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The biggest carbon losers

Corporate Knights

About two-thirds of the GHG reductions achieved by these companies were genuine from the planet’s perspective; much of it came courtesy of efficiency measures or retiring polluting assets. Divestments (8%). 0.124 Retirements and divestments (100%). Divestments (25%). Divestments (3%). Divestments (94%).

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Options Still Open for Fossil Fuel Engagement

Chris Hall

This backsliding has increased polarisation between investors, with some choosing to divest and others – in recognition of their responsibility as universal owners – doubling down on engagement with the sector. There is value in engagement, provided it happens over a defined period and there are defined outcomes.

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ICYMI, an Ill Wind is Blowing From the East

Chris Hall

By divesting its 20% stake in Rosneft, BP also disposed of around a third of its oil supplies. As divestment sceptics know, there’s a big difference between reducing portfolio and real-world CO2 emissions. But will the energy giants diversify from or double down on fossil fuels in response to inevitable write-offs on stranded assets?

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Carbon Metrics Key to Investors’ Net Zero Path

Chris Hall

Reasons are manifold but include better risk management, earlier identification of stranded assets, and the realisation that Paris Agreement goals are in jeopardy. The results affect divestments in our portfolio.” Climate-intensive companies tend to be highlighted by this metric and yield the best and worst scores.

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Those organisations that have not considered reducing these emission sources could be misunderstanding the double materiality risks they carry: the risks to their business, like stranded assets or reputational risks, and their contribution to making the Earth uninhabitable.

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Investors Face Direct Risk from Climate Litigation

Chris Hall

This could stem from campaigns which lobby for divestment from polluting companies or projects. “In our view, the risk to investors from ESG or climate litigation remains primarily indirect,” Mark Banks, Dispute Resolution Senior Associate at Baker McKenzie told ESG Investor.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

Divest or wind down? This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. The company said it would continue the “responsible decline of its thermal coal operations over time”.