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The document called for more study of global warming, “as a result of which glaciers and the polar caps recede, surfaces of lakes are reduced and ocean temperatures rise.” Divest now for tomorrow For insurance companies that are big institutional investors, that has also meant divesting their holdings in oil, gas and coal projects.
The mere existence of these documents, and the campaigns behind some of them, represent another broadening of the conversation, a clarion call for nontraditional business players to lead, or at least not hinder, efforts to address the climate crisis.
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.
RELATED: How student campaigners finally convinced NYU to divest from fossil fuels How Big Oil's spin doctors are influencing influencers Are green conservatives the key to solving the climate crisis? The researchers also surfaced confidential documents that prove that businesses work deliberately to alter academic outcomes.
On data quality, we see a great opportunity for sellers and sell-side advisors to drive value from divestments by commissioning higher-quality ESG vendor documentation. On scoping, it is becoming increasingly clear which topics should indeed be part of an ESG due diligence workstream, with the focus moving from values to value.
Data quality can also improve as sellers and sell-side advisors drive value from divestments with higher quality ESG vendor documentation. Investors continue to struggle with selecting a meaningful, yet actionable scope, to conduct ESG due diligence with receiving quality data from target companies and quantifying potential findings.
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.
Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances.
They can also serve as safeguards to verify that the reduction of emissions in their portfolios corresponds to actual emissions reductions in the real world, rather than being achieved solely through divestment from high-emitting assets.
PIRC’s tax expectation document directs companies to comply with the spirit and letter of the law and commit to paying taxes where profits are earned. They should publish country-by-country reporting of tax and financial information, in line with international standards, such as the GRI Tax Standard.
The transaction includes the divestment of Bayer’s West Sacramento Biologics Research & Development site, and its internal discovery and lead optimization platform. Securities and Exchange Commission (the "SEC") on August 15, 2022 and other documents filed by Ginkgo from time to time with the SEC.
For example, an asset manager may have a limited carbon footprint and can appear to be on track to net zero by divesting its high-carbon assets, however such action is effectively passing the problem onto someone else. At the end of its formal mandate, the taskforce plans to publish a document setting out a forward pathway.
Like Darwin’s early journals documenting his groundbreaking evolutionary observations, the 2009 report was attacked as a folly by entrenched businesses leaders and scientists-for-hire. The fossil fuel divestment movement led by Bill McKibben’s 350.org Companion Report. Momentum for a clean energy transition is growing.
IPCC Chair Hoesung Lee said it would become “a fundamental policy document for shaping climate action in the remainder of this pivotal decade”. Given its economy’s heavy reliance on extractive industries, it’s unsurprising that Canada’s draft taxonomy should offer cover to asset owners preferring engagement to divestment.
“Reducing energy consumption through higher efficiency is a vital component of the clean energy transition which increases the resilience of the EU economy and shields its competitiveness against high fossil fuel prices,” the European Commission noted in a communication document. .
Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. dollar, (18) changes in tax laws or U.S.
Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. dollar, (18) changes in tax laws or U.S.
Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. dollar, (18) changes in tax laws or U.S.
Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. dollar, (18) changes in tax laws or U.S.
warning them about the advice they provide to clients regarding ESG initiatives, and advising them to preserve documents related to clients’ ESG practices in preparation for planned activities in Congress to investigate ESG-related antitrust violations.
While most of the funds’ documentation analysed explicitly cite exclusions relating to fossil fuels and controversial weapons, none outright exclude companies linked to deforestation in their screening process. JBS is widely regarded as an ESG pariah.
anti-ESG push has seen Florida pull $2 billion in assets from BlackRock’s management, placed on a list of ESG-supporting asset managers subject to potential divestment by Texas, and subject to accusations of “boycotting” energy companies by 19 state Attorneys General.
This can be far easier at the commodities level than at the company level, which often degenerates into a complex jurisdictional or commodity divestment discussion that shuts doors rather than opens them. Divestment hasn’t worked as a theory of change and for large investors never could work once Scope 3 emissions were accounted for.
This may be tested soon, given the AGs also demanded documents relating to the insurers’ membership of the Net Zero Asset Owner Alliance , to which several major insurers also belong. End of the line? – Phoenix Group, the new CA100+ Shell co-lead, is not walking way, but neither is it pinning its hopes on a rapid response.
Six Republican representatives wrote to investor network Ceres and pension fund CalPERS, demanding documentation about their collaborative activities, having identified them as US agents of a globalist plot to save the world from CO2. But many investors know they must look beyond their portfolios too.
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. The divestment solution. Divestment is an increasingly popular approach to combating the fossil fuel industry’s influence. The case for divestment is persuasive.
Last February, four student activists at Manhattan’s New York University got the meeting they’d been waiting for: a chance to tell the school’s board of trustees why the university should divest the fossil fuel stocks in its US$5-billion endowment. It was a big win. and Canada in September.
Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said. The expected removal of Article 8 and Article 9 from the disclosure regime and the creation of new sustainability categories herald a complete reshaping of the EU’s ESG fund market, Bioy argued.
Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said. The expected removal of Article 8 and Article 9 from the disclosure regime and the creation of new sustainability categories herald a complete reshaping of the EU’s ESG fund market, Bioy argued.
The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2 trillion in assets, have committed to divest. Student divestment movements have succeeded in removing fossil fuels from a number of universities in 2021.
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