1. Calculate and compile your investments in – and financing of – oil, coal, and gas. This will help you understand where you have your biggest potential to move your money.
2. Create a realistic transition plan with concrete deadlines and targets. This will send an important signal to potential investors, and will help you keep those investors that would otherwise have moved their money to more sustainable funds. If you can’t get out of some of these investments immediately, don’t worry. Most investors will understand that it will take some time to make the transition in an orderly manner.
3. Develop an investment policy that explicitly states a zero-tolerance stance on new fossil fuel investments. Make sure that the policy also excludes all companies involved in expanding the extraction of oil, coal, or gas. The policy should clarify that any funds divested from fossil fuels are to be reinvested in sustainable, green solutions.
If you're unsure about the criteria for an effective policy, consider reaching out to other financial institutions that have already divested in the same market where you operate. Often, they are willing to offer assistance, even to competitors. Collaboration is crucial in addressing the climate crisis. Additionally, good policy examples can frequently be found on various websites. Allow yourself to be inspired and adopt best practices with pride!
5. Communicate if you have joined coalitions and publish your new policy, both internally and externally. Explain why it is important to Move the Money, and share ideas on how to do it.
•
•
4 w
We cannot insist enough on the need to move our finances. Money is the key resource in everything. No fossil fuel funding, no fossil fuels. When we eventually move our funding to the right projects, we will then see our fortunes in climate change overtime.
•
•
5 w
We should share this with Financial Institutions in our countries of residence and encourage them to move the money.
•
•
5 w
The information is the key we need more of such articles
•
•
5 w
I have grown up around people where majorly all of them made fun of you when you worried about saving water, not using plastic, etc. I think articles like this should reach the masses so it opens their eyes and makes them realise that climate change is real.
•
•
5 w
Very informative article. For a long period, COP annual resolutions have always been thrown under the bus. I am happy that resolutions for COP28 are being acted upon
•
•
5 w
This writing has more information on cop28 it is well illustrated and educative
•
•
•
5 w
This article is very educative and informative, indeed our choice matters. I signed #MoveTheMoneyCampaign attached in this article and it led me to the more voices that agreed we must act for a noble cause of renewables before 2030, but time to #act is now.