ECB Research Finds Climate-Aligned Banks All Talk, No Action
White paper’s findings suggest that voluntary private-sector initiatives ‘may have relatively little impact on decarbonization.’
ESG
UK Pension Regulator Sets Targets for Reaching Net Zero by 2030, 2050
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
Japan’s GPIF Equity Managers Rate Microsoft, Enel Tops for Climate Risk Disclosure
The software giant and Italian utilities firm received rave reviews for their TCFD disclosures and net zero commitments.
ISS ESG Unveils Climate Reporting Requirement Dataset
The new information is available via DataDesk, part of an evolving suite of climate solutions that allow users to analyze climate risk exposure.
NYC Comptroller Says Apple’s Workers’ Rights Assessment Lacks Credibility.
Brad Lander said a report by law firm Jenner & Block lacks rigor, expertise and worker input.
SEC’s Climate Risk Disclosure Rule Faces 3 Lawsuits Within 1 Week of Finalization
The two initial complaints were filed by 19 Republican-leaning states and, separately, the Sierra Club.
How Investment Management Is Helping Increase Sustainability
AdventHealth CIO Rob Roy is leading a team working to make the system more flexible and better prepared for climate-related stresses.
Norges Bank Reports Early Signs of Success in 1st Year of Climate Action Plan
A growing number of portfolio companies held by Norway’s $1.5 trillion sovereign wealth fund are adopting net-zero targets.
Commentary: Energy Transition Wave to Dominate Investment Landscape
A huge wave of change will create substantial risk and opportunity for institutional investors across geographies, sectors and asset classes.
NYC Comptroller: Major Banks Neglect Their Own Net Zero Goals
Three of the city’s pension funds filed shareholder proposals seeking greater fossil-fuel transparency at six of the largest banks in North America.
Ontario Teachers’ Seeks Greater Accountability, Transparency in 2024 Proxy Season
The $184 billion pension giant is asking its portfolio companies to improve their climate-change risk management.
NYC-Led Investor Group Pans Starbucks’ Workers’ Rights Assessment
According to New York City Comptroller Brad Lander, a lack of worker input was among four main concerns with the evaluation.
Institutional Investor Group Urges Asset Managers to Deliver on Climate Strategies
A U.N.-backed alliance with $9.5 trillion in AUM warns that the entire global economic system is at risk from climate change.
New York City Pension Funds Report Calls 2023 ‘Difficult Year’ for Shareholder Proposals
Climate-related initiatives struggled due to a ‘well-funded backlash’ from conservative interest groups.
Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’