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The good news for our species is that the forces of pride and profit have shifted to support the emerging regenerative economy based on justice and sustainability, leaving the extractive economy to wind down. Cement carbon laggards Companies in the cement industry that were divested by NBIM. Source: CK) 1. Source: CK) 1.
Oil and gas companies were not considered, in an effort in line with the recent COP29 of the United Nations Climate Secretariat (UNFCCC) to encourage fast divestment from fossil fuels and resource-heavy industries. Thought leadership ranked by the number of followers on LinkedIn and public appearances.
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.
In its recent ESG Investor Survey , PwC found that 49% of investors globally would divest from companies that are not taking sufficient action on ESG issues, and 79% identified a firm’s management of ESG risks and opportunities as an important factor in investment decision-making. Unlocking Economic and Social Value.
We are seeing investors start to shift away from divestments as a knee-jerk way of encouraging change at these companies. Pressure on fast-food companies to commit to targets that aim to mitigate climate change is coming from investors, consumers and some regulators. . “We
In March 2020, a coalition of 32 organisations spanning 17 countries wrote to the world’s biggest asset manager BlackRock, calling for the firm to divest its 5% stake in Drax, citing carbon intensity of woody biomass. . Asset managers have been under pressure to stop backing wood-burning.
The second is a commitment to sourcing 100 percent of the natural materials Timberland uses from regenerative agriculture, such as leather for boots. Finding herself the only Black person in the student divestment group, everything clicked. "I And that’s his hope for the apparel and footwear industry as a whole. Deonna Anderson.
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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