Climate wars: US pension funds navigate political divide
Polarisation on climate issues is often less about “blue state versus red state” than “pension board versus state legislators and treasurers”
Legal
US court quashes divestment challenge against New York pension funds
A US court has backed three New York City Pension Funds’ decision to divest from fossil fuels, dismissing a case put forward by conservative members
SEC no action requests: ordinary business or business as usual?
How has corporate reasoning to avoid climate resolutions at US AGM's evolved?
Investors split over ‘necessity’ of FMLC paper on fiduciary duty and climate risk
At the UKSIF’s Ownership Day in London, investors debated over whether the FMLC’s recent paper on fiduciary duty and climate risks is ‘beating the right players over the head’.
How ‘ordinary’ is the business of climate change?
For climate-related shareholder resolutions to work, they must first pass the ordinary business test
Biodiversity credit markets: what are next the next steps?
Environment Bank’s Emma Toovey talks about how voluntary markets can avoid the mistakes of the carbon market and why asset owners would buy credits
Should climate investors worry about the European elections?
A rightward drift in the upcoming European elections is unlikely to have a major impact on EU climate policy
Setting a nature price: how does this work in practice?
If the targets set out in the Kunming-Montreal Global Biodiversity Framework are to be realised, investors could soon face some far reaching policy changes
Why we urgently need to reform investor compensation rules to ‘transition away’ from fossil fuels
Anatole Boute, professor at the Chinese University Hong Kong specialising in Energy Law argues that current investor compensation rules do not yet accurately value the cost of the energy transition
Most institutional investors still lack deforestation policy
The amount of capital flowing into deforestation dwarves positive investments, despite the key role forests play in tackling climate change
California’s new climate bill sets precedent for US carbon reporting
The Californian State Legislature has pushed ahead of the Securities and Exchange Commission by passing a bill that forces big companies to disclose their Scope 1, 2 and 3 emissions
Feeling the legal heat: climate litigation doubles in five years
More and more investors and their investee companies face climate-related lawsuits, with American entities leading the pack. What is going on?
Merciless exodus: what do NZIA’s departures mean for decarbonising insurance liabilities?
Insurers have been leaving the Net Zero Asset Owners Alliance (NZIA) in droves. This raises concerns over the carbon footprint of their liabilities
Client Earth appeals High Court decision on Shell
Campaign group Client Earth will appeal last week's UK High Court decision dismissing a lawsuit against Shell's board of directors over risk management.