
NYC Comptroller Vows to Stick With Climate Plan Amid Net Zero Exodus
Brad Lander says ‘we will not be cowed’ by anti-climate change rhetoric.
Brad Lander says ‘we will not be cowed’ by anti-climate change rhetoric.
However, the largest pension fund in the U.S. says the pro-investment approach is more effective than divestment.
The $341 billion pension giant opposed more than 2,200 boards of directors in proxy voting this year, mainly on climate risk disclosure.
TPR said it will aim to eliminate up to 90% of emissions, while offsetting the remaining 10% with carbon credits.
A U.N.-backed alliance with $9.5 trillion in AUM warns that the entire global economic system is at risk from climate change.
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
Fund manager Norges Bank Investment Management sided with Shell in rejecting a proposal to align greenhouse gas targets with the Paris agreement.
Shareholder proposals have been filed with Bank of America, Goldman Sachs, JPMorgan Chase and Royal Bank of Canada.
The university says it will also boost investments in cleaner energy companies.