Commentators who advocate either for or against corporate and asset managers addressing climate risks often refer to “fiduciary duty” as justification for their claims. Yet no field of corporate or asset management actually imposes one standalone fiduciary duty. Nor do any two business-law fields impose the same fiduciary regime. […]
Climate Finance
26 posts
This blog is the first in a three-part series on sustainable finance metrics that better evaluate corporate climate risk, opportunity, and impact, and make metrics more relevant to financial decision-making. Corporate climate practices have matured for over a decade, creating a specialized industry of experts evaluating climate performance within […]
Note: The views reflected in the post are those of the author and the author alone, and do not necessarily reflect the views of the Sabin Center or anyone at the Sabin Center. At a colloquium co-sponsored at Columbia Law School by the Ira M. Millstein Center […]
Under new leadership appointed by the Trump administration, federal agencies have weakened key regulations meant to protect the economy from the financial harms of climate change. Some of the targeted regulations seek to manage climate risk; others constrain corporate actions or investment strategies on a range of environmental, social, or […]
As the physical and economic harms of climate change accumulate, corporate managers have faced increasing pressure to reduce their companies’ greenhouse gas emissions and adapt their businesses to climate-related risks. In parallel, civil society organizations and activist investors have increasingly sought to compel private sector action on climate change, while […]
What will happen to the SEC’s March 2024 climate disclosure rule under the new federal administration? A paper published by Columbia University’s Sabin Center for Climate Change Law and the Columbia Center on Sustainable Investment (CCSI) seeks to contribute to the upcoming debates on this question. In their joint report, […]
In recent years, climate experts and even regulators have increased attention on the financial sector as a driver of both emissions and capital formation in the low-carbon economy. There has been growing emphasis on “aligning” capital allocation by financial institutions to the transition to net zero greenhouse gases (GHG) in […]
Last week was big for green bank champions. On Thursday April 4th, the Environmental Protection Agency announced $20 billion of awards from the $27 billion Greenhouse Gas Reduction Fund (GGRF) created under the Inflation Reduction Act (IRA). Three applicants were selected under the $14 billion National Clean Investment Fund, […]