fossil-free-finance

Vanguard Supports Only 2% of US Environmental, Social Shareholder Resolutions in 2023

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

SBTi’s Proposed Standards Represent Important Progress in Tackling Greenwashing and Ensuring Credible, Science-Based Net-Zero Pledges from Financial Institutions

Americans for Financial Reform Education Fund, Public Citizen, Sierra Club engage with global standard setter on proposed guidance for financial institutions

As Financial Risks from Climate Grow, Advocacy Groups Push FSOC to Enact Safeguards

Climate, public interest advocacy groups propose clear guidelines to better regulate nonbank financial institutions that threaten financial stability

New Report: US Banks’ Role in Capital Markets Reveals Hidden Pipeline for Fossil Fuel Financing

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.

Sierra Club Statement on House Financial Services Committee Hearings on ESG

'This crusade against sustainable investing is nothing more than a manufactured culture war backed by fossil fuel interests and dark money funders.'

Advisory: Sierra Club to Join Sustainable Investment Caucus for Press Conference Following House Financial Services Committee Hearing

Executive Director Ben Jealous to speak at press conference on Wednesday, July 12 at 1:30pm ET

New Analysis Reveals Asset Managers' Complicity in Fossil Fuel Expansion

30 largest asset managers in Europe, US do not have sufficient policies to engage with companies

Report: Business, Labor, Environmental Advocates Stall Right-Wing Attack on Freedom to Invest Responsibly

First comprehensive look at anti-ESG legislative campaign finds massive backlash

Morningstar Research Finds Big Gap Between World's Biggest Asset Managers on Sustainability Voting

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.

One Year After Explosion in Freeport, Sierra Club Joins 140+ Groups to Demand Insurance Companies Stop Insuring Dangerous Methane Gas Expansion

As insurers abandon communities facing rising climate threats from the Gulf Coast to California, fears of an uninsurability crisis in the US are growing.

Ahead of Toyota’s Annual General Meeting, California and New York Pensions Tell the Automaker to Clean Up Its Act

CA & NY – Ahead of Toyota’s Annual General Meeting (AGM) later this month, two of the nation’s largest pension systems – California Public Employees' Retirement System (CalPERS) and the Office of the New York City Comptroller – just voted against the re-election of Toyota Chairman Akio Toyoda and in support of a resolution urging Toyota to improve disclosure of its lobbying on climate change. 

BlackRock Shareholders Vote on Climate Risk Mitigation Resolution at Annual Meeting

Proposal receives 10% support from investors, the highest of all shareholder resolutions filed at the asset manager this year