City Comptroller Brad Lander had proposed the moves, alleging the firms have failed to meet the funds’ net zero plans.
Brad Lander says ‘we will not be cowed’ by anti-climate change rhetoric.
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 $80 billion Dutch pension fund defends keeping shares of BP and Shell after 2-year and says talking to companies is often more effective than divestment.
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
The industry will be needed to bridge the long transition to net-zero from now to 2050, JPM says.
The philanthropic organization announced the strategy is unprecedented in the foundation’s 110-year history.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.