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Colorado pension fund loses US$2.7 billion by not divesting from fossil fuels

Corporate Knights

Divesting from fossil fuels isn’t just good for the planet. billion in returns over the last 10 years by not divesting from fossil fuels. And in 2018, Ireland became the first country to divest its national investment fund completely from fossil fuel companies. It can be good for financial returns, too.

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Four key lessons from the world’s top responsible investors

Corporate Knights

Even if such disclosures are voluntary from a regulatory perspective, the information is critical for asset managers, especially now that they need to report their own portfolio emissions on ESG-labelled funds. That is, by showing up to shareholder meetings and trying to steer portfolio companies toward decarbonization.

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Report: Meet the top 200 companies investing in a clean energy future

Corporate Knights

for more information. Information Technology 48. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Prisons Company is recommended for divestment by the Investigate project of the American Friends Service Committee. 1 Apple Inc United States Information Technology. Industrials 57.

Net Zero 360
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Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

Over time, TCCR and other NGOs pressed for maximizing the access of shareholders and other stakeholders to information, shifting the emphasis from corporate responsibility to social accountability. The role of investors in improving access to verifiable information is also critical. Both divestment and shareholder action have a role.

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Singapore Central Bank Guides Investors, Banks to Avoid Divestment Approach to Net Zero

ESG Today

MAS Managing Director Ravi Menon said: “Indiscriminate divestment from carbon-intensive activities will not get us to a net-zero world. According to MAS, withdrawing financing, insurance or investment from higher climate risk-exposed companies with credible transition plans could deprive them of the financing needed to decarbonize.

Net Zero 112
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Why this investor advocate quit filing oil and gas shareholder proposals

Corporate Knights

Nearly all of these major investors say that they are “engaging” with high-carbon investees in their portfolios in order to advance net-zero, setting this up as a binary choice against divestment. In this way, engagement and divestment are not binary choices but complementary steps along a continuum, designed to be effective.

Net Zero 221
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Clean 200 list shows sustainable companies on path to dominate global economy

Corporate Knights

The industrial sector accounts for 52 companies on the list , followed by information technology (32), and consumer discretionary and materials (29 each). . $10,000 invested in the Clean200 on July 1, 2016, would have grown to $29,090 by January 29, 2025 , versus $17,670 for the MSCI ACWI/Energy benchmark for fossil fuel.