The Latest Breaking News from GFANZ

Banks, asset managers and industry groups move to accommodate US president’s anti-net zero stance

The scope of the Cop26 net zero banking alliance may have been limited, but the exodus of six US banks signifies a seismic political shift, says senior research fellow Adrienne Buller

Vanguard, the world’s second-largest asset manager, announced it is resigning from a global net-zero initiative

A year ago at the U.N. climate talks in Glasgow, Scotland, countries, banks and business leaders announced a slew of climate plans and pledges. Here is an update on how some of the biggest promises have since progressed.

A coalition of financial firms led by former Bank of England governor Mark Carney that aims to tackle climate change said on Thursday it has dropped a requirement for its members to sign up to a United Nations emissions reduction campaign.

Former BoE governor admits his net zero alliance weakened veto on coal investment because of ‘antitrust concerns’

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

‘Net zero’ global alliance of financial institutions, begun at Cop26, can still invest in coal and other fossil fuels

"[P]olitics has no place in Kentucky's public pensions.... '[S]takeholder capitalism' and 'environmental, social, and governance' investment practices that introduce mixed motivations to investment decisions are inconsistent with Kentucky law governing fiduciary duties owed by investment management firms to Kentucky's public pension plans."