A huge investor coalition has called on national governments to accelerate policy changes that will support investment in climate change solutions. A group of 587 investment firms with a collective $46 trillion in assets under management yesterday issued a statement urging governments to take a range of actions, from strengthening emissions targets to mandating climate…
Category: climate change
The US gets up to speed with ESG
It has taken a long time – too long perhaps for some – but the US is finally getting up to speed with all things environmental, social and governance (ESG). In fact it could be argued that developments in play at the moment could put the country at the forefront of ESG globally. All of…
Lying, Not Changing: The Fossil Fuel Industry Pretends to Care
Chris Walker of The Daily Poster attended a fossil fuel industry conference. He noted that while a keynote panel was titled “Combating Climate Change Together,” the combat was directed more at science and real-life efforts to address the climate crisis. A major rebranding effort is currently under way as fossil fuel interests like the Colorado…
Agenda – Investors To Back Off Say-on-Climate Proposals
What Agenda calls backing off may just be a shift in response to the forthcoming SEC rulemaking on climate disclosure. Last year CIFF, along with several supporting partners including CDP, the nonprofit formerly known as the Carbon Disclosure Project, and ESG charity ShareAction, began a new, three-pronged initiative to push companies in the U.S. and…
SEC Chair on Climate Risk Disclosure
SEC Chair Gary Gensler spoke to PRI about climate risk disclosure requirements. Washington D.C. July 28, 2021 Thank you, Fiona, for the kind introduction. It’s good to be here with the Principles for Responsible Investment. As is customary, I’d like to note my views are my own, and I’m not speaking on behalf of the…
Big investors demand annual vote on companies’ net zero plans | Financial Times
More than 50 large investors are demanding companies publish details of efforts to tackle climate change and give shareholders a vote on their plans, arguing that many businesses making “net zero” commitments for 2050 are doing little to act on them. JPMorgan Asset Management, M&G and 51 other investors, which together manage more than $14tn…
SEC Chair Gensler on Climate Risk Disclosures
Chair Gary Gensler spoke about upcoming SEC guidance on climate Risk to the Principles for Responsible Investment (emphasis added): Washington D.C. July 28, 2021 Thank you, Fiona, for the kind introduction. It’s good to be here with the Principles for Responsible Investment. As is customary, I’d like to note my views are my own, and…
Joe Kennedy: The SEC must require companies to disclose their risk from climate change
Joe Kennedy, great-grandson of the first Chairman of the SEC, calls on the Commission to be true to his commitment to informing investors of material risk. A 2019 survey of 215 of the world’s 500 largest companies found nearly $1 trillion in reported climate-related financial risk. A report last year from the federal Commodity Futures…
Larry Fink: Moving from Ambition to Action on Climate Change
Blackrock CEO Larry Fink calls on shareholders to make sure their portfolio companies take action on climate change in a speech after the G20 at the International Conference on Climate, hosted by the Italian Ministry of Economy and Finance and the Bank of Italy in Venice on Sunday, July 11. He emphasized the need to…
Firms Scrub Dirty Bonds Off Books to Boost ESG Credentials – Bloomberg
A new trend is emerging in the world of ESG as companies turn their attention to cleaning up old debt. They’re either buying back conventional notes, which could finance just about anything, or transforming old securities to green. Italian utility company Enel SpA is leading the charge in buybacks with the largest one to date:…
