Learning the Basics:
Read through a quick guide to some fundamental concepts about divestment
Investment Risks and Options: The Climate Case and Beyond
Fossil Fuel Divestment and Reinvestment
A Guide to Fossil Fuel Free Investing
Fossil Fuel Divestment: A Practical Introduction
IEN Curated Resources:
Webinars and online workshops
Events
Blogs
Other Divestment Resources:
Fossil Fuel Divestment and Reinvestment - resources and a framework for thinking through reinvestment options from US SIF, the forum for sustainable and responsible investment.
Making It Mainstream – Carbon Action 100+ Power Utility Profiles | Carbon Tracker Initiative
A Guide to Fossil Fuel Free Investing l Green Century
Fossil Fuel Divestment Reports from Campuses
Divestment Guide - a web-portal with resources, tools, and data on fossil fuel divestment and fossil free investing (a project of Divest-Invest Individual)
GoFossilFree.org - an international network of campaigns and campaigners working to promote divestment from the top 200 fossil fuel companies
The Carbon Underground 200 - the list of the top 200 fossil fuel companies ranked by the potential carbon emissions content of their reported reserves (maintained by Fossil Free Indexes)
The Carbon Clean 200 - the Clean200 list ranks the largest publicly listed companies by their total clean energy revenues, with environmental, social, and governance screens (As You Sow and Corporate Knights)
Divest-Invest Philanthropy - a network of philanthropic organizations committed to divesting from the top 200 fossil fuel companies and investing at least 5% of their portfolio into climate solutions.
Fossil Free Funds - an online tool that enables users to look up mutual funds and see their exposure to various fossil fuel companies. (As You Sow, with financial data provided by Morningstar)
Fossil Fuel Divestment: A Practical Introduction - Meggin Thwing Eastman, MSCI, September 2016
SEC Sustainability Disclosure Search l - The tool scours the text of SEC annual filings (10-Ks, 20-Fs and 40-Fs) and automatically identifies relevant disclosures on sustainability issues like climate change, carbon asset risk, water availability and quality, and hydraulic fracturing (Ceres)
Articles and Studies
The Finance Perspective on Fossil Fuel Divestment | Auke Plantinga & Bert Scholtens, February 2024
The Financial Impact of Fossil Fuel Divestment | Auke Plantinga & Bert Scholtens research finds that the investment performance of portfolios that exclude fossil fuel production companies does not significantly differ in terms of risk and return from unrestricted portfolios - August 2020
Investing in Our Mission: A Five-Year Case Study of Fossil Fuel Divestment at the Rockefeller Brothers Fund | Rockefeller Brothers Fund, May 2020
Climate Impact: Understanding Vulnerability as the Missing Piece in the Climate Risk Puzzle | Morgan Stanley, April 2020
Managing Climate Risk in the US Financial System| Climate-Related Market Risk Subcommittee, 2020
University of Pennsylvania will not invest in tar sands | The Daily Pennsylvanian, February 2020
Georgetown University says it will divest from fossil fuel companies | The Washington Post, February 2020
Examining the Impact of Divestment from Fossil Fuels on University Endowments | Social Science Research Network, CJ Ryan and Christopher Marsicano, January 2020
A Summary of Climate Change Science for Investors | Cambridge Associates, December 2019
Land of the Rising Sun and Offshore Wind | Carbon Tracker Initiative, October 2019
Completing the Picture: How the Circular Economy Tackles Climate Change | Ellen MacArthur Foundation, September 2019
2019 Progress Report | Climate Action 100+
12 Reports on Carbon Pricing, Climate Security, and More | Yale Climate Connections, October 2019
The Speed of the Energy Transition | Carbon Tracker Initiative, September 2019
Divest Invest Philanthropy: Five Years After Launch | Croatan Institute, October 2019
Internal Carbon Pricing For Low-carbon Finance | Generation Foundation, Navigant, and CDP, July 2019
The Risk of Fiscal Collapse in Coal-Reliant Communities | Columbia University, July 2019
Task Force on Climate-Related Financial Disclosures (TCFD) Implementation Guide | Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB), May 2019
Overexposed: The IPCC’s Report on 1.5°C and the Risks of Overinvestment in Oil and Gas | Global Witness, April 2019
Thinking Outside the Box: How and Why to Invest in a Climate Change Strategy | Grantham, Mayo, Van Otterloo &Co. LLC (GMO), April 2019
Investing In A Time Of Climate Change — The Sequel | Mercer, 2019
Addressing Climate Risks and Opportunities in the Investment Process l Institutional Investors Group on Climate Change (IIGCC), November 2018
The Climate Accountability Scorecard (2018) l The Union of Concerned Scientists, October 2018
2020 Vision: Why You Should See the Fossil Fuel Peak Coming l Carbon Tracker, September 2018
Fossil Fuel Divestment Funds Rise to $6tn l The Guardian, September 2018
New Report Disproves Financial Argument Against Divestment l Global News Wire, September 2018
The Race of Our Lives Revisited l Grantham, Mayo, Van Otterloo &Co. LLC (GMO), August 2018
Climate Change Considerations Up Five-Fold Over Two Years In Money Manager Decisions, Says Report l Forbes, August 2018
How to Invest in the Low-carbon Economy | Principles for Responsible Investment, June 2018
Addressing Climate Risks and Opportunities in the Investment Process l Institutional Investors Group on Climate Change (IIGCC), October 2018
Oxford Martin Principles for Climate-Conscious Investment | Oxford Martin School, February 2018
How to Divest Invest: A guide for Institutional Investors l Divest Invest Network, February 2018
Climate Change Investment Risk Update on the “Smart Carbon” Methodology | Impax Asset Management, April 2017
Make a Clean Break: Your Guide to Fossil Fuel Free Investing l Trillium Asset Management, Green Century & 350, April 2017
Fossil Fuel Divestment and Its Potential Impacts On Students, Faculty and Other University and Pension Stakeholders | Hendrik Bessembinder. Arizona State University, University of Washington, and Compass Lexecon, April 2017
Climate Investing in 2017 l Cornerstone Capital Group, January 2017
Unconventional Risks: The Growing Instability of Oil Investments | As You Sow, 2016
Recommendations of the Task Force on Climate-related Financial Disclosures l TCFD, December 14, 2016
Video: Interview with Don Gould, Trustee at Pitzer College, About Their Decision to Divest From Fossil Fuels l EcoCiv, December 2016
Measuring the Growth of the Global Fossil Fuel Divestment and Clean Energy Investment Movement l Arabella Advisors, December 2016
Applying Asset Pricing Theory to Calibrate the Price of Climate Risk | Kent D. Daniel, Robert B. Litterman, Gernot Wagner, National Bureau of Economic Research, November 2017
Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations| As You Sow, Boston Common Asset Management, and the Investor Environmental Health Network
Out of the Starting Blocks: Tracking Progress on Corporate Climate Action l CDP, October 2016
Adapting Portfolios to Climate Change: Impactions and Strategies for All Investors | BlackRock Investment Institute, September 2016
Value-Chain Analysis: Partnership for a Carbon Efficiency Strategy l BNY Mellon, April 2016
Investing in a Time of Climate Change: California State Teachers Retirement System Portfolio Climate Change Risk Assessment Executive Summary l Mercer, February 23, 2016
The Risks and Opportunities from the Changing Climate: Playbook for the Truly Long-Term Investor | Cambridge Associates, December 2015
Climate Change: Separating the Real Risks for Investors from the Noise l Teachers' Pension Plan, Ontario
The Road to Paris: Global Companies Speak Out for Action on Climate Change l Walden Asset Management, October 2015
Action on Climate: A Practical Guide for Fiduciaries l Croatan Institute, September 2015
Fossil Free Campaign Orientation Paper for University of Ottawa | Dr. Tessa Hebb, Carleton University, June 2015
Investing in a Time of Climate Change l Mercer, June 2015
Climate Change Investment Solutions: A Guide for Asset Owners l Global Investor Coalition on Climate Change, April 2015
Beyond Divestment: Using Low Carbon Indexes l MSCI Research, March 2015
Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy | Daniel R. Fischel, Compass Lexecon, on behalf of the Independent Petroleum Association of America, February 2015
Stormy Seas, Rising Risks: What Investors Should Know About Climate Change Impacts at Oil Refineries l Center for Science and Democracy at the Union of Concerned Scientists, 2015
The Path to Fossil Fuel Divestment for Universities: Climate Responsible Investment l Cutler J. Cleveland and Richard Reibstein, Boston University, Department of Earth and Environment, February 12, 2015
The Case for Forceful Stewardship (Part 1): The Financial Risk from Global Warming | Howard Covington and Raj Thamotheram, January 2015
Fossil Fuel Divestment: Reviewing Arguments, Implcations & Policy Opportunities l Justin Ritchie and Hadi Dowlatabadi, Pacific Institute for Climate Solutions, January 2015
Storms on the Horizon: Is Climate Change Policy Likely to Undermine the Value of Fossil Fuel Assets, and Should Investors Divest? | Impax Asset Management, November, 2014
The Economic Risks of Climate Change in the United States | Risky Business Project, June 2014
Climate Change: Implications for Investors and Financial Institutions | Institutional Investors Group on Climate Change, University of Cambridge, UN Environment Programme, June 2014
Responding to the Call for Fossil-fuel Free Portfolios | MSCI ESG Research, December 2013
Stranded Carbon Assets: Why and How Carbon Risks should be Incorporated in Investment Analysis | Generation Foundation, October 2013
Emerging Research on Climate Change Risk and Fossil-Fuel Divestment | Veris, April 2013
Do the Investment Math: Building a Carbon-Free Portfolio | Aperio Group, 2013
Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment | Impax Asset Management, 2013
The Other Reason for Divestment | Robert Litterman, Ensia, 2013
Investing to Curb Climate Change: A Guide for the Institutional Investor | US SIF, 2013
Unburnable Carbon – Are the world’s financial markets carrying a carbon bubble? | Carbon Tracker Initiative, 2012
Climate Change Scenarios – Implications for Strategic Asset Allocation | Mercer, 2011
Reports and Publications from the Stranded Assets Programme at the Smith School of Enterprise and the Environment, University of Oxford