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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.
To divest or not to divest? Another is establishing the liquidity levels of those investments which enable rapid divestment. Many began the divestment process because of evidence of systematic human rights abuses and corruption led from the very top. However, allocators’ work does not end there. billion (£2.3 billion (£2.3
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).
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.
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
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
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.
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.
Negash calls the work groundbreaking, and especially important for GEPF, as it can’t divest from specific sectors easily, given that its investment universe is quite small compared to its global peers.
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.
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.
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.
“Any decision made to disengage or divest must be done in a responsible fashion, including scrutinising for any unintended human rights consequences.” . The biggest reverberations are going to be felt along corporate supplychains, as they look to untangle themselves from Russian suppliers,” he said. “The
First, there may be divestment by a significant number of investors, which decide they no longer want to take the environmental risk on an individual company. Alternatively, investors may start to anticipate future divestment, which could impact the price. Second, it looks at predicted total emissions.
Asset owners are increasingly aware that decarbonsing their portfolios through divestment does not necessarily reduce CO2 emissions in the real world, meaning that many are open to extending or escalating engagement even when progress is frustratingly slow. Impact through stewardship. Understanding these nuances is important.
Whether that be a person’s commitment to environmental protection, fair labor practices or supplychain transparency, consumers are voting with their wallets in a bid to support responsible business ethics. Global citizens have become increasingly conscious of how their spending can portray their own values and influence brands.
Within the interactive guide, a particularly helpful tool is Global Canopy’s Forest 500 , which evaluates and ranks the most influential companies and financial institutions in forest risk commodity supplychains. Divestment, while a contentious strategy, should be considered a last resort.
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.
The European Parliament this week backed a robust version of the Corporate Sustainability Due Diligence Directive (CSDDD), which includes the finance sector in rules to hold firms accountable for human rights and environmental harms along their supplychains.
This compares to a second quarter 2021 Net Loss of $486 million and non-GAAP Operating Earnings of $47 million, which included results of the divested fossil and solar assets. Carbon-Free, Infrastructure & Other (CFIO) reported a Net Loss of $174 million ($0.35 per share). changes in tax laws and regulations.
However, she noted that the climate policy globally remains insufficient. Other related policies are the EU’s Net Zero Industry Act, but observers say it doesn’t tackle the main barriers to cleantech investment such as scarcity of critical skills and high energy costs.
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.
That does not mean divesting to ensure the portfolio looks good in the quarterly report. Sustainability also needs to extend to the supplychain. “As “The science tells us that we are going to be confronted by an adverse climate situation over the next decade,” said Abadie.
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.
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
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.
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.
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.
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.
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.
In June, the Church of England Pensions Board (CoEPB) and Church Commissioners announced that they will divest from oil and gas firms for failing to align with climate goals. However, individual, specific, and isolated divestments do not make a significant difference due to the abundance of liquidity in the market. billion (US$13.2
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