Archive

New York state to fine fossil fuel companies $75bn by 2050 under new law

Sustainable debt round-up: UK, JFK Airport, Vattenfall ... and more

New York State pension fund looks to ramp up climate investments

The New York State Common Retirement Fund has revealed to an Environmental Finance conference that it intends to scale-up its sustainable investments from an existing $22 billion to $40 billion.

Rio Tinto, Berkshire Hathaway votes 'flagged' to investors by CA100+

US still 'fertile ground' despite ESG pushback, says NY Green Bank

Media coverage of the growing anti-ESG backlash in the US fails to recognise the growing sustainable investment opportunities in the states, the New York Green Bank said.

New York prepares second $700m social bond

The City of New York is planning in October to raise $700 million from its second social bond, which will be used to build 4,500 affordable homes in the city.

US banks facing NYC pension fund pressure on climate targets

Bank of America, JP Morgan Chase and Goldman Sachs are preparing to face a shareholder vote on a resolution asking them to set absolute greenhouse gas (GHG) emissions reductions targets, as a major investor criticised them for "lagging peers" in this area.

NY Fed: US bank transition risk exposure 'meaningful, but manageable'

Research by the New York Federal Reserve said that US banks have a "meaningful" but "not very large" exposure to climate transition risk in their loan portfolios, with even the most severe scenarios impacting no more than 16% of their loan books.

New York State pension fund targets improved diversity and inclusion

US pension funds call on banks to disclose emissions targets