The bank leads with divestment of its $4B in commercial bank assets, as legal scholars from US, UK, and Canada advise missiondriven organizations and pension funds on fiduciary duty to assess climate risk. Click here to read the press release.
Divest-Invest Philanthropy announces first Canadian members before Environmental Grantmakers’ Network annual meeting
The signatories of Divest-Invest Philanthropy received the 2016 Nelson Mandela-Graça Machel Innovation Award for Brave Philanthropy from CIVICUS for their commitment to divest from fossil fuels and invest in climate solutions.
We are foundations divesting from fossil fuels and switching to clean energy investments, joining college, health, pension funds and religious endowments doing the same. Ethically, our investments shouldn’t contribute to dangerous climate change. Financially, fossil fuel stocks are over-valued as most of their reserves cannot be burned. We can get good, safe returns while helping to build a new energy system.
The Divest Invest Pledge:
(1) Stop investing in climate change by avoiding investments in the top 200 fossil fuel producers here.
(2) Drop coal, oil and gas from your investment portfolio by divesting any equity holdings in the top 200 fossil fuel producers.
(3) Roll a portion of your portfolio -- at least 5 percent -- into climate solutions like clean energy, sustainable agriculture, local business and more.