Ellen Dorsey, a veteran of the anti-apartheid movement, has used her activist experience and her leadership position at the Wallace Global Fund to push for divestment from the fossil fuel industry.
The Wallace Global Fund has supported the fossil fuel divestment movement from its inception. By 2021, the movement had propelled divestment of over $14 trillion in assets from universities, pensions cities, faith groups and more.
Dorsey launched Divest Invest Philanthropy, a coalition of over 200 foundations to divest their endowments from fossil fuels and invest in climate solutions. She says foundations can still do more to invest their endowments in climate solutions, and shouldn’t be “hoarding acorns” in this “moment of urgent need.”
Here are MSCI’s five ESG trends to watch in 2021
From demand for Paris-aligned investments to financial innovation that aims to address social inequality, MSCI’s annual ESG trends to watch look at what investors can expect in 2021.
January 22, 2021 5 MINS
Demand from investors to decarbonize their portfolios coupled with a shrinking pool of investments that align with the goals of the Paris Agreement may leave investors in the year ahead with little choice but to call on companies to exit some businesses altogether, according to MSCI’s 2021 environmental, social and governance (ESG) trends to watch report.
Investors in 2021 can also expect a more nuanced understanding of when and how ESG delivers financial benefits, alarm bells on biodiversity, a deluge of ESG disclosure, and a focus on addressing social inequality.