SEC disclosure plan sets up clash with Amazon and others
Rules under consideration by the SEC that would require corporations to disclose climate risks will lead to shareholder lawsuits, according to Wall Street..
Author: BloombergNews
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Climate change fight is adding to global inflation scare
Industries from glass to steel to autos are being left with little choice but to change how they make products and ultimately what they sell. The technical hurdles and investment involved mean it’s going to cost much more.
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First state to require divestment of fossil fuels
New law will require Maine treasury and giant pension fund to dump coal, oil and gas holdings by 2026.
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Companies more receptive to diversity-related investor proposals
IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.
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Shareholder victory over Exxon emboldens ESG supporters
Engine No. 1 win over oil giant’s management team suggests climate change and sustainable investing are now mainstream.
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Goldman joins banks exploring green equity as new ESG asset
Thirteen years after the first green bond, some financial firms are now working on creating a market for green stocks that meet measurable climate metrics.
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Climate activist takes aim at Vanguard
The campaigner who was instrumental in pushing BlackRock to act against climate change is now taking aim at Vanguard Group.
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JPMorgan creates investment product for Black-owned banks
The product will initially be distributed by four Black-owned banks, and JPMorgan will share the assets and fees generated with those banks.