Climate Change Collaboration and Divest Invest

The Trust recognises the urgent need to reduce greenhouse gas emissions to achieve the Paris Agreement goal to limit climate change well below 2°C. The Ashden Trust is part of the Climate Change Collaboration with three other Sainsbury Family Charitable Trusts (The JJ Charitable Trust, The Mark Leonard Trust and The Tedworth Charitable Trust) supporting activities to increase the odds of achieving the Paris Agreement. In recent years, the area of focus for the collaboration has been Divest Invest.

Divest Invest which encourages divestment from fossil fuels and investment in ‘climate solutions’ such as renewable energy, energy efficiency and clean tech. It is now a global movement of investors including foundations, faith, pension funds, sovereign wealth funds, universities with collectively more than $6 trillion of assets under management. Divest Invest is a very powerful signal from the financial community that it is necessary urgently to hasten the end of the fossil fuel. It is intended to remove the licence of companies, especially the fossil fuel companies, and investors to increase fossil fuel use. It is also intended to give policy-makers a stronger mandate to make decisions in line with their national commitments to the Paris Agreement.

The Collaboration works closely with two US-based foundations, the Wallace Global Fund and the Rockefeller Brothers Fund on its Divest Invest programme. The latest update on the state of the movement was launched on 10th September, 2018, after the People’s Climate March in San Francisco.