Climate Finance

17 posts

Global Consensus is Emerging on Corporate Scope 3 Disclosures. Will the SEC Lead or Lag?

2023 is a significant year for corporate climate disclosure rules: regulators around the world are issuing or strengthening their disclosure requirements for registered companies pertaining to sustainability and climate-related financial risk. In Europe, the European Commission plans to finalize initial reporting standards for corporate sustainability reporting by June. UK regulators […]

The Fiduciary Duty of Directors to Manage Climate Risk: An expansion of corporate liability through litigation?

On  February 9, 2023, ClientEarth filed a derivative action against the Board of Directors of Shell at the High Court of Justice in England and Wales (ClientEarth v. Shell’s Board of Directors). The lawsuit alleges that the Board has failed to manage material and foreseeable climate risks, therefore breaching UK […]

DOL Rule Clarifies that ESG Analysis is Consistent with Fiduciary Duty. Will it Preempt State Anti-ESG Laws?

  The federal Department of Labor (“DOL”) issued a final rule on Tuesday, November 22, allowing plan fiduciaries to consider climate change and other environmental, social and governance (“ESG”) characteristics when they choose investments and exercise shareholder rights, reversing a Trump-era rule that sought to constrain this type of risk […]

Are Collective Net Zero Targets Anticompetitive?

  Over 150 business climate collaborations have arisen in recent years as the private sector has begun to grapple with its role in combatting climate change. The functions of these associations range from establishing shared net zero targets to developing frameworks for carbon accounting. As these groups have proliferated, they […]

The 2018 Farm Bill is surprisingly climate-conscious

By Peter Lehner, Managing Attorney, Sustainable Food and Farming, Earthjustice February 2019 Roughly every five years, Congress revises and renews the Farm Bill to fund our nation’s food security, nutrition, and farm conservation programs. The 2018 Farm Bill, which passed with large bipartisan majorities in both chambers, is surprisingly climate-conscious. Its successes will […]

Sports Organizations Buy Carbon Offsets to Finance Cookstoves in Low-Income African Countries

Five sports entities explained why they have become industry leaders by engaging with voluntary carbon offset markets at Friday’s Sports and Climate Change Summit. The New York Yankees, New York Mets, NASCAR, U.S. Tennis Association (USTA), and Major League Soccer (MLS) are each purchasing carbon offsets from cookstove projects in […]

Global Climate Change Negotiations Seek a Rulebook and Greater Ambition: Report from the Bonn Meetings

By Dena Adler Thousands of country delegates, NGO representatives, citizens, researchers, and members of the private sector converged in Bonn, Germany for two weeks of meetings to advance global climate change negotiations, ending on May 10. While the annual international climate summit, called the Conference of the Parties or “COP,” […]