Sierra Club analysis reveals banks continue to provide funding to coal utility parent companies, despite policies to restrict project-level loans to coal plants
Asset Manager’s New Stewardship Report Shows Decline Even From 2022’s Low Voting Performance; Vanguard’s Support for Environmental & Social Measures Is Even Less Than BlackRock’s
Americans for Financial Reform Education Fund, Public Citizen, Sierra Club engage with global standard setter on proposed guidance for financial institutions
Climate, public interest advocacy groups propose clear guidelines to better regulate nonbank financial institutions that threaten financial stability
NEW YORK — A new report by the Sierra Club’s Fossil-Free Finance campaign on the role of big US banks in capital markets reveals a hidden pipeline for fossil fuel financing through the banks’ underwriting of bonds and equities for polluting companies.
'This crusade against sustainable investing is nothing more than a manufactured culture war backed by fossil fuel interests and dark money funders.'
Executive Director Ben Jealous to speak at press conference on Wednesday, July 12 at 1:30pm ET
30 largest asset managers in Europe, US do not have sufficient policies to engage with companies
First comprehensive look at anti-ESG legislative campaign finds massive backlash
In a new report released earlier this week, Morningstar found that Vanguard’s support for ESG resolutions is half that of its rivals BlackRock and State Street. Morningstar examined 100 “key” resolutions at S&P 100 companies filed over a two-year period ending on March 31, 2023. Morningstar defined a “key” resolution as one that is supported by at least 40% of a company’s independent shareholders.