Fossil fuel divestment movement: a study on organizational pressures and practices

Abstract Increased stake holders’ perceptions towards the harms of fossil fuels to society and future generations, shape and pressure the strategic environment and organizations’ practices. On the one hand, the combination of financial and environmental factors will lead to the devaluation of fossil fuel assets, damaging the long-term financial health of the ones investing in it. While on the other hand, there is also the ethical and moral framework, in which investing in these assets becomes unsustainable when pursuing a better future for society. Evidence on divestment performances from institutions of all kinds enables to come up with different constructs and configurations on divestment backgrounds, thus reaches to the understanding that it is time for organizations to move and adapt to these practices, otherwise they put reputation and value at risk