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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%).
Understanding emission sources in your portfolio For some organisations, scope 3 emissions may be easy to calculate, understand and reduce, such as those deriving from business flights and waste. They can also divest from high-emitting industries such as thermal coal production.
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 strandedassets?
We have a clear dialogue with a company before they are blacklisted but will continue to engage because we want to be able to invest in them again.” Strandedassets AP7 is a member of the Paris Aligned Asset Owners Initiative, a global group of 56 asset owners with over US$3.3
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