BlackRock is among the companies targeted for its lobbying payments

NZAM initiative suspends activities amid rising political pressure

January 17th, 2025


The Net Zero Asset Managers initiative (NZAM) has suspended its activities following BlackRock’s departure and growing political pressure in the US.

The group, which aims to align the …

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American Airlines

Judge rules American Airlines unlawfully considered ESG factors in 401(k) plan

January 15th, 2025


A Texas federal judge has ruled that American Airlines violated federal law by allowing ESG factors to influence its employee retirement plan, Reuters reports.

Judge …

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December 18th, 2024


Ceres’ latest scorecard revealed that while the 10 US financial regulators have taken hundreds of actions over the last 18 months to address the systematic financial …

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California Air Resources Board (CARB)

California lawmakers threaten regulator

December 18th, 2024


California lawmakers have threatened the California Air Resources Board (CARB) in a letter concerning legislative oversight hearings. 

California State Senators Scott Wiener and Henry Stern have warned the regulator with legislative oversight hearings

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Hong Kong, ESG

Hong Kong releases climate reporting standards

December 17th, 2024


Hong Kong’s Institute of Certified Public Accountants (HKICPA) has published new climate reporting standards.

Both new standards, HKFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and HKFRS S2 …

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swiss stewardship code, Switzerland

Switzerland proposes expanding scope of mandatory climate reporting

December 13, 2024


Switzerland has proposed broadening the scope of companies subject to mandatory climate reporting.

The Swiss Federal Council has launched a consultation on proposed updates to its sustainability-related disclosure rules, …

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Shell petrol station

Greenpeace and Shell settle $11m lawsuit

December 12th, 2024


Environmental activist group Greenpeace has reached a settlement with Shell over an $11 million lawsuit stemming from protests aimed at pressuring the oil giant to reduce carbon emissions.

Shell attempted to

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coal, Industrial companies largely ignoring climate risks

Group of 11 states sue three major asset managers over coal reduction goals

December 5th, 2024


A coalition of 11 US states has filed a lawsuit against BlackRock, State Street and Vanguard, accusing them of using their shares in major …

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oil and gas methane

Investor-led coalition urges US states to meet federal methane standards

November 19th, 2024


A coalition of 35 institutional investors representing more than $2 trillion in assets has called on US states to act in line with federal methane standards to …

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FRC, Stewardship Code, Corporate Governance Code

FRC to review UK Stewardship Code

November 13th , 2024


 

The Financial Reporting Council (FRC) has launched a consultation on proposed updates to the UK Stewardship Code. 

Running until 29 February 2025, the consultation should follow extensive engagement with over

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