[M]any of the members [of Congress and the Senate] who are planning to object to the certification of the vote on Wednesday are generously supported by corporate America. A Popular Information analysis reveals, over the last six years, 20 prominent corporations — including AT&T, Comcast, Deloitte, Amazon, Microsoft, and Pfizer — have donated at least…
Joe Biden must take a global lead on climate risk disclosure | Financial Times
This is especially powerful because one of the authors is Robert Herz, former Chairman of FASB. Ideally, Mr Biden would be able to win bipartisan support for his policies. But, even with a sharply divided US Congress, the Biden administration can make significant progress on issues such as climate risk by using executive orders and…
Accountants work to counter climate change | Accounting Today
Accounting groups are reacting to the latest reports about the accelerated pace of climate change as global warming reaches record levels. Against the backdrop of the United Nations’ 25th annual Conference of the Parties, or COP25, in Madrid, the International Federation of Accountants published a Point of View on climate action to highlight the role…
Lagarde’s ECB won’t let investors delay addressing climate risk
Lagarde: Giving the ECB a bigger role in fighting global warming. Not Rated Text Size: A A A Abu Samra border open, quiet World leaders condemn ‘assault on democracy’ Bloomberg/Frankfurt The European Central Bank has a warning for investors: Deal with the financial risks from climate change soon or we’ll do it for you. Under…
Francine McKenna: A tale of two SEC enforcement actions — Luckin Coffee and GE
Francine McKenna’s columns on The Dig are always thoughtful and informative. We particularly appreciate her comments on two last-minute settlements by the Trump/Clayton SEC.
Equity in the Boardroom: Majority Action and SEIU
Majority Action and SEIU have produced an excellent new report on board diversity, in full below. Highlights of findings and recommendations: Of the 178 S&P 500 companies that had no Black directors as of their 2020 annual meetings, BlackRock voted to support the entire board at 163 companies and Vanguard voted to support the entire…
German cabinet approves tougher oversight after Wirecard scandal | Reuters
The German cabinet passed a package of reforms to financial and accounting rules on Wednesday aimed at avoiding another Wirecard scandal amid criticism from opposition lawmakers who say the government’s measures do not go far enough. Chancellor Angela Merkel’s conservatives and the co-governing Social Democrats (SPD) agreed to extend the powers of the BaFin watchdog…
Fed Joins Climate Network, to Applause From the Left – The New York Times
The Federal Reserve is joining a network of central banks and other financial regulators focused on conducting research and shaping policies to help prepare the financial system for the effects of climate change. The Fed’s board in Washington voted unanimously to become a member of the Network of Central Banks and Supervisors for Greening the…
Proposed Legislation to Give Pension Plan Participants Proxy Voting Authority
U.S. Senator Tammy Baldwin has proposed new legislation that would reverse a final rule from the U.S. Department of Labor to limit retirement plans from voting on corporate proxies and undermine workers’ voice in the public companies where they invest. In August, Trump’s Labor Department proposed a rule to discourage ERISA plans from voting their…
More Disinformation from FTI Consulting — Major Fossil Fuel PR Group is Behind Europe Pro-Hydrogen Push
The recent deluge of pro-hydrogen stories in the media that tout hydrogen as a climate solution and clean form of energy can now be linked in part to FTI Consulting — one of the most notorious oil and gas industry public relations firms. According to a new report, titled The Hydrogen Hype: Gas Industry Fairy Tale or…
