Tag: economy and society

In this week’s edition of Economy and Society: Around the world EU adopts voluntary standards for carbon removal What’s the story? On Feb. 3, 2026, the European Commission announced that it adopted voluntary standards for carbon removal projects, creating a framework to enable certification and investment in permanently remove carbon dioxide from the atmosphere. The…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Senate Banking chair aligns with Trump on ESG What’s the story? On Jan. 22, 2026, Senate Banking Committee Chairman Sen. Tim Scott (R-S.C.) said that he supports President Donald Trump’s (R) efforts to limit the use of non-financial screening criteria…

In this week’s edition of Economy and Society: Around the world JP Morgan Asset Management reduces restrictions on defense investment What’s the story? JP Morgan Asset Management (JPMAM) lifted defense-related investment exclusions across dozens of its United Kingdom and European funds, allowing those funds to invest in a wider range of defense and aerospace companies,…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world House passes bill limiting ESG use in retirement plans What’s the story? On Jan. 15, 2026, the Republican-led U.S. House of Representatives passed the Protecting Prudent Investment of Retirement Savings Act (H.R. 2988) by a 213–205 vote, advancing legislation that…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Investor group urges SEC to oppose forced arbitration What’s the story? The Council of Institutional Investors (CII) sent a letter on Nov. 6, 2025, to Securities and Exchange Commission (SEC) Chairman Paul S. Atkins opposing recent SEC actions related to…

In this week’s edition of Economy and Society: Around the world China launches first corporate climate disclosure standards What’s the story? On Jan. 5, China's Ministry of Finance released the country’s first national corporate climate report framework, titled Corporate Sustainable Disclosure Standard No. 1 – Climate (Trial). The standard sets voluntary guidelines for companies to…

In this week’s edition of Economy and Society: Programming note: Economy & Society is off the next two weeks. We’ll be back on Jan. 7, 2026.  In Washington, D.C., and around the world President Trump expands oversight of proxy advisors What’s the story? Last week, President Donald Trump (R) issued an executive order increasing federal…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Senator proposes limits on proxy voting in federal retirement plan What’s the story? On Nov. 25, Senator Ted Cruz (R-Texas) proposed legislation affecting the federal Thrift Savings Plan (TSP), the retirement program for civilian federal employees and active-duty service members.…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world SEC limits no-action responses for proxy season What’s the story? The Securities and Exchange Commission (SEC) announced on Nov. 17 that it will not respond to most no-action requests, which companies file when they want SEC staff to confirm they…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world Trump weighs executive order to limit proxy advisors What’s the story? The Trump administration is considering an executive order that would reduce the influence of Institutional Shareholder Services (ISS) and Glass Lewis, the two largest proxy advisory firms in the…