder. Mon, 11/30/2020 - 01:00.

article thumbnail

The biggest carbon losers

Corporate Knights

This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. 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. Other (9%).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Dutch Pension Giant PFZW Divests 98% of Oil and Gas Companies over Lack of Climate Action

ESG Today

Netherlands-based PFZW, one of the largest pension funds in Europe, announced that it has exited its investment in over 300 fossil fuel companies, including Shell, BP and TotalEnergies, over a lack of convincing decarbonization plans, with only seven remaining in its portfolio. billion of securities.

article thumbnail

The Future of Climate Investing

3BL Media

Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. They need to showcase they are having a positive impact on the climate as well,” said Free.

Net Zero 130
article thumbnail

The 10 Big Things To Watch Across World’s Energy Markets in 2023

3BL Media

Most of this new capacity will be directed toward decarbonizing industrial emitters such as cement and petrochemicals, and the power sector. 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. The divestment movement will wane.

article thumbnail

Achieving Net Zero: The Engagement Response we Urgently Need

Chris Hall

To drive alignment in portfolios – including achieving economy-wide decarbonization and a just transition – an investment strategy should prioritise engagement and stewardship and direct management (where relevant), particularly for existing assets. Paris Aligned Investment Initiative. Mitigation strategies incl.

article thumbnail

Four key lessons from the world’s top responsible investors

Corporate Knights

Engagement and divestment both have a role to play The engagement versus divestment debate has been ongoing in the investor community. That is, by showing up to shareholder meetings and trying to steer portfolio companies toward decarbonization. Companies need transition plans that show capital-expenditure alignment with 1.5°C