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The data set is developed through assessment of a companys revenue that aligns with the definitions laid out in the Corporate Knights Sustainable Economy Taxonomy, primarily sourced from Corporate Knights research. The current list has been updated with data through January 29, 2025.
The data set is developed through assessment of a companys revenue that aligns with the definitions laid out in the Corporate Knights Sustainable Economy Taxonomy, primarily sourced from Corporate Knights research. The current list has been updated with data through January 29, 2025.
They represented an improvement over when corporate responsibility was measured only in the limited terms of charitable contributions or a corporation’s own definitions of “best practice.” . EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. What are your thoughts on that?
Timing and influencing the market are vital considerations for asset owners when divesting ESG assets. Since the success of the South African apartheid divestment campaign in the 1980s, investors must contend with similar pressure on other ESG issues, such as the growth of campaigns encouraging them to exit fossil fuels or tobacco.
DESCRIPTION: LEVERKUSEN, Germany, March 10, 2022 /3BL Media/ – Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer’s Environmental Science Professional business for a purchase price of 2.6 Bayer had announced its decision to divest the business in February 2021. billion U.S. dollars (2.4
In 2016, we created the Clean200 in response to investors saying, If we divest fossil fuels, there is nothing to invest in, says Andrew Behar, CEO of As You Sow and co-author of the Carbon Clean 200 report that accompanies the ranking. They include sustainably certified tech hardware, electric vehicles and electric rail equipment.
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” The data set is developed through assessment of a company’s revenue that aligns with the definitions laid out in the Corporate Knights Sustainable Economy Taxonomy , sourced from Corporate Knights research.
Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.
company selection, additional investment, divestment, and exit) and can surface opportunities and risks affecting the well-being of portfolio companies’ stakeholders—which may affect a portfolio company’s financial performance. The assessment also informs portfolio decisions (i.e.
To divest from carbon-intensive firms without understanding their future plans, she warned, risked a “paper decarbonisation”, rather than real reductions in carbon emissions. While negative externalities were once regarded as an inherent feature of capitalism, it’s time to put “ impact at the core”, Howarth said.
In theory, the opportunity set is vast, meaning asset owners are often in need of definitions and frameworks to guide them from the reducing negative to accentuating the positive. You have to go back to the true definition based on intentionality, additionality and measurability. Vast opportunities. Impact through stewardship.
Managers also reported applying fossil fuel divestment screens across US$1.2 Under US SIF Foundation’s definition, ESG incorporation encompasses a range of strategies including ESG integration, positive screening, negative screening, impact investing and sustainability-themed investing. trillion in assets under management.
A unifying viewpoint among sustainable investors globally is that more sustainable businesses are also more valuable, almost by definition,” he said. A second differentiator from many other ‘green’ funds is the source of alpha. “A
Yet to claim to be on track as a pension fund or an insurance company is to deny the obvious that the fund may be clean under your own definitions, but the structural problems have not yet been addressed. IPR forecasts the OECD to reach its net zero targets by 2050.
For existing investments, UPP is prioritising active engagement over divestment, partly due to the complexity of the challenges facing firms in different sectors. . Multi-pronged climate engagement . It’s not just the supply side that needs to decarbonise, but the demand side, too.
It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt.
Regulatory updates and lack of clarity on the definition of “sustainable investment” have left some fund managers hesitant to pursue Article 9 funds. This resulted in concerns over greenwashing accusations and uncertainty surrounding the interpretation of sustainable investments.
It confirms the material importance of divesting from fossil fuels and decarbonising real estate.” . As part of the Ff55, the Commission introduced a new definition of ‘zero-emission buildings’ and refined existing definitions, such as ‘nearly-zero energy building’. .
Large institutional investors have taken divergent approaches to managing the climate risks in their portfolios, with some pension funds divesting fossil fuel holdings. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.
System-level social risks should definitely be on the agenda; those social risks that threaten social and economic systems and well-functioning financial markets. “Trustees will naturally be looking at the big picture,” says Dan Neale, Social Themes Lead for the Church Commissioners for England, which manages more than £9 billion in assets.
It could also accelerate the nascent shift toward a broader definition of stewardship, as well as a possible rethink around the obligations of fiduciary duty. All this suggests 2024 will prove a difficult and perhaps pivotal year for asset owners looking to make headway on their net zero commitments.
Divestment is different from ESG, which is different from impact investing. Thankfully, we now have a partnership between the CFA (Chartered Financial Analyst) Institute, the UN Principles for Responsible Investment and the Global Sustainable Investment Alliance to harmonize definitions of sustainable investment approaches.
She argued that because there is no standardized definition for sustainable investment, it is harder to determine which ESG initiatives are causing a net change for the good. Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets. said Free.
Energy stocks lagged in 2024, which benefitedinvestors who have divested from fossil fuels. Yows research team takes a mostly quantitative approach, whereas other research providers use more qualitative definitions, so subjectivity can get into the investment, he says.
It definitely makes the landscape harder for them to engage on ESG topics, says James Moore, Partner at UK-based investment consultants LCP. Large index providers have made an extensive investment in stewardship; the sheer breadth and nature of their holdings means divestment and exclusion are less of an option.
In June that year Texas Republican Governor Greg Abbott signed into state law one of the country’s first pieces of anti-ESG legislation, requiring state entities – including pension funds – to divest from companies that boycotted fossil fuel and firearms. Since then, anti-ESG legislation has become a craze among Republican-controlled states.
Outcomes from ExxonMobil will be slightly better because of this, and as they are one of the largest greenhouse gas producers in the world, that's definitely positive. A much better action for BlackRock would have been to very publicly divest their 6.7% ownership position of ExxonMobil entirely.
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