We are pulling the plug on coal, abstaining from investments in companies that operate in the fields of coal mining or the production of electricity or fuel from coal from 1 July 2021 onwards.
The energy consumption of private households and the economy in Austria has increased by about 50% over the past 30 years. Statistik Austria expert Manuela Strasser names the most important reasons and outlines the path towards renewable energies.
The topic of energy and electricity provides an excellent background to have a closer look at the issue of energy transition. The prevalent energy mix, which is still very much geared towards fossil fuels, is in the process of transition, as also pointed out by Erste AM’s research partners. The comeback of coal? The current […]
Erste Asset Management (EAM) has excluded companies that derive more than 30% of sales from coal mining from its mutual funds. In doing so, EAM is one of the first asset managers to have taken this step. “This was the next logical step for us, having excluded coal mining from our sustainable funds at the […]
„For a long time, coal and oil were pretty much my life” says Gerold Permoser, Chief investment Officer (CIO) and Chief Sustainable Officer (CSIO) of Erste Asset Management.
James Watt not only gave the physical unit for power its name, he also heralded the age of coal and hydrocarbon in the middle of the 18th century by improving and spreading the use of the steam engine. Today, almost 250 years later, we can see a change, even a reversal. Coal divestments, i.e. the […]
This issue of the ESG Letter focuses on the topic Coal.