Responsible Investment News

Posts in Fossil Fuel Divestment Categories

Investing to influence climate change

Money Management 6 Feb 2020, Chris Dastoor
When running for Prime Minister in the 2007 election, Kevin Rudd described climate change as “the greatest moral, economic and social challenge of our time”.

Over time we’ve seen policies come and go, including the carbon pricing scheme enacted by the Gillard government in 2011.

Despite the ineffectiveness of public policy to take hold and be a catalyst, the market had slowly created options for consumers and investors to help contribute to change.

Why investing in coal mines could (maybe) be 'responsible investment'

Newsroom Nikki Mandow 18/12/19
Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN or Microsoft.

Newsroom business editor Nikki Mandow looked into responsible investment, and found that it is way more complicated, nuanced - and interesting - than she could ever have imagined.

Why divest from fossil fuels?

Australian Ethical Investment David Macri 14 November 2019
Fossil fuel divestment can have a real impact on a company’s prospects. By refusing to invest in companies that are causing climate change we are denying them a social licence to operate.

Calls mount for ACC to distance itself from fossil fuels, after Parliament report

Stuff Thomas Coughlan Nov 21 2019
ACC is facing mounting calls to sell its investment in fossil fuel companies, following the release of a Parliamentary select committee report into its ethical investment policy.

Green MP Chloe Swarbrick is calling on the fund to sell its fossil fuel investments, and if it refuses for the Government to use the law to force its hand.

The Government-owned fund controls roughly $40 billion worth of investment, with nearly $1b of that currently invested in fossil fuels.

It has $778 million invested in renewable energy.

Firms ignoring climate crisis will go bankrupt, says Mark Carney

The Guardian, 13 Oct 2019 Damian Carrington
Companies and industries that are not moving towards zero-carbon emissions will be punished by investors and go bankrupt, the governor of the Bank of England has warned.

Students welcome University of Auckland Foundation's fossil fuel divestment

Newshub 2/092019 Scott Palmer
The University of Auckland (UoA) Foundation has announced it has committed to moving towards zero investment in fossil fuels.

On Friday its trustees, who manage a $224 million investment portfolio, said they will reduce their investment in the top fossil fuel companies down to 0.5 percent or less by December 2020.

Managers adopting low-or-no carbon strategies to mitigate risks

Investment News NZ JULY 7, 2019
Initially driven by big pension funds in Australia, New Zealand, Europe and North America for various reasons, some political, fund managers are increasingly looking at how companies are handling the inevitable transition to a lower-carbon world as a risk-assessment tool.

Ethical fund managers fail to meet investors' concerns over climate change

The Sydney Morning Herald By John Collett July 3, 2019
Ethical investment managers are failing to meet the climate change concerns of retail investors in the choice of businesses to exclude from their funds.

Retail investors want ethical funds to exclude businesses involved in fossil fuels and violations of human rights in their supply chains, but investment managers are mostly screening out controversial weapons and tobacco.

Climate groups to rally NZ banks

Thursday, 9 May 2019 Press Release: 350 Aotearoa
Climate groups to rally NZ banks to break ties with fossil fuel companies

On Friday 10th and Saturday 11th May, grassroots climate action groups across Aotearoa will take action to call for banks in New Zealand to stop lending to or investing in fossil fuel companies. The events in Auckland, Kāpiti, Wellington, Nelson, Christchurch, and Dunedin are coordinated by 350 Aotearoa, as part of their Fossil Free Banks campaign, calling for banks to cut their ties with the fossil fuel industry.

Writing on the wall for oil companies, say funds

The Australian APRIL 29, 2019
Several big fund managers believe that oil companies should shut themselves down because soon they will become impossible to invest in as the world switches to renewable energy.