Divest-Invest Global Movement
|Name of initiative||DivestInvest|
|Secretariat|| Clara Vondrich, Global Director, Divest-Invest Philanhtropy, email@example.com
Tom Harrison, firstname.lastname@example.org
|Name of lead organisation||DivestInvest Global Movement|
|Type of lead organisation||NGO/Civil Society|
|Location/Nationality of lead organisation||United States of America|
|Description|| DivestInvest is a diverse, global network of individuals and organizations united in the belief that by using our collective influence as investors to divest from fossil fuels, and invest in climate solutions, we can accelerate the transition to a zero-carbon economy. In this way, we are supporting the agreement made by governments in Paris at COP21 and protecting our own investment returns.
In addition to shifting their own capital, some investors and investment advisers now provide additional support to help others make this important shift.
|Objectives|| First, to accelerate the energy transition and support the delivery of the Paris Agreement by shifting the trillions of dollars away from fossil fuel energy to sustainable energy and other climate solutions. In line with the UN’s analysis, our target is for $12 trillion to be moved by 2040.
Second, to embolden politicians to take stronger action on climate change.
|Activities|| DivestInvest involves investors shifting capital out of fossil fuels and towards climate solutions.
DivestInvest also provides support for new investors to make the shift. Primarily through resources online and peer to peer engagement.
|One or two success stories achieved|
Monitoring and Impacts
|Function of initiative||Funding, Political dialogue|
|Activity of initiative||Awareness raising and outreach, Fundraising, Policy planning and recommendations|
|Goals||In line with the UN’s analysis, our target is for $12 trillion to be moved by 2040.|
|Comments on indicators and goals|
|How will goals be achieved|
|Have you changed or strenghtened your goals|
|Progress towards the goals|| As of May 2018, The DivestInvest initiative has seen over 800 organisations, with more than $6 trillion Assets Under management (AUM) commit to shift capital away from fossil fuel companies.
Investors with $1.3 trillion have made explicit committments to invest additional capital into climate solutions. We aspire to track the amount of assets under management by organisations which have committed to DivestInvest; the amount of assets taken out of fossil fuels; and the amount of assets committed to invest in climate change solutions Stakeholders committed: Increase from 50 in 2014 to 852 in 2017. Investors with $1.3 trillion have made explicit committments to invest additional capital into climate solutions.
|How are you tracking progress of your initiative||We aspire to track the amount of assets under management by organisations which have committed to DivestInvest; the amount of assets taken out of fossil fuels; and the amount of assets committed to invest in climate change solutions|
|Research and educational organisations||146|
|Regional / state / county actors||0|
|City / municipal actors||0|
|Other members||552||See: https://www.divestinvest.org/commitments/|
|Number of members in the years|| |
|Have only national states as participators||No|
|Transport||Agriculture||Forestry||Business||Financial institutions||Buildings||Industry||Waste||Cities and subnational governments||Short Term Pollutants||International maritime transport||Energy Supply||Fluorinated gases||Energy efficiency||Renewable energy||Supply chain emission reductions||Adaptation||Other||Resilience||Innovation||Energy Access and Efficiency||Private Finance|
Not only have national states as participators