C40 Divest/Invest Forum
Divesting from fossil fuels and increasing sustainable investments, known as ‘Divest-Invest’ action, is an effective way for cities, pension funds and other institutional investors to protect their assets from climate-related risks and take advantage of the financial opportunities presented by the world’s transition towards a green economy. Shifting investment into climate solutions also helps to close the financing gap many cities face as they develop projects to achieve the goals of the Paris Agreement, creating new jobs and opportunities in the green economy in the process.
By ensuring that their investments align with their climate strategy, cities demonstrate strong climate leadership and ambition to achieve a swift transition to a sustainable economy. Buoyed by public support for divestment, cities can be powerful advocates for accelerated action on the global stage, in business and in the finance community. Divestment and sustainable investment also sends a clear message rejecting the destructive business models of fossil fuel companies.
About the C40 Divest/Invest Forum
The C40 Divest/Invest Forum is a first-of-its-kind initiative to help urban leaders make the leap to effective and efficient divestment and accelerate green investment. Launched in close partnership with London and New York City, the Forum is designed to support cities and their pension funds in developing and delivering Divest/Invest strategies. Besides the lead cities London and New York City, the cities of Auckland, Boston, Cape Town, Copenhagen, Durban, Los Angeles, Melbourne, Oslo, Paris, Pittsburgh, San Francisco and Stockholm are involved to date. Joining is open to any city, non-regarding of whether they have yet made a commitment to divest.
For more information on the city-led Divest/Invest movement, a collection of resources is available on the C40 Knowledge Hub.
The Forum is supported by Wallace Global Fund, the Climate Change Collaboration - an initiative of Ashden Trust, Mark Leonard Trust, and JJ Charitable Trust – and Rockefeller Brothers Fund.