fossil-free-finance

May 23, 2024

NEW YORK, NY – This week, the last two major US banks, JPMorgan Chase and Morgan Stanley, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and impacts on Indigenous Peoples' rights. So far this season, investors have consistently demanded more transparency on similar resolutions at other major US banks. 

May 22, 2024

New York, NY – A group of thirteen trustees and state financial officers, including New York City Comptroller Brad Lander and California Treasurer Fiona Ma, filed an exempt solicitation urging major asset managers to vote against ExxonMobil Director Joseph Hooley and CEO Darren Woods at the upcoming annual general meeting on May 29, 2024. 

May 14, 2024

In response to the news that Vanguard has hired Salim Ramji as its next CEO, members of the Vanguard S.O.S. campaign, which consists of civil society organizations focused on climate risk and responsible investing, released the following statements: 

May 15, 2024

New York - Today, BlackRock held its annual general meeting (AGM), where shareholders voted on the election or reelection of members to the Board and investor proposals, including on reviewing the company’s climate-related proxy voting record. 

May 13, 2024

New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.

May 13, 2024

New York, NY — Released today, the 15th annual Banking on Climate Chaos (BOCC) report employs a new, expanded data set that credits each bank making financial contributions to a deal instead of only crediting banks in leading roles.

May 8, 2024

LOS ANGELES –  An unprecedented coalition that includes unions representing a majority of current workers invested in CalPERS, the second largest union representing CalSTRS members and leading environmental groups in California are calling on CalPERS and CalSTRS, the two largest public pension funds in California, to hold ExxonMobil accountable following the company’s lawsuit against shareholders.  

May 1, 2024

Today, New York City Comptroller Brad Lander announced that the New York City Employees' Retirement System (NYCERS) will use its shareholder power to vote against Amin Nasser, CEO of Saudi Aramco, for a seat on the board of BlackRock, and is urging other shareholders to do so as well.

April 30, 2024

Today, two major U.S. banks, Citigroup and Wells Fargo, held their annual general meetings (AGMs), where shareholders voted on investor proposals calling for greater transparency on human rights policies and climate-related political lobbying.

April 24, 2024

NEW YORK – Today, two major U.S. banks, Bank of America and Goldman Sachs, held their Annual General Meetings (AGMs), where shareholders voted on several investor proposals calling for stronger transparency on energy financing and other climate-related issues.

April 19, 2024

Each April and May, many major corporations hold their annual general meetings (AGMs), which are an opportunity for shareholders to vote for or against board members, and on resolutions about sustainability concerns and other critical issues. 

April 4, 2024

New York, NY – After successful shareholder engagements, New York City Comptroller Brad Lander and trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems) have reached agreements with JPMorgan Chase, Citi, and the Royal Bank of Canada that the banks will regularly disclose their ratio of clean energy supply financing to fossil fuel extraction financing (Energy Supply Ratio) and their underlying methodology.