Responsible Investment News

It’s time for all investors to wake up and save the planet

The Fifth Estate David Thorpe 12 March 2019 BREAKING NEWS 9 PM 12 March 2019, see the call by the Reserve Bank of Australia for action on climate change. Full speech here According to the people in the know, businesses need to understand three thin
Big firms the world over are being targeted by a clutch of recent reports urging them to wake up and change their approaches to tackle the planetary emergency.

The safest way to do this is to invest in renewable energy and energy efficient assets and to adapt infrastructure – natural and artificial – to protect against extreme climate events.

Greenpeace is calling on the Super Fund to divest its $550m of shares in oil and gas companies

NZ Herald 11 Mar, 2019
Greenpeace is calling on the New Zealand Super Fund to divest the entirety of its more than $550 million worth of shares in almost 130 oil and gas companies around the world.

It is also calling on the Greens to support their call, like the party did when it was in Opposition.

Warren Calls for Breakup of Tech Companies Like Amazon, Facebook

Bloomberg By Ben Brody and Molly Schuetz March 9, 2019
Democrat says ‘big tech companies have too much power’
Senator wants to split up companies that harm small business

Filling the Friendly Skies With Hot Air

Bloomberg Opinion By Adam Minter March 10, 2019
With China’s help, huge, balloon-like craft could revolutionize air transport. Just don’t call them blimps.

2018 Was the Fourth Warmest Year, Continuing Long Warming Trend

Earth's global surface temperatures in 2018 were the fourth warmest since 1880, according to independent analyses by NASA and the National Oceanic and Atmospheric Administration (NOAA).

Why Bhutan Is All Alone in the Carbon-Neutral Nation Club

There’s a tiny nation nestled in the Himalaya mountains with so many trees -- and so little pollution -- that it actually gobbles up more carbon dioxide from the atmosphere than it produces. Alas for the fight against global climate change, most of the world’s countries aren’t like Bhutan. Instead, they spew out CO2 and other greenhouse gases faster than they can be contained. Countries are now pledging to fight climate change by slashing their net output of carbon dioxide to zero -- becoming what’s known as “carbon-neutral.”

This Is What Peak Car Looks Like

For many people, new forms of mobility are making privately owned vehicles obsolete.
The automobile—once both a badge of success and the most convenient conveyance between points A and B—is falling out of favor in cities around the world as ride-hailing and other new transportation options proliferate and concerns over gridlock and pollution spark a reevaluation of privately owned wheels. Auto sales in the U.S., after four record or near-record years, are declining this year, and analysts say they may never again reach those heights. Worldwide, residents are migrating to megacities—expected to be home to two-thirds of the global population by midcentury—where an automobile can be an expensive inconvenience. Young people continue to turn away from cars, with only 26 percent of U.S. 16-year-olds earning a driver’s license in 2017, a rite of passage that almost half that cohort would have obtained just 36 years ago, according to Sivak Applied Research. Likewise, the annual number of 17-year-olds taking driving tests in the U.K. has fallen 28 percent in the past decade.

How the Church of England led the climate push on miner Glencore

London: The Church of England says it is sensitive to the effects its bid to force Australia's largest miner, Glencore, to extract less coal will have on the nation's economy, but climate change is a global issue that must be urgently addressed.

The church's investment fund took the lead as part of the powerful Climate Action 100+ group of wealthy global investors in pushing Glencore to cap its coal production at current levels.

What do top-rated ESG companies look like?

ESG has become mainstream in funds management but it shouldn’t be confused with ethical investment.
ESG integration is a branch of investment analysis that assesses companies on their environmental and social impacts as well as the quality of their governance. It is a tool used by investment managers to gauge the long-term financial health of companies. For example, a company that pollutes the environment could face financial penalties as well as damage to its reputation – both of which could affect the company’s profitability.

In this sense, ESG integration is ethically passive: it is concerned about the financial impact of things like pollution, poor labour practices and a lack of diversity on boards – not whether they are right or wrong.

Australia in Tree-Planting Binge to Help Meet Climate Targets

Australia aims to plant a billion trees by 2050 as part of a new forestry plan the government says will help the country meet its Paris Agreement climate targets.