From 20th March 2017, the Odgen rate of discount has been reduced from 2.5% to -0.75%. The discount rate reflects Read More
The fossil fuel divestment movement is gaining momentum across the world. The movement shines a light on the need for institutions and individuals to consider whether they are investing responsibly. Critically, it applies the logic of economics and financial risk, to challenge the strategy of holding assets in resources that mankind simply cannot afford to burn.
Taking action against climate change, until now, has been viewed as a kind of discretionary ethical and social concern. By creating a clear and direct link between climate change and economic loss, divestment effectively makes climate change a mandatory issue. Fossil fuel assets now potentially represent what are becoming known as stranded assets.
Organisations like Fossil Free UK and 350.org are making great strides in promoting divestment within large institutions such as county and city councils, universities and health organisations. Ethical consumer magazine can also assist when it comes to divesting your personal situation with their guidance on Personal Carbon Divestment. Check out their YouTube video.
To date most of the divestment activity is focused on the financial sectors such as banking and pension funds plus large institutions such as city councils and universities. The Naturesave Campaign for Insurance Divestment is very specifically targeted at one of the biggest fossil fuel investors in the world – the Insurance Industry.
By harnessing the power of those who choose to insure with us, Naturesave aim to demonstrate the demand for environmentally sound insurance and use that to lobby for divestment from within the industry.