Divesting is the elimination of investment assets, including stocks, bonds and funds. You can divest from any industry or region. People typically consider divestment when companies they are invested in no longer align with their ethics, morals or values.

The fossil fuel divestment movement

 

Since 2012, the fossil fuel divest movement has grown from its college campus roots into a global movement. The movement encourages people and organizations to divest their holdings from companies directly involved in the extraction of fossil fuels, and in turn, invest in cleantech innovation, with the goal of accelerating the adoption of renewable energy around the world in an attempt to reduce climate change.

Why are people divesting?

 

When you divest from fossil fuels, you’re joining one of the most critical progressive movements of our time. You’re also aligning your investments with your values, reducing your exposure to climate risks, and joining a growing movement championing the transition to a clean energy economy and a healthier planet.

Genus Capital’s hand in Canada’s fossil free movement

 

As a firm, Genus is dedicated to creating innovative solutions that better meet changing client needs.

In recent years, our socially responsible investment clients became increasingly concerned about climate change and financing fossil fuel companies. To ensure a better fit with our clients’ values, Genus began divesting from oil sand companies across its Socially Responsible Fund Family in 2011.

 

Then, in our biggest and boldest evolution yet, we created Genus Fossil Free in 2013 by removing all companies directly involved in the extraction, processing and transportation of oil, gas and coal.

 

In its first three years, we successfully divested $225 million from fossil fuels, empowering our investors to shift their investments into renewable energy and other funds that better aligned with their values, while delivering returns that beat markets.

What is the divest-invest movement?

 

Since 2013, the divest-invest movement has grown from its college campus roots into a global phenomenon.

 

Divest-invest practitioners includes institutions and individuals who are committed to divesting from fossil fuels and share a vision of accelerating the transition to clean and affordable forms of energy. By investing in clean energy, renewables and fossil-free companies people are contributing to a sustainable future.

 

People, universities, cities, pension funds, environmentally-conscious businesses, foundations, investment advisors, and mission-based organizations such as churches or hospitals, are thinking critically about the value of fossil fuel divestment.

 

They are increasingly seeking divest-invest solutions that can mitigate the effects of climate change.

Who has divested from fossil fuels?

 

By 2015, $2.6 trillion in assets had been divested from fossil fuels as cities, foundations, churches, universities and individuals divested from fossil fuels. This includes:

 

  • The Bill and Melinda Gates Foundation
  • The City of San Francisco
  • The City of Seattle
  • University of Massachusetts
  • Rockefeller Family Fund
  • Canadian Medical Association
  • David Suzuki Foundation
  • United Church of Canada
  • Wayne Wachell, the CEO of Genus Capital

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