Mission-aligned Investment Seminar

You are invited to a Mission-Aligned Investing Seminar for South African leaders in philanthropy, faith, education and city governance. The Seminar will bring together mission-driven leaders from across South Africa to focus on how we can finance a just, fossil fuel-free future in which everyone has access to renewable energy. Keynote address: Ellen Dorsey, Executive …

Climate-Proofing South African Retirement Funds (Twin events)

The early effects of global climate breakdown, from the devastating Northern Cape drought to Cyclone Idai, are hitting South Africa. Climate protests, now led by millions of school children, are multiplying around the world.  Funds worth over $8 trillion have committed to fossil fuel divestment, while 477 investors worth a combined $34 trillion in assets …

Global Climate Divest-Invest Summit comes to Cape Town

The Global Climate Divest-Invest Summit is coming to Cape Town in September 2019! Register now: https://financingthefuture.global/ Financing a fossil fuel-free future in which everyone has access to renewable energy – especially the 1 billion people living in energy poverty – is indispensable to solving the climate crisis. With little time left before we lock in …

A practical guide: How non-profits (and schools, universities, churches, foundations) can multiply their effectiveness with responsible investment strategies that address climate change

We've just published an article on the Daily Maverick explaining how non-profits can multiply their impacts by ensuring that they are not directly or indirectly (via funders) invested in companies making unduly large contributions to environmental and social damage, especially climate breakdown. But how do you actually do this? Here's a practical guide to action. …

World’s biggest sovereign wealth fund ditching $13 bn of fossil fuels, remains invested in planetary death machines

The Norwegian Government Pension Fund Global, which is part of the world's largest sovereign wealth fund managing $tn in assets, has dropped $13 billion in fossil fuel investments, the largest single divestment to date. Read the full story at the Guardian.  The fund will also move to begin investing directly in so-called 'unlisted infrastructure', renewable …

Climate change resolution voted down at Standard Bank AGM

By LISA STEYNOriginally published on Business Live on 30 May 2019 Only 38% of shareholders were in favour of the resolution for the bank to disclose its exposure to climate change risk The first climate risk-related resolution tabled at Standard Bank’s AGM on Thursday failed to pass when 61% of shareholders voted against it. If …

How to influence this week’s vote by Standard Bank shareholders asking for better disclosure of climate-related risk

Even Eskom's outgoing CEO, Phakamani Hadebe, has observed that “every year, fewer investors are willing to fund fossil fuel”. Apparently, banks haven't got the memo. Our partners at Just Share, with the Raith Foundation and noted shareholder activist Theo Botha, have been leading shareholder activism in relation to Standard Bank. The bank's Notice of Annual General …

Use these letters to ask your retirement fund or asset manager to divest from fossil fuels

Challenge your financial services provider by asking them for alternatives! Remember, there’s no need to be defensive about this request. If they have put your money in fossil fuels with absolute returns on their bottom line, they are arguably neglecting their duties, as investments without fossil fuels in fact often outperform funds that include fossil fuels, and fossil …