Corporate Knights

NOVEMBER 24, 2023

Graham’s speech also included dubious statements about divestment and the pace of transition away from fossil fuels, claiming that the “global investment community has also changed its tune when it comes to fossil fuel divestment.” This “consensus” is imaginary.

Divestment 360

Divestment Climate Scientist Chief Sustainability Officer Net Zero 360

Corporate Knights

JULY 14, 2022

EE: The debate about divestment versus engagement in fossil fuels is probably more heated now than ever. MH: Choosing among responsible investment tools – positive and negative screening, divestment and engagement – is complicated. Both divestment and shareholder action have a role. What are your thoughts on that?

Divestment 274

Divestment Ethical Investment Greenwashing Negative Screening 274

GreenBiz

FEBRUARY 9, 2021

Sustainable investments should grow as divestment from carbon-intensive industries intensifies. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climate change. Faster private- and public-sector innovation to get emissions down should follow.

Greenwashing 395

Greenwashing Climate Change Divestment Net Zero 395

3BL Media

DECEMBER 20, 2023

The award, which recognizes high-impact research in sustainable finance, was presented to Stefano Giglio (Yale School of Management), Theresa Kuchler (NYU Stern), Johannes Stroebel (NYU Stern), and Xuran Zeng (NYU Stern).

Divestment 162

Divestment Academics Analytics Development 162

Chris Hall

OCTOBER 5, 2022

Role of active stewardship across environmental and social themes emphasised at ESG Risk & Investment Asia 2022. . An investor’s decision to divest “doesn’t mean an end to all ESG-focused engagement with that company”, according to Eric Nietsch, Head of Sustainable Investing for Asia at Manulife Investment Management. .

Divestment 52

Divestment Net Zero Paris Agreement Sustainable Investment 52

Corporate Knights

OCTOBER 17, 2022

Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks.

Net Zero 363

Net Zero Sustainable Investment Zero Carbon Greenwashing 363

ESG Today

AUGUST 18, 2024

This week in ESG news: Microsoft launches new multi-framework ESG reporting solution; Goldman Sachs exits Climate Action 100+ as political pressure builds; World Bank issues bond with interest linked to reforestation-based carbon removals; GM signs its largest-yet renewable energy deal; Texas expands its divestment list of financial companies “boycotting” (..)

Divestment 123

Divestment Banking Sustainable Investment Decarbonize 123

Corporate Knights

FEBRUARY 16, 2022

Larry Fink, the CEO of the largest investment firm in the world, wrote in his 2022 letter to CEOs: “It’s been two years since I wrote that climate risk is investment risk. Sustainable investments have now reached $4 trillion. Cement carbon laggards Companies in the cement industry that were divested by NBIM.

Net Zero 360

Net Zero Negative Screening Divestment Manufacturing 360

Environmental Finance

OCTOBER 7, 2022

The treasurer of Louisiana has pledged to divest from all investments made by the state in BlackRock funds in a further escalation of the sustainable investing political backlash in the US.

Divestment 45

Divestment Net Zero Sustainable Investment 45

Chris Hall

MARCH 21, 2025

Sustainable investment opportunities and risks are slowly beginning to emerge as Europe outlines its plans to rearm. But some called for a more fundamental reboot of investment in European innovation especially in clean technologies to pursue trajectories that are compatible with its climate transition targets.

Green Bonds 80

Green Bonds Net Zero Paris Agreement Sustainable Investment 80

ESG Today

AUGUST 28, 2022

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Florida Bans ESG Investing in $228 Billion State Pension Funds. Texas Places BlackRock, Credit Suisse & UBS on Divestment List for “Boycotting” Fossil Fuel Companies in Anti-ESG Backlash.

Supply Chains 137

Supply Chains Supply Chain Net Zero Divestment 137

Corporate Knights

SEPTEMBER 13, 2022

Republican denunciations of sustainable investing are an absurd caricature of the industry, but they have helped to expose the confusion and lack of standardization in ESG assessments, making the industry and the money managers that rely on them vulnerable to attacks from both climate-concerned investors and business-as-usual conservatives. .

Net Zero 274

Net Zero Banking Divestment Ethical Investment 274

Jon Hale

JANUARY 28, 2022

End of Week Notes It’s not a “craze” and sustainable investors aren’t naive I suppose it’s a sign of success when The Wall Street Journal sees fit to launch a weeklong critique of sustainable investing. Instead, it’s turning toward stakeholder capitalism, which is supported and enabled by sustainable investing.

Sustainable Investment 52

Sustainable Investment Climate Change Academics Divestment 52

ESG Today

FEBRUARY 15, 2024

Similarly, Texas cited participation in Climate Action 100+ as part of the criteria used by the state to compile a list of “Financial Companies that Boycott Energy Companies,” which it cited in its placement of a series of asset managers for divestment.

Divestment 127

Divestment Net Zero Climate Change Sustainable Investment 127

3BL Media

SEPTEMBER 28, 2022

She cited the massive growth of ESG initiatives as a great achievement but was wary of the lack of democratized data that can clearly define certain ESG investments as sustainable. Pretorius and Free agreed and claimed investors will expect even more from companies than mere divestment from non-renewable assets. said Free.

Net Zero 130

Net Zero Divestment Decarbonize Paris Agreement 130

ESG Today

MARCH 24, 2024

Million to Turn Landfill Waste into Renewable Biofuels ESG Investing Texas Pulls $8.5 Billion From BlackRock Over ESG Investing BlackRock Calls Texas Decision to Divest $8.5 Renewables Developer Avantus Renovare Raising $7.5

Supply Chain 109

Supply Chain Supply Chains Green Bonds Decarbonize 109

ESG Today

NOVEMBER 16, 2023

The report also found that investors have been active in pursuing their sustainable investment agendas, with over half saying they have turned to incentives such as incorporating progress on meeting ESG targets into executive pay, 50% reporting having submitted ESG-related shareholder resolutions, and 42% saying that they have divested their stakes (..)

Greenwashing 125

Greenwashing Divestment Sustainable Investment Climate Change 125

Chris Hall

MAY 22, 2024

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. It’s also a sellable GHG product for oil and gas firms.

Divestment 89

Divestment Paris Agreement Stranded Assets Net Zero 89

Chris Hall

JUNE 27, 2024

Asset managers also argue that divestment does not work, and that they lose influence when they exit fossil fuel companies. Asset managers should divest from fossil fuel companies that are proving resistant to influence and concentrate their finite engagement resources on those which can plausibly be influenced,” the paper noted.

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Divestment Net Zero Global Economy Sustainable Investment 73

Chris Hall

OCTOBER 31, 2022

Immediately divesting from companies with a poor ESG-related track record isn’t always the answer to ensuring a just transition. This panel will look at how active engagement can contribute to transition efforts globally, and, in instances where it fails, how divestment should be a last resort.

Divestment 52

Divestment CDP Sustainable Investment Banking 52

ESG Today

SEPTEMBER 10, 2022

In his landmark letter to CEOs in 2020 indicating that sustainability and climate issues would become a central consideration in the firm’s investment process, BlackRock CEO Larry Fink spelled out his rationale for this strategy, based on the reasoning that “climate risk is investment risk.”

Net Zero 145

Net Zero Global Economy Divestment Sustainable Investment 145

3BL Media

SEPTEMBER 29, 2023

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

ESG Today

OCTOBER 9, 2024

This represents a significant number of funds that may need to consider either divesting from the stocks or rebranding. Our research shows that more than 1,600 funds are exposed to at least one stock potentially in breach of activity-based exclusion rules.

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Divestment Greenwashing Green Investing Sustainable Investment 104

ESG Today

JANUARY 23, 2023

Additionally, the report found that the “sea change in attitudes towards ESG and sustainable investment approaches” has extended to real assets, with 93% of investors considering ESG factors in real asset investment decisions, including 17% who consider the matters as “critical and deciding” factors.

Divestment 98

Divestment Net Zero Greenwashing Sustainable Investment 98

Chris Hall

OCTOBER 27, 2023

Across the sustainable investment landscape, resources, patience and credibility are all being stretched. – Asset managers are hiring ESG and sustainability staff, you won’t be surprised to learn, and they’re almost certainly not alone. A selection of this week’s major stories impacting ESG investors, in five easy pieces. 

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Divestment Sustainable Investment Value Creation Academics 82

Chris Hall

APRIL 1, 2022

The fund was previously under pressure to divest from carbon-intensive oil and gas companies but, like other asset owners, CalSTRS is choosing to engage, with divestment serving as a last resort. . If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.

Divestment 52

Divestment Net Zero Climate Change Sustainable Investment 52

Chris Hall

OCTOBER 13, 2023

Pension fund makes case for divestment, against backdrop of increasingly positive climate policy across major markets. In response, PME has divested from fossil fuel investments and redirected the funds towards the energy transition by focusing on solar and wind projects.

Divestment 59

Divestment Paris Agreement Climate Change Net Zero 59

Chris Hall

MAY 17, 2023

Louise Wihlborn, Sustainable Investment Analyst at Aviva Investors, told ESG Investor that this year the firm will continue to increase the stringency of its escalation action, particularly with poorer performers. “We believe robust, persistent engagement can be a powerful agent for change.” Wihlborn said.

Divestment 52

Divestment Net Zero Sustainable Investment 52

Chris Hall

FEBRUARY 16, 2022

Canadian pension fund to eschew “blanket divestment”, emphasising role as “active investor and influencer”. Blanket divestment is not the best way to maximise returns without undue risk of loss. And it isn’t the way that we as active investors have maximised our returns over time.”.

Net Zero 52

Net Zero Divestment Climate Change Chief Sustainability Officer 52

Chris Hall

FEBRUARY 15, 2023

Investor appetite for sustainable investment continues to increase, but demand is outstripping supply, with nearly nine in ten (88%) of institutional investors calling for more product innovation from asset managers. Investors must decide on how well-aligned funds are to climate action and sustainable outcomes, he said.

Net Zero 52

Net Zero Divestment Greenwashing Sustainable Investment 52

Chris Hall

OCTOBER 5, 2022

The framework will form part of the UK’s Sustainability Disclosure Requirements (SDRs), the UK’s equivalent of Europe’s Sustainable Financ e Disclosure Regulation (SFDR). Sadan also advised that in order to affect change on firms’ ESG practices, investors need to engage over the long term rather than divest investment.

Divestment 52

Divestment Greenwashing Sustainable Investment Green Investing 52

Chris Hall

MAY 31, 2024

Head of Sustainability at CDPQ Bertrand Millot highlights the pension fund’s focus on decarbonising the real economy, as well as comprehensively divesting from the oil industry. This achievement was one of several high points in the pension fund’s 2023 sustainable investing (SI) report , published in April.

Divestment 82

Divestment Net Zero Climate Change COP26 82

Chris Hall

JUNE 14, 2024

The stated purpose of the hearings was to decide whether current laws are sufficient to “deter anti-competitive collusion” to promote ESG-related goals in the investment industry. Even so, the hearings could be contributing to rising outflows from sustainable investment vehicles, with investor behaviour in the US diverging from elsewhere.

Paris Agreement 78

Paris Agreement Sustainable Investment Climate Change Divestment 78

Chris Hall

NOVEMBER 4, 2022

In particular, many states have enacted laws or other policies requiring state entities to integrate sustainability factors into their investment policies, processes and decisions. For instance, Illinois enacted the Illinois Sustainable Investing Act in 2019. Legislators in New Jersey have introduced a similar bill.

Divestment 52

Divestment Paris Agreement Sustainable Investment Climate Change 52

Chris Hall

MAY 24, 2024

David Byrns, Portfolio Manager at American Century, explains why transition investing is fundamental to achieving net zero. While global sustainable investments reached US$30.3 It has proved the high-level economic logic that more sustainable businesses are more valuable,” explained Byrns.

Net Zero 80

Net Zero Sustainable Investment Value Creation Divestment 80

Chris Hall

JUNE 13, 2024

With competition around sustainable investing heating up globally, the UK government to ensure the country remains attractive – particularly at a time when green pledges have been rolled back by the incumbent administration, driving potential scores of investors away.

Net Zero 89

Net Zero Divestment Supply Chains Supply Chain 89

Chris Hall

OCTOBER 10, 2024

However, CDPQ was identified as a climate leader following its decision to divest firms involved in oil production and refining and coal mining in 2022. ‘Green’ assets now make up 12.5% Asset owners – including signatories of the NZAOA – are increasingly exploring sustainable investment opportunities in private markets.

Net Zero 65

Net Zero Sustainable Investment Divestment Global Economy 65