WASHINGTON, D.C. — Today, Sierra Club released a new analysis of public data published by Urgewald on fossil fuel bond holdings across 40 U.S. public pension funds, finding that fossil fuel debt remains embedded in public pension portfolios and available bondholding data are significantly incomplete.
NEW YORK, NY — New York City Comptroller Mark Levine announced Wednesday that the Bureau of Asset Management expects to present a total of $5 billion in new private-market climate investment opportunities to the boards of the New York City Employees’ Retirement System (NYCERS), Teachers’ Retirement System (TRS), and Board of Education Retirement System (BERS),
BOSTON, MA — The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has completed a review of how active equity managers assess climate-transition risk in high-emitting portfolio companies and incorporate that analysis into their investment decisions. The fund plans to use the findings in its overall evaluation of manager quality and the selection of new active managers.
WASHINGTON, D.C. — As the public comment period closes today on the Securities and Exchange Commission’s proposal to rescind its 2024 climate disclosure rule, the Sierra Club submitted and joined multiple filings opposing the rollback. These include an organizational comment, a grassroots submission backed by more than 2,000 Sierra Club members and supporters, and two coalition comment letters addressing the proposal’s legal and financial-market implications.
NEW YORK, NY — The Center for Active Stewardship (CAS) announced today the addition of the Sierra Club’s Hidden Risk scorecard to its public proxy voting Scorecards platform, which tracks how leading asset managers and their funds vote on shareholder proposals.
The two largest US asset managers, Vanguard and BlackRock, scored 0% and 1% alignment with Sierra Club recommendations, compared to several dozen institutions with 100% alignment.
Search should ensure pension mandates are awarded only to firms with credible climate-risk management and responsible stewardship
NEW YORK, NY — The 17th edition of the Banking on Climate Chaos (BOCC) report released today finds that the world’s 65 largest banks committed $906 billion to fossil fuel companies in 2025, an increase of 8% from the previous year. Since the Paris Agreement was signed a decade ago, these banks have channeled $8.7 trillion into oil, gas, and coal operations.
WASHINGTON, D.C. — The Securities and Exchange Commission today formally proposed rescinding its 2024 climate disclosure rule, moving forward with an effort to eliminate federal requirements for public companies to disclose standardized information about financially material climate-related risks and, for some companies, greenhouse gas emissions.
WASHINGTON, D.C.
WASHINGTON, D.C. — The Securities and Exchange Commission has submitted a proposed rule titled “Rescission of Climate-Related Disclosure Rules” to the White House Office of Management and Budget for review, advancing the agency’s effort to formally rescind its 2024 climate disclosure rule.
Annual reports show progress toward net-zero goals and highlight next steps on climate-solutions standards and asset manager accountability
Report evaluates and ranks 33 of the largest funds, highlighting gaps in proxy voting practices