39.0%. Shareowner. Advocacy/Engagement. 158. 39.2%. Not applicable to me. 58. 14.4%. Total: 403. The SRI Conference 2015 Fossil Fuels Divestment Survey ...
The SRI Conference 2015 Fossil Fuels Divestment Survey How long have you been in the SRI/ESG field? Response
C ount
Less t han a year.
16
3.3%
1-3 years.
66
13.7%
3-10 years.
131
27.2%
10-25 years.
231
47.9%
Not applicable t o me.
32 6.6%
Don’t know/not sure.
6
1.2% Total: 482
In which of the following fields do you practice? Feel free to pick as many as apply. Response
Public Market s: Screened Equit ies/ESG Int egrat ion.
C ount
267
66.3%
180
44.7%
104
25.8%
157
39.0%
158
39.2%
Public Market s: Screened Fixed Income/Green Bonds . Privat e Equit y/Privat e Debt . Communit y Impact Invest ing. Shareowner Advocacy/Engagement . Not applicable t o me.
58
14.4%
Total: 403
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Do you currently manage portfolios that are 100% free of fossil fuel extraction companies (manufacturers/suppliers)? Response
C ount
Yes.
186
41.8%
No.
209
47.0%
We are implement ing plans t o of f er port f olios t hat do not
50
11.2%
include f ossil f uel ext ract ion companies. Total: 445
After divesting of fossil fuel extraction companies, where are you reallocating those investment assets? Response
Renewable Energy Companies. Clean T echnology Companies. Fossil Fuel Indust ry Services Companies. Proport ionat ely across t he remaining port f olio. Ot her, (please specif y)
C ount
93
59.2%
82
52.2%
13
8.3%
88
56.1%
40 25.5% Total: 157
Do you believe there are growing risks associated with investing in fossil fuel extractors/manufacturers?
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Response
C ount
Yes.
343
No.
49
11.1%
Don’t know/not sure.
51
11.5%
77.4%
Total: 443
Do you believe that 2015 is the right time for investors to assess and perhaps alter their approach to investing in traditional energy companies (coal, oil, gas)? Response
Yes, now is t he right t ime.
C ount
318
72.8%
It is not yet t he right t ime, but it will be
25
5.7%
soon. No, t his is not t he t ime.
35 8.0%
Don’t know/not sure.
59
13.5%
Total: 437
Do you see “fossil fuel free investing” (avoiding fossil fuel extraction companies) as an important trend in the sustainable, responsible, impact investing space?
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Response
Yes, it 's t he biggest t rend at t he moment . Yes, it ’s a major t rend t o wat ch. No, it ’s a minor t rend. No, it ’s not a f ocus or t rend at all. Don’t know/not sure.
C ount
150
34.5%
204
46.9%
40 9.2% 22
5.1%
19
4.4%
Total: 435
How would you describe the level of interest among the retail investors you work with in reducing their investment exposure to fossil fuel extraction companies and/or the most carbon-intensive companies? Response
C ount
St rong int erest .
104
23.8%
Some int erest .
185
42.3%
Very lit t le int erest .
54
12.4%
No int erest .
14
3.2%
Don’t know/not sure.
14
3.2%
Not applicable t o me.
66 15.1% Total: 437
Do you think there is interest on the part of institutional investors to reduce their holdings in fossil fuel extraction companies and/or more carbon-intensive companies?
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Response
C ount
St rong int erest .
37
Some int erest .
229
Very lit t le int erest .
92
21.2%
No int erest .
16
3.7%
Don’t know / not sure.
35 8.1%
Not applicable t o me.
25 5.8%
8.5% 52.8%
Total: 434
Do you believe that there is growing “stranded assets” financial risk in fossil fuel extraction companies? Response
C ount
Yes.
264
No.
63
Don’t know/not sure.
107
60.8% 14.5% 24.7%
Total: 434
Do you believe that the movement to divest from fossil fuel extraction companies is expanding to include companies that produce large GHG (greenhouse gas) emissions? Response
C ount
Yes.
203
No.
92
Don’t know/not sure.
137
47.0% 21.3% 31.7%
Total: 432
Are you more deliberate in removing carbon-intensive fossil fuel companies during the portfolio selection process than you were two years ago?
5 of 7
Response
C ount
Yes.
186
43.1%
No change.
114
26.4%
Not yet . We are in t he process of implement ing new
27
6.3%
port f olio select ion st andards. Not applicable t o me.
105
24.3%
Total: 432
Have you participated in any shareowner advocacy efforts with publicly traded fossil fuel companies on behalf of clients? Response
C ount
Yes.
115
26.6%
No.
165
38.2%
Not yet , but we plan t o do so in t he f ut ure. Not applicable t o me.
35
8.1%
117 27.1% Total: 432
Please identify the shareowner advocacy efforts in which you have engaged. Feel free to pick as many as apply.
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Response
C ount
Report on goals and plans t o address carbon
80
81.6%
66
67.3%
68
69.4%
47
48.0%
35
35.7%
62
63.3%
36
36.7%
asset risk. Set quant it at ive goals f or greenhouse gas reduct ion. Review and report on public policy advocacy on energy policy and climat e change posit ion. Report on nat ural gas f laring or f ugit ive emissions, and goals f or reduct ion in operat ions. Add an independent board member wit h environment al expert ise. Report on wat er use and plans f or wat er use reduct ion/risk t o operat ions f rom a diminishing wat er supply. Discourage mount aint op removal pract ices.
