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Follow on Google News | Leading Conservation Group Announces 70% Fossil Fuel DivestmentCBSG's Portfolio Shows How Conservation Organizations Worldwide Can Serve Their Conservation Mission and Financial Portfolio Goals
By: Conservation Breeding Specialist Group (CBSG) The financial board of CBSG’s nonprofit support organization, Global Conservation Network (GCN), unanimously approved the proposed investment strategy. After moving its money this week, the international conservation organization is well on its way to reaching the goal of full divestiture by the end of 2017. To formulate a new investment strategy that avoids fossil fuels, CBSG partnered with the portfolio management firm HIP Investor. HIP Investor designs portfolios that reduce knowable risks, seek enhanced returns, and pursue net positive benefit to society and the environment. HIP developed an investment strategy for CBSG within the Vanguard platform that would align with both CBSG’s mission and investment goals. CBSG‘s mission is to save threatened species by increasing the effectiveness of conservation efforts worldwide. Scientific evidence increasingly shows that climate change will become a primary driver of species extinction in the coming century. “CBSG is focusing attention on the issue of climate change due to the urgency of the threat to species and the need for accelerated action in the search for solutions,” said Onnie Byers, CBSG chair. “Last year, the GCN Board voted to become one of the very first conservation organizations in the world to divest from fossil fuel companies. Now, just one year later, we are 70% divested and clearly on our way to full divestment.” According to a recent paper, “Horizon Scan of Global Conservation Issues for 2014 (http://download.cell.com/ “The GCN Board unanimously approved the proposed divestment plan because it appropriately aligns our investment strategy with CBSG’s purpose of planning a future for wildlife, whilst remaining fiscally prudent,” said Jo Gipps, chair of the GCN Board. “Divestment will enable CBSG to avoid declines in the market value of its investments that will almost certainly occur as fossil fuel consumption falls due to stricter national regulations developed to comply with international agreements on emission limits.” Divestment was accomplished through implementing a diversified portfolio designed by HIP Investor that is resilient to future fossil fuel risk and comprised of everyday funds that are easily accessible. CBSG provides species conservation planning expertise to governments, Specialist Groups, zoos and aquariums, and other wildlife organizations by using expert facilitation and the application of science-based planning tools. CBSG is a Specialist Group of the International Union for Conservation of Nature (IUCN) Species Survival Commission (SSC). End
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