Tag: economy and society

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Regulators withdraw climate-risk principles for large banks What’s the story? On Oct. 9, the Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced they will withdraw the Principles for Climate-Related Financial Risk Management for Large Financial Institutions. The principles were…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world SEC chairman looks to limit ESG shareholder proposals What’s the story? The Securities and Exchange Commission (SEC) will reevaluate its shareholder proposal rule, a federal rule that allows investors to include certain proposals in company proxy filings, Chairman Paul Atkins…

In this week’s edition of Economy and Society: Around the world World’s largest pension fund considers shift toward impact investing What’s the story? Japan’s Government Pension Investment Fund (GPIF), the world’s largest pension fund, with about $1.8 trillion in assets, is considering an expansion into impact investing—a strategy aimed at generating measurable social or environmental…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world European Commission delays interim climate goals What’s the story? The European Commission said it will miss the September deadline to submit its 2035 emissions reduction target under the Paris Climate Agreement. Member states are split on how much to cut:…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world EPA proposes ending emissions reporting What’s the story? On Sept. 13, the Environmental Protection Agency (EPA) published a proposed rule that would eliminate the Greenhouse Gas Reporting Program (GHGRP), which requires fossil fuel producers to disclose carbon emissions. Administrator Lee…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Department of Labor announces ESG retirement plan rule What’s the story? The Department of Labor (DOL) announced Sept. 4 that it will issue a new rule governing the use of environmental, social, and governance (ESG) factors in retirement plans covered…

In this week’s edition of Economy and Society: Around the world Net Zero Banking Alliance to suspend operations What’s the story? On Aug. 27, the Net Zero Banking Alliance (NZBA) announced that it is suspending operations, as a number of large banks have exited the group over the last several months. Why does it matter?…

In this week’s edition of Economy and Society: Around the world US-EU trade agreement has ESG implications What’s the story? The United States and the European Union last week released a joint statement announcing they reached an agreement on trade and tariffs. Details have yet to be finalized, but the EU said it would make…

In this week’s edition of Economy and Society: Around the world Canadian think tank publishes report on ESG ratings What’s the story? On Aug. 15, The Fraser Institute, a Canadian think tank, published a report titled “A Lawsuit Waiting to Happen: The Use of Non-Financial Metrics by the Investment Industry.” The report states that: Why…