The Risks and Returns of Fossil-Fuel-Free Investing

  John Willis Portfolio Manager, Sustainable Insight Capital Management Paul Spence Head of Portfolio Construction & Analytics, Sustainable Insight Capital Management   1 Executive summary There is a persistent debate surrounding fossil-fuel-free investing. Financial market participants are examining the implications of such strategies with increasing scrutiny. In this paper, we analyse the performance of three different fossil-fuel-free portfolios, all against …

Invested in Change: Faith Consistent Investing

An Excerpt of Invested in Change: Faith Consistent Investing in a Climate-Challenged World Published by the Interfaith Center on Corporate Responsibility in April of 2015 To read the full paper, including endnotes and a list of resources, click here As an organization that for over four decades has advocated that social and environmental justice issues can be influenced through active …

Optimal Diversification and the Energy Transition | The JEI

  Jakob Thomä, 2° Investing Initiative / Conservatoire National des Arts et Métiers Stan Dupré, 2° Investing Initiative Alexandre Gorius, Paris Dauphine University Manuel Coeslier, 2° Investing Initiative / Mirova / Ecole Centrale de Nantes, Audencia School of Management Danyelle Guyatt, PhD, Collaborare Advisory Abstract Capital allocation decisions in equity markets are significantly influenced by market capitalization-weighted indices. They are …

“The Grasshopper and the Ant”- University Endowments | The JEI

J. Ritchie Institute for Resources, Environment and Sustainability, University of British Columbia H. Dowlatabadi, PhD Canada Research Chair in Applied Mathematics and Global Change, University of British Columbia; University Fellow, Resources for the Future Abstract Fossil fuel divestment campaigns have focused attention on the holdings of oil, gas, and coal companies in the portfolios of university endowments. In this paper, …

Carbon Bubble & Divestment Trouble: An Analysis | The JEI

John Byrd, PhD Senior Instructor, Finance & Managing for Sustainability Programs, Finance Faculty, Business School, University of Colorado Denver Elizabeth S. Cooperman, PhD Professor of Finance & Entrepreneurship, Finance Faculty, Business School, University of Colorado Denver   Abstract Those concerned about catastrophic climate change argue that a large portion of known fossil fuel reserves cannot be extracted and burned. The valuation …

Acting on Climate Change: Solutions by Canadian Scholars | The JEI

Catherine Potvin, PhD, and Co-Authors* Department of Biology, McGill University, et al. Since 2013, United Nations Secretary-General Ban Ki-moon has been urging countries around the world to adopt ambitious climate change policies so as to avoid a global temperature increase of more than 2oC during this century. Answering this call, we formed the Sustainable Canada Dialogues, an initiative that mobilizes …

Reinvesting after Divesting: A Few Fossil-Fuel-Free Options

Robert Schwarz, MBA, MS Although much has been written lately in the responsible investing (RI) space about divestment from fossil fuels, very little of the content identifies actual market-based capital re-allocation choices for investors who want to adopt a fossil-fuel-free (FFF) investing strategy. Investors may be armed with a basic understanding of the issues, but they lack the full capacity …

The Demise of Divestment

Gerrit Heyns Co-Founder of Osmosis Investment Management Divestment as an investment strategy is inherently flawed. The protest leadership is well aware of this but marches on, hoping to gain greater public awareness. At best, the complete closure of every listed fossil fuel business on the planet would impact less than 70% of the world’s combustible carbon reserves, most of which …

Editorial: The Divestment Conundrum

  Cary Krosinsky Editor Divestment from fossil fuels is a topical and divisive issue on university campuses in the United States as well as throughout the world. Questions remain about the utility of divestment as an investment strategy for solving climate change; as a result, we thought it would be helpful to provide a neutral space for both sides of …

Really? Teaching Chevron at Bard’s MBA in Sustainability

Kathy Hipple Finance Lecturer, Bard College MBA in Sustainability, and Founding Partner, Noosphere   Hunter Lovins Professor, Sustainable Management Bard MBA,  President, Natural Capitalism Solutions   Juzer Rangoonwala Bard MBA in Sustainability, Class of 2015   Abstract The Bard’s MBA in Sustainability Finance course asked students to work in groups to tackle some of the complex questions facing Chevron. Their …