Securities and Exchange Commission Chairman Gary Gensler defended the agency’s use of tight deadlines for public input on rulemaking proposals in remarks before a group of financial industry representatives who want more time. Gensler acknowledged that the agency has mostly ...

A group of Wall Street giants has decided to sit out one of the industry’s biggest coalitions: the Glasgow Financial Alliance for Net Zero. GFANZ, whose members oversee $130 trillion, is finding it can’t attract some of the top names ...

Since the inception of the Sullivan Principles in 1977, responsible investors have sought to employ techniques to avoid investing in public companies that fail to mirror their mission, values, and beliefs. Today, investors of all sizes are ready to go ...

The global agreement reached at the United Nations’ COP26 summit in Glasgow last weekend may help solve one of the trickiest problems in climate policy: how to boost confidence in the voluntary market for carbon credits.   Such credits, or offsets, allow ...

Negotiators from almost 200 countries clinched a deal that seeks to keep the most ambitious goal of the Paris Agreement alive, breaking new ground in the fight against climate change but punting the hardest decisions into the future.​​ After two weeks of ...

With COP26, the United Nations Climate Change Conference, showing a world committed to doing better, advisers and clients increasingly may be seeking out investments that tackle climate change. It’s no exaggeration to say that climate change is an existential threat ...

Asset managers that say they’re committed to net-zero carbon emissions may just have failed their first real test. According to environmental nonprofit group Universal Owner, firms in the Net Zero Asset Managers initiative that have recently disclosed interim portfolio decarbonization targets are currently ...

A common framework of climate resilience metrics for businesses, investors, cities and regions was launched by the UN-backed Race to Resilience campaign on Adaptation, Loss and Damage Day Monday at COP26. The framework allows non-state actors to quantify and verify ...

Energy Day at COP26 saw two major agreements on the phasing out of coal with more than 40 countries committed to moving away from the fossil fuel, while some 20 countries stated that, from 2022, they will no longer fund ...

Treasury Secretary Janet Yellen will meet Tuesday with finance-industry leaders at the United Nations COP26 conference in Glasgow, Scotland, urging them to channel more private capital into the fight against climate change. Executives expected to attend the meeting include Bank ...