Allstate Corporation announced a commitment to achieve net zero emissions for direct, indirect and value-chain greenhouse gas emissions by 2030. In addition, the personal lines giant has set 2025 as the target year for achieving a net zero investment portfolio. …
Financial executives and Texas state senators clashed over company concerns for climate change at a hearing on Thursday, a rare in-person confrontation as Republicans ramp up attacks on the use of environmental, social and governance (ESG) factors in investing. Texas …
Too many companies are failing to respond to environmental transparency requests, non-profit platform CDP said on Tuesday, after only 1.3% of over 900 firms scored an “A” based on their climate change, forests and water security disclosures. CDP, the world’s …
Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House panel said about documents released on Friday that it got in a probe. Democrats on …
Climate change-related litigation has more than doubled in the past seven years globally according to a June report by the London School of Economics, and is moving beyond traditionally polluting industries such as fossil fuel production. At the COP27 climate …
Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe. In its quarterly report filed with the SEC, the fourth-largest …
A U.S. appeals court on Friday upheld the “social cost of carbon” calculation used by President Joe Biden’s administration, which sharply boosts the price tag policy makers will put on the environmental impact of greenhouse gas emissions from that used …
A group that works with union pension funds is pressing Hyundai Motor Co to respond to reports of child labor at U.S. parts suppliers, warning of potential reputational damage to the Korean automaker. SOC Investment Group, which works with union …
ESG investment strategies are being probed for deceptive labeling, criticized for excluding firms like Tesla Inc. and questioned as to whether they actually work. All this, some sustainable fund managers said, could be a good thing. Tough scrutiny of loosely-regulated …
In addition to predicting greater geopolitical volatility driven by global food and energy insecurity, Chubb’s chief executive warned carriers to brace for greenwashing lawsuits on the horizon—against D&O insureds and insurers themselves—at an industry gathering yesterday. Speaking at the 38th …
