Finance: Page 2
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Amex says it stopped using diversity goals to set pay last year
A conservative legal group filed a proposal stating the company should do away with such incentives, but the company said it already shifted away from that practice.
By Patrick Cooley • April 3, 2025 -
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Tennessee ends Wells Fargo probe after bank scraps net-zero target
The state's attorney general commended Wells Fargo’s “pro-consumer decision to step away from utopian policymaking." Seventeen other states had joined the probe.
By Rajashree Chakravarty • April 2, 2025 -
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EPA denies harm from funding freeze in court filing
EPA argued that the Greenhouse Gas Reduction Fund freeze would not cause irreparable harm to grantees, while the grantee plaintiffs say the freeze is “potentially fatal” for their operations.
By Diana DiGangi • April 2, 2025 -
Retrieved from OCC.
OCC ends climate risk guidance for large banks
The Office of the Comptroller of Currency withdrew guidance to help financial institutions managing over $100 billion in total assets identify and manage financial risks related to climate change.
By Zoya Mirza • April 1, 2025 -
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SEC withdraws defense of climate-risk disclosure rule
The agency will no longer defend its rule requiring companies to disclose certain climate-related risks, a move one commissioner called an attempt to “unlawfully” dismantle the rule.
By Lamar Johnson • March 28, 2025 -
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House Republicans probe EPA climate grant recipients
The House Oversight Committee chair is spearheading an investigation into the eight environmental groups that received funding through the Biden-era Greenhouse Gas Reduction Fund.
By Zoya Mirza • March 28, 2025 -
Courtesy of Lululemon
Lululemon partners with sustainable materials firm to expand bio-based nylon
The deal with ZymoChem is meant to scale production and commercialize its technology.
By Laurel Deppen • March 28, 2025 -
ING becomes first global bank with SBTi-validated targets
The bank set targets to reduce its scope 1 and scope 2 emissions for 2030, as well as portfolio targets related to its fossil fuel financing.
By Lamar Johnson • March 27, 2025 -
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JLL acquires renewable energy banking firm Javelin Capital
The global commercial real estate firm said the acquisition will “significantly enhance” the company’s capabilities in the U.S. energy and infrastructure markets.
By Lamar Johnson • March 26, 2025 -
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Amazon launches carbon credit service through sustainability hub
The credits will be available to its U.S. supply chain partners, enterprise customers and Climate Pledge signatories with certain emissions reporting, net-zero targets and decarbonization strategies.
By Lamar Johnson • March 25, 2025 -
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CalSTRS, Microsoft anchor $175M funding round for Al Gore-backed Just Climate
Just Climate’s Natural Climate Solutions strategy will focus on avoiding emissions from agriculture, forestry and other land use while also delivering “attractive returns.”
By Zoya Mirza • March 25, 2025 -
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JPMorgan rebrands DEI, leaves Net-Zero Asset Managers initiative
The bank said it will swap “equity” for “opportunity” in its DEI policy and that it left NZAM due to the net-zero group’s operational pause.
By Lamar Johnson • March 24, 2025 -
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Federal judge blocks EPA’s $14B GGRF funding freeze
The EPA “proffered no evidence to support their basis for the sudden terminations, or that they followed the proper procedures,” said U.S. District Judge Tanya Chutkan.
By Diana DiGangi • March 24, 2025 -
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BlackRock, Vanguard, State Street seek dismissal of red states’ coal antitrust suit
The asset managers said the Republican-led states offered “no plausible facts” to support the claim that the three firms conspired to collectively cut coal production in the U.S.
By Lamar Johnson • March 21, 2025 -
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Amid shifting views on ESG, investors retain climate focus: Berkeley Climate Summit
Anti-ESG backlash, reporting hurdles and regulatory uncertainty have put sustainability at a crossroads, panelists said.
By Suman Bhattacharyya • March 19, 2025 -
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OpinionSustainability as strategy: Why smart companies keep ESG policies despite political headwinds
ESG integration delivers operational benefits that transcend political viewpoints, says Aquent Sustainable Solutions Vice President Jody Mousseau.
By Jody Mousseau • March 18, 2025 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC pushes back Names Rule compliance dates
Funds will now have an additional six months to comply with the rule requiring funds’ investment strategies to align with any advertised purposes, like ESG or sustainability.
By Lamar Johnson • March 18, 2025 -
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EU sustainability, supply chain simplification efforts face ‘split’ parliament, experts say
Efforts to simplify compliance “shouldn't compromise the protection of the people and the planet,” a policy adviser to a member of the European Parliament said at a conference.
By Lamar Johnson • March 17, 2025 -
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US banks turn to SEC to dodge climate, social shareholder proposals
The agency has largely denied the requests, ruling that banks must put the requests to disclose its clean energy financing ratios and indigenous rights practices to a vote.
By Lamar Johnson • March 14, 2025 -
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Lego ramps up sustainable investments, nearly tripling green spending over 2 years
The Denmark-based toy manufacturer said its green investments last year were nearly three times what it spent on the sector in 2022.
By Zoya Mirza • March 14, 2025 -
Amazon, Google, Meta join pledge to help triple global nuclear capacity
“This is not the end; it is just the beginning,” the World Nuclear Association’s director general said of the 14 companies who committed to help expand nuclear capacity by 2050.
By Lamar Johnson • March 13, 2025 -
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COP30 president calls for ‘ambitious climate action,’ unveils initial vision for summit
Brazil’s André Corrêa do Lago called on governments to move from negotiation to implementation and increase their ambition when drawing up national emissions reduction plans.
By Zoya Mirza • March 12, 2025 -
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Climate United Fund sues EPA, Citibank over frozen $7B
The lawsuit asks the U.S. District Court for the District of Columbia to order the funds be unfrozen and disbursed.
By Diana DiGangi • March 12, 2025 -
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21 House Republicans oppose cutting clean energy credits to pay for tax cuts
“Both our constituencies and the energy industry alike remain concerned about disruptive changes to our nation’s energy tax structure,” the letter led by Rep. Andrew Garbarino, R-N.Y., said.
By Lamar Johnson • March 11, 2025 -
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US denounces UN’s sustainable development goals, quits climate damage fund
The U.S. voted against resolutions that promoted climate action and gender equality and withdrew from the United Nations’ Loss and Damage fund, all within a day.
By Zoya Mirza • March 11, 2025
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