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Press Releases


Memo on Trade Day at COP 28: Industrial Decarbonization and Climate-Forward Trade

Monday, December 4, is Trade Day and Tuesday, December 5, is Industry and Energy Day at COP 28, where the UN’s leading climate change conference will focus on a variety of issues including industrial…

New Standards Set the Baseline for Bank Reporting on Emissions from Capital Markets Activities

NEW  YORK – New guidance published today by the Partnership for Carbon Accounting Financials (PCAF), a global partnership of more than 450 financial institutions, sets the standard for how its…

Indo-Pacific Economic Framework Agreements are a Small Step Forward on Climate-Friendly Economic Cooperation

SAN FRANCISCO — The United States has joined 13 other countries in announcing major milestones related to the Indo-Pacific Economy Framework for Prosperity (IPEF) at the conclusion of talks in San…

New Climate Report from JPMorgan Chase is a Mixed Bag on Disclosures, Emissions Reduction Targets

NEW YORK — Today, JPMorgan Chase, the largest U.S. bank and the world’s biggest funder of fossil fuels, released its newest climate report, in addition to an updated methodology report and a white…

Senate Committee Hearing on Industrial Decarbonization Demonstrates How Better Emissions Data Will Benefit American Manufacturing

WASHINGTON, DC — Today, hours before U.S. President Joe Biden and Chinese leader Xi Jinping met to restart talks on a variety of issues, the U.S. Senate Committee on Environment & Public Works…

Advocacy Groups Call GFANZ's Proposed Method for Measuring Transition Finance 'Fatally Flawed'

NEW YORK — Reclaim Finance, Sierra Club and seven other advocacy organizations have warned in a comment letter that a proposed new method for financial institutions to measure their decarbonization…

30+ Advocacy Groups Write Letter to House Leadership in Opposition to Anti-ESG Bills

WASHINGTON, DC — Americans for Financial Reform, Sierra Club, and more than 30 advocacy groups have written a letter to House leadership in opposition to eight anti-ESG bills that were marked up by…

General Services Administration to Spend $2B from IRA on Low-Carbon Materials

WASHINGTON, DC — Today the General Services Administration announced plans to spend $2 billion in funding from the Inflation Reduction Act (IRA) to purchase construction materials with substantially…

FSOC Establishes Guidelines on Nonbank Financial Institutions, Analytic Framework to Identify Financial Stability Risks

WASHINGTON, DC — The Financial Stability Oversight Council (FSOC) today published its final guidelines on two proposals: an analytical framework that strengthens FSOC’s toolbox for addressing threats…

As Climate Change Drives Insurance Crisis, Advocacy Groups Call on FSOC to Protect Economy

WASHINGTON, D.C. – As insurers announce another year of massive climate-related losses in the third quarter, the Sierra Club has joined a coalition of environmental, financial and consumer protection…