Tag: economy and society

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…

In this week’s edition of Economy and Society: In Washington, D.C., and around the world EU signals flexibility on ESG rules after U.S. pressure What’s the story? The European Commission’s economy and productivity chief, Valdis Dombrovskis, said the European Union (EU) may adjust its approach to upcoming environmental, social, and governance (ESG) reporting and due-diligence…

In this week’s edition of Economy and Society: On Wall Street and in the private sector Net Zero Asset Managers Initiative relaunches without net-zero deadline What’s the story? The Net Zero Asset Managers Initiative announced on Oct. 30, 2025, that it will resume operations after pausing earlier this year to review its climate commitments. The…

In this week’s edition of Economy and Society: Around the world EU Parliament rejects plan to simplify ESG rules What’s the story? The European Parliament voted on Oct. 22, 2025, to reject a proposal that would have simplified the European Union’s (EU) sustainability reporting and due diligence rules. The bill sought to narrow company-size thresholds…

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…