Divestment refers to the process of selling or removing an asset, investment, or stake in a company or organization. It is often used as a strategy by individuals and institutions to reduce their exposure to certain types of assets or industries, such as fossil fuels, in order to align their investments with their values or beliefs. In the context of climate change, divestment has become a popular tool for encouraging companies to adopt more sustainable practices by reducing demand for their products and services derived from non-renewable sources.