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.
ESG
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.’
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
UAE Plans $30B Climate Fund With Partners BlackRock, Brookfield, TPG
The Alterra fund aims to invest $250 billion by the end of the decade, focusing on ‘global climate solutions’ in emerging markets and less-developed economies.
Rockefeller Foundation Pledges to Go Net Zero by 2050
The $6 billion endowment will be the largest to pursue a net-zero target.
UN’s Net-Zero Asset Owner Alliance Proposes Climate Engagement Guidelines
A new report from the United Nations initiative aims to guide asset owners in setting and communicating about ESG goals with their asset managers.