Divestment

Divestment refers to the process of selling off assets, subsidiaries, or investments by a company or organization. It is often undertaken for various strategic reasons, such as focusing on core business areas, raising capital, or mitigating financial risks. Divestment can also be driven by ethical considerations, such as moving away from investments in industries deemed harmful or socially irresponsible, like fossil fuels or tobacco. For businesses, divestment can enhance operational efficiency, improve financial performance, and create more sustainable growth by concentrating on their primary competencies. Moreover, it can align with broader corporate social responsibility (CSR) goals, making it a crucial strategy in today's business landscape.