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Funds marketed as environmentally friendly are being used by major asset managers to funnel millions of dollars to the world’s largest meatpacker, JBS, a company notorious for its links to deforestation and human rights abuses via its supplychain. JBS is widely regarded as an ESG pariah.
Nordea’s divestment, along with pressure from other institutions, such as Norwegian pension fund KPL, led to a pledge from JBS to use blockchain to monitor its entire supplychain by 2025, including the problematic "indirect suppliers" that have been linked to illegal deforestation.
The impact of human rights abuses in portfolio companies and their supplychains is becoming more apparent to investors. Martin Buttle, Head of Good Work at NGO ShareAction says, given the estimates, “there is a very real chance that victims are present in the global supplychains” of investee companies.
Texas Places BlackRock, Credit Suisse & UBS on Divestment List for “Boycotting” Fossil Fuel Companies in Anti-ESG Backlash. Canada Signs EV and Battery SupplyChain Agreements with Volkswagen, Mercedes-Benz. Diginex Launches “Worker Voice” SupplyChain Transparency Platform. ESG Services and Tools.
Likewise, companies in all sectors have been rushing to divest of holdings in Russia , or halt operations there. This piece examines sanctions and corporate divestments through a slightly more sceptical lens. We are not arguing that divestment is or is not the right course of action for companies to take.
More than half of divestments by Norges Bank Investment Management (NBIM) last year were the result of unacceptable social and governance-related risks. This can escalate action to voting, and, when necessary, resort to risk-based divestment. trillion in assets under management (AUM). trillion in assets under management (AUM).
Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5 This week in ESG news: Texas pulls $8.5 Renewables Developer Avantus Renovare Raising $7.5 Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5
Given multinationals’ complex global supplychains and trading relationships, the vast majority of today’s goods are sourced and produced far from where they are sold and consumed. Where these programmes fail, however, is in geographies where state-imposed forced labour is prevalent.
Such performance improvements can materialize in the form of increasing revenues, decreasing costs, or de-risking of an investment, across various environmental and social and governance areas — at this moment, typically in connection with themes such as decarbonization, recycling and circularity and supplychain management.
Oliver Balch reports that new research from the campaign group Fashion Revolution indicates that 53% of the world’s biggest 250 fashion brands still lack a firm decarbonization target, and only one in 10 of the global brands studied disclose details of their energy procurement at the supplychain level.
Research finds negligible decline in state-imposed forced labour despite regulation, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. million people – many of whom are from the Uyghur ethnic minority – in detention camps, prisons, and factories linked to the solar energy supplychain.
They also demonstrate the confidence we have in our facilities in France, and our full commitment to serving our customers, our teams, and the planet.” dollar, (18) changes in tax laws or U.S. dollar, (18) changes in tax laws or U.S. dollar, (18) changes in tax laws or U.S.
Manufacturers embarking on transformational journeys are challenged by complex supplychains, heavy assets, and legacy technology. She started helping them pinpoint the valuable waste in their supplychain, such as unused inventory and deadstock, and sell it on the marketplace.
Connecting demand – supplychain – and delivery is the first step, but evolving a great customer experience takes it a step further and puts sustainability front and center. Market and investor pressure, business impact, and customer pressure are shaping the demand for sustainable business practices.
Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25 Billion Green Bonds to Fund New Net Zero Chemical Plant Private Equity & Venture Capital Industrial Decarbonization Startup Celadyne Raises $4.5 Billion to Build Gigafactories Across Europe Dow Issues Inaugural $1.25
Research finds negligible decline in state-forced labour despite regulatory efforts, as Asia’s central position on issue draws eyes to Uyghur solar supplychain risk. million people – many of whom are from the Uyghur ethnic minority – in detention camps, prisons, and factories linked to the solar supplychain.
The Investor Alliance for Human Rights (IAHR), together with Anti-Slavery International and Sheffield Hallam University’s Helena Kennedy Centre for International Justice, has released investor guidance on how to address Uyghur-linked human rights risks in the green technology supplychain.
An SMB’s customers, whether they’re consumers or other companies, expect the organizations that they do business with throughout their supplychains to run smart, sustainable operations. Cieplinski: Sustainability has become a competitive necessity. We take care of shipping, taxes, and any cross-border implications.
Disputing divestment. We cannot just divest from fossil fuels; we need a fair and just transition to the net zero economy.”. And McMurdo’s caution about divestment is not limited to the energy sectors. For me to divest from any sector, I have to be clear that I am able to fulfil completely on the principle.”.
When the wind farm has been fully commissioned, Ørsted will divest the transmission assets to a new owner. According to Ørsted, Hornsea 3 will play a key role in the development of a larger UK supplychain to support the next phase of the UK’s offshore wind success. GW from onshore wind and solar PV and 2.5
The new emissions disclosure bill was introduced as part of a package of climate-focused proposals, including a bill requiring state pension funds to divest from fossil fuel companies introduced by Senator Lena Gonzalez, and a bill requiring stronger corporate climate risk disclosure introduced by Senator Henry Stern.
In short, companies should deploy holistic frameworks of operational and supplychain due diligence, to meet increasing regulatory scrutiny and maintain their social licence to operate.” She continues that companies should have clear policies and proactively assess the potential adverse impacts of their operations on people and the planet.
Most of these cases can be taught within multiple business disciplines such as leadership, strategic management, supplychains and marketing, to name a few — making them useful tools not only for emerging entrepreneurs themselves, but for the educators who are training them. housing market typically works.
This step will help you identify the riskiest physical locations and products to divest from and access public incentives. You can also divest from risky assets and manage risk within the supplychain. Investments from the community can be made in a way that benefits everybody.
For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supplychains and lending/investment portfolios are often more complex than for other industries. They can also divest from high-emitting industries such as thermal coal production.
which recently saw 19 Attorneys General sign a letter accusing BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-net zero agenda, and Texas Comptroller Glenn Hegar place BlackRock and several other asset managers on a list for potential divestment for allegedly boycotting energy companies.
Over the past decade, many asset owners have made divestments out of fossil fuels. In fact, the total value of the institutions divesting is estimated to be US$40.5 trillion, according to data provided by the Global Fossil Fuel Divestment Commitments Database.
Supply-chain failings undermine progress on CO2 emissions and water, despite science-based targets. . Investors warn this lack of transparency in the animal-agriculture supplychain could undermine the efforts of food brands to tackle climate risk. . Widespread pressure on fast-food firms .
A big part of my everyday job is to liaise with my business and operations counterparts to help them support the decarbonization journey of our customers and supplychain partners. Being an impact company: Front, center and together.
The divestment movement will wane. Lithium and nickel prices will remain elevated, given the uncertainty surrounding China’s reopening after lifting its Covid Zero policy and the continued disruption to metal supplychains due to Russia’s war in Ukraine. Jonas Rooze, manager of sustainability and climate research.
Then we can create the trade relationships that will underpin international supplychains for these new industries.” It would also create supplychains that can support the wider economy. That doesn’t happen overnight, because just divesting and allowing another investor to purchase the asset isn’t the answer.
We track almost everything these days: packages, food, supplychains, even pets. We will likely see major momentum building towards a divestment of conventional power as major companies vote with their wallets and join the move to True Zero. by Steve Hoy.
Value chains are global and as such, investors have the unique power to hold companies accountable for child labor practices, environmental degradation and poor governance through divestment or the funding of competitors. We believe there is greater opportunity for traditional and electric vehicle companies, as well as tech companies.
Further complicating the role of indices as a lever of change is that investors’ existing underlying exposure to commodities is often whispered in quiet corridors, blamed on supplychains where their influence is thin or on mining monoliths that no investor can afford not to hold in their portfolio.
Articles will be generally focused around sustainable supplychains, the role of business in developing them, and the associated issues with doing so. That’s not to say we won’t dip back into old territory, such as with this recent piece on Russia, sanctions and divestment.
A strong target of attack in Wiener’s Greenhouse Gases: Climate-Related Financial Risk Act (SB 253) is its mandatory requirement of Scope 3 reporting – greenhouse gas (GHG) emissions linked to a company, but outside its operations, such as its customers or supplychain.
trade policies, (20) risks related to recycling and recycled content laws and regulations, (21) risks related to climate-change and air emissions, including related laws or regulations and the other risk factors discussed in the company's filings with the Securities and Exchange Commission. .
More than half of Maersk’s top 200 customers have ambitious science-based or zero-carbon targets for their supplychain,” offered Mads Stensen, Senior Sustainability Advisor at Maersk, “and they are dependent on us helping them [reach] these targets. Swire Properties Industry: Real Estate Headquarters: Hong Kong.
In the agricultural commodities sector, companies must commit to adopting climate-smart approaches at scale, both on and off-farm, including the elimination of deforestation from supplychains. Oil and gas- divest or engage? Current trends point to significant GHG emission increases.
Divestment from Russian investments was a complex affair and an incomplete one. Recent PRI-backed analysis suggests Bolsonaro’s re-election would dash hopes of ending deforestation by 2030, despite actions across the public and private sector to eliminate proceeds from supplychains.
1] A recent PwC investor survey found that 79% of respondents said that ESG reporting was an important factor in their investment decision-making, and 49% said they were willing to divest from companies not taking significant ESG action [2].
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