What: A new forthcoming report from the Sierra Club shows that all six major US banks — JPMorgan Chase, Bank of America, Citi, Wells Fargo, Goldman Sachs, and Morgan Stanley — are falling short in implementing best practices for interim emissions targets, exclusion policies, and disclosures to demonstrate alignment with their commitments to net-zero emissions by 2050.
Washington, D.C. — Today, a coalition of public interest organizations filed an amicus brief in the U.S.
Yesterday, Louisiana State Treasurer Dr.
“We will hold any financial institutions that choose to support these projects accountable for such impacts.”
** READ THE LETTERS HERE **
Valley Forge, PA – Today, 8,056 individual Vanguard (VG) clients released a letter welcoming Salim Ramji to the role as CEO of The Vanguard Group. The letter is a clear expression of clients’ desire to see Ramji center climate risk as a priority in Vanguard's investment and stewardship strategies under his tenure.
NEW YORK, NY – This week, the last two major US banks, JPMorgan Chase and Morgan Stanley, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and impacts on Indigenous Peoples' rights. So far this season, investors have consistently demanded more transparency on similar resolutions at other major US banks.
New York, NY – A group of thirteen trustees and state financial officers, including New York City Comptroller Brad Lander and California Treasurer Fiona Ma, filed an exempt solicitation urging major asset managers to vote against ExxonMobil Director Joseph Hooley and CEO Darren Woods at the upcoming annual general meeting on May 29, 2024.
In response to the news that Vanguard has hired Salim Ramji as its next CEO, members of the Vanguard S.O.S. campaign, which consists of civil society organizations focused on climate risk and responsible investing, released the following statements:
New York - Today, BlackRock held its annual general meeting (AGM), where shareholders voted on the election or reelection of members to the Board and investor proposals, including on reviewing the company’s climate-related proxy voting record.
New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.
New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.
LOS ANGELES – An unprecedented coalition that includes unions representing a majority of current workers invested in CalPERS, the second largest union representing CalSTRS members and leading environmental groups in California are calling on CalPERS and CalSTRS, the two largest public pension funds in California, to hold ExxonMobil accountable following the company’s lawsuit against shareholders.