As investors grow increasingly vocal on ESG issues, some are now requesting regular advisory votes on companies’ climate change plans. At least seven North American companies face shareholder proposals for the 2021 proxy season. Meanwhile, some companies, including Moody’s and Unilever, have already adopted a mechanism for shareholders to give their thumbs-up, or down, on…
Tag: climate change
HSBC Shareholders Ask Bank to Cut Fossil-Fuel Lending Exposure – Bloomberg
A group of HSBC Holdings Plc shareholders have filed a resolution urging the bank to cut its support to the fossil-fuel industry. Amundi SA, Europe’s largest listed asset manager, and Man Group Plc, the world’s biggest publicly traded hedge fund firm, were among 15 institutional investors overseeing a combined $2.4 trillion that are backing the…
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…
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…
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…
Net-zero initiative signs up 30 managers with $9 trillion in assets
Money managers with $9 trillion in assets under management have launched a net-zero initiative, committing to support the goal of net-zero greenhouse gas emissions by 2050. The Net Zero Asset Managers initiative, launched Friday, has 30 initial signatories. The group has committed to support the goal of the Paris Agreement, to limit global temperature rises…
Fossil Fuel Giants Claim To Support Climate Science, Yet Still Fund Denial | HuffPost
More on the disgraceful disinformation campaign conducted by FTI Consulting on behalf of its fossil fuel clients, which included the creation of fake front groups, fake “information” resources, even fake social medial profiles. [D]ocuments and recordings reviewed by HuffPost show that the Independent Petroleum Association of America has spent almost $2 million a year for…
