The sustainability nonprofit Ceres submitted comments today in support of the U.S. Securities and Exchange Commission’s (SEC) proposed rules which aim to strengthen protections and address increasing confusion and greenwashing concerns around the rapid growth of ESG-oriented funds.
Analysis from Ceres and Clean Air Task Force benchmarking the relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions of more than 300 U.S. oil and gas producers finds dramatic variations between companies and basins. In the second year of this analysis, the highest emitting oil and gas companies had a methane emissions intensity nearly 23 times that of the lowest emitting companies according to the most recently available data from the U.S. Environmental Protection Agency.
Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.
June 27, 2022 /3BL Media/ - A new scorecard released today by Ceres shows that U.S. financial regulators across nine federal agencies have taken 230 actions since April 2021 to tackle the financial risks of climate change, a clear sign of regulatory progress.
Report highlights both the challenges and opportunities facing the U.S. credit union industry, and offers a set of clear action steps
Ceres and the Filene Research Institute have released a new report that finds thousands of U.S credit unions have significant unaddressed risk arising from the climate crisis. This first-of-its-kind analysis provides insights on how credit unions can respond to the climate crisis, mitigate their risks, and become part of a system-wide solution.
April 9, 2022 /3BL Media/ - Ceres applauds the National Association of Insurance Commissioners (NAIC) for its vote today to approve the revised Climate Risk Disclosure Survey.
This revised survey responds to recommendations from the U.S. Treasury Department’s Financial Stability Oversight Council’s climate recommendations and incorporates international best practices in adopting a framework for U.S. insurers to report on climate risk.
March 21, 2022 /3BL Media/ - Ceres welcomes a new landmark rule proposal issued today by the U.S. Securities and Exchange Commission (SEC) that would require U.S. publicly-traded companies to disclose annually how their businesses are assessing, measuring, and managing climate change financial risks. The proposal is aligned with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), the leading global framework supported by more than 3,000 companies and 90 jurisdictions around the world.
46 shareholder resolutions for 2022 proxies call out corporations for public statements on climate action that don’t align with their lobbying activities
With the stakes posed by the climate crisis higher than ever and public policy solutions clearly needed, investors have filed a record 46 shareholder resolutions for 2022 corporate proxies seeking information about companies’ climate lobbying practices. And in a sign of the growing influence of resolutions after last year’s historically high number of majority votes on climate-related proxy items, companies have already negotiated agreements on a record 18 lobbying-focused resolutions, vowing to take the actions sought in exchange for shareholders withdrawing resolutions.
Eighty-seven percent of Americans, including 74 percent of Republicans, agree that public companies should disclose their risks from climate change
February 17, 2022 /3BL Media/ - As the public awaits the U.S. Securities and Exchange Commission’s proposed rule on mandatory climate disclosure for publicly-traded companies, a new poll sponsored by the nonprofits Ceres and Public Citizen, in partnership with JUST Capital and SSRS, found that 87 percent of Americans are in favor of companies reporting their climate-related risks.
PHILADELPHIA, January 12, 2022 /3BL Media/ - The Risk Management Association (RMA) announced today that 19 leading banks have formed the RMA Climate Risk Consortium (“The Consortium”), which will develop standards for banks to integrate climate risk management throughout their operations, preparing the industry to help economies transition to a low-carbon future.