Finance: Page 2


  • Bloomberg Logo from 2014 Tribeca Film festival
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    Slaven Vlasic via Getty Images
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    Bloomberg unveils climate tool focused on portfolio risk management

    Bloomberg’s MARS Climate aims to help portfolio managers and investors assess and manage the financial risks associated with climate change.

    By Feb. 24, 2025
  • Aerial view of wind turbines taken with a drone in Vermont.
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    Gabriel Shakour via Getty Images
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    Trump’s tariffs could raise onshore wind turbine costs by 7%, slow development: WoodMac

    Wind generation deployments could be reduced by nearly a third by the end of this decade due to the tariffs, according to a Wood Mackenzie analyst.

    By Emma Penrod • Feb. 21, 2025
  • The HSBC logo is seen outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC delays net-zero emissions goal by 20 years

    The U.K.-based bank said it was “revising [its] ambition” and delaying its target of hitting net-zero across its operations, business travel and supply chain from 2030 to 2050.

    By Feb. 20, 2025
  • Two people walk past a Chase bank branch.
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    Spencer Platt via Getty Images
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    Banks back away from DEI mentions

    JPMorgan Chase, Citizens and Huntington have reduced or eliminated their references to diversity, equity and inclusion amid a White House crackdown, according to the banks’ latest annual filings.

    By Caitlin Mullen • Feb. 20, 2025
  • The Wall Street street sign is visible in the foreground with a picture of a trader in front of the stock market on the left of the sign. Three american flags are out of focus in the background.
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    Spencer Platt via Getty Images
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    Dems ask SEC, DOL to not issue anti-ESG rules: Exclusive

    A coalition of 17 blue state finance officials sent a letter to the agencies to counter prior assertions made by their Republican colleagues.

    By Feb. 20, 2025
  • House Financial Services Committee Chair French Hill speaking
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    Anna Rose Layden via Getty Images
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    CSDDD is a ‘non-tariff barrier’ for US companies: House Financial Services Chair

    Rep. French Hill said during a webinar that the Corporate Sustainability Due Diligence Directive will create costly barriers for U.S. corporations to do business in and engage with the bloc. 

    By Feb. 19, 2025
  • JPMorgan Chase building signage in New York City
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    Michael M. Santiago / Staff via Getty Images
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    Climate change should be incorporated into ‘daily decision-making’: JPMorgan

    “Understanding climate risk is important for staying ahead in the financial landscape,” JPMorgan’s chief risk officer and global head of corporate advisory wrote in a new report.

    By Feb. 19, 2025
  • A brown Department of Labor sign in front of a beige building under a clear blue sky.
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    iStock Editorial via Getty Images
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    Federal judge sides with Biden Labor Dept. on ESG fiduciary rule

    A U.S. District judge for Northern Texas said the rule is still valid under Loper Bright and does not violate the Employment Retirement Income Security Act of 1974.

    By Feb. 18, 2025
  • Pennsylvania Gov. Josh Shapiro speaks at a podium.
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    Mark Makela via Getty Images
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    Pennsylvania Gov. Shapiro sues Trump admin over IRA funding freeze

    The state’s agencies have limited access to over $3.1 billion in funding for activities including distributed solar deployment, well plugging and weatherization, according to the lawsuit.

    By Diana DiGangi • Feb. 18, 2025
  • whistleblower program, Peirce, Uyeda, confidentiality
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    hapabapa via Getty Images
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    The SEC has requested to delay climate rule arguments. What’s next?

    Sustainable investing experts are not surprised by the delay and say it is expected to have minimal immediate impact.

    By Feb. 13, 2025
  • The skyline of Manhattan's Chelsea neighborhood at sunset.
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    chrisp0 via Getty Images
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    New York loans Revel $60M to expand NYC public EV charging

    NY Green Bank's president said the financial arrangement is “an important and replicable precedent” to accelerate electric vehicle charging.

    By Robert Walton • Feb. 13, 2025
  • OCC
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    Retrieved from OCC.
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    Office of the Comptroller of the Currency latest to exit central bank climate coalition

    The OCC’s acting comptroller said participation in the Network of Central Banks and Supervisors for Greening the Financial System does not fall within the agency’s “statutory mandate.”

    By Feb. 12, 2025
  • Mark Toshiro Uyeda testifies at a Senate hearing.
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    Tasos Katopodis via Getty Images
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    Acting SEC chair asks court not to schedule climate rule arguments

    “The Commission’s briefs previously submitted in the cases consolidated in the Eighth Circuit do not reflect my views,” Acting Chair Mark Uyeda said.

    By Feb. 11, 2025
  • The HSBC sign and logo pictured outside a bank branch.
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    Matt Cardy via Getty Images
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    HSBC taps global banking executive for chief sustainability officer role

    Julian Wentzel — previously HSBC’s head of global banking for the Middle East, North Africa and Turkey — becomes sustainability chief after serving as interim CSO.

    By Feb. 11, 2025
  • Roger Garbey (top) and Andres Hernandez, from the Goldin Solar company, install a solar panel system on the roof of a home a day after the Trump administration announced it will impose duties of as mu
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    Joe Raedle via Getty Images
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    EPA funding freeze endangers $7B Solar For All program

    “We don't know how much money got out the door, we don't know how much money the administration can seek to claw back,” said Vote Solar’s executive director, Sachu Constantine.

    By Diana DiGangi • Feb. 11, 2025
  • Google
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    Michael M. Santiago via Getty Images
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    Google contracts over $100M in carbon removal credits in 2024

    “We’re encouraged by our progress, but the journey to catalyze carbon removal is just beginning,” Google Carbon Credits and Removals Lead Randy Spock said.

    By Feb. 7, 2025
  • The dome of the U.S. Capitol Building as seen at dawn.
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    Win McNamee via Getty Images
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    Clean energy stakeholders descend on Capitol to lobby for IRA tax credits

    Groups participating in the lobbying blitz in Washington, D.C. represent over 2,000 companies and hundreds of billions of dollars in private investment, according to the Solar Energy Industries Association.

    By Diana DiGangi • Feb. 6, 2025
  • Snow seen melting in front of the New York State Capitol building.
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    Matthew Cavanaugh via Getty Images
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    New York reintroduces bills seeking climate risk, emissions disclosures

    Senate Bills 3456 and 3697, if approved, would mandate climate-related disclosures from large companies operating in the Empire State as early as 2027.

    By Feb. 6, 2025
  • Wall Street sign with U.S. flags in background
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    lucky-photographer via Getty Images
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    ESG encountering widening ‘gulf’ between US and European investors: Morningstar

    “We are definitely seeing a widening gap … between asset manager support for environmental and social-related voting initiatives," Morningstar Sustainalytics’ director of investment stewardship research said.

    By Feb. 5, 2025
  • outside counsel, law firms
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    Violeta Stoimenova via Getty Images
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    Companies reduce philanthropy aimed at boosting racial, gender equality

    Change in “corporate citizenship” initiatives coincide with a federal backlash against efforts to promote sustainability in the private and public sectors.

    By Jim Tyson • Feb. 5, 2025
  • CEO leads a discussion among executives at the company
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    Caiaimage/Caiaimage/Robert Daly via Getty Images
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    Vanguard dilutes diversity guidelines for US board proxy voting

    The updated policies exclude a recommendation that boards “at a minimum, represent diversity of personal characteristics, inclusive of at least diversity in gender, race and ethnicity.”

    By Feb. 4, 2025
  • Group of executives looking over finances
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    AmnajKhetsamtip via Getty Images
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    Republican officials urge SEC, DOL to adopt anti-ESG, DEI rules

    The letter signed by 22 Republican state finance officials cited American Airlines’ recent legal loss as evidence that fiduciaries are breaching their duty to loyalty with regards to ESG and DEI.

    By Feb. 3, 2025
  • Scott Bessent testifies before the Senate Finance Committee.
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    Chip Somodevilla via Getty Images
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    Treasury Department exits global regulatory climate coalition

    The Treasury’s Federal Insurance Office withdrew from the Network of Central Banks and Supervisors for Greening the Financial System last week to comply with President Donald Trump’s executive orders.

    By Feb. 3, 2025
  • A wind turbine near a fossil fuel power plant in Massachusetts
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    Maudib via Getty Images
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    Banks improving clean energy finance ratios, still well-short of net-zero pace: report

    “The ratio isn’t evolving at the pace needed to hit the 4:1 level required this decade under commonly referenced scenarios to limit climate change to 1.5 [degrees Celsius],” according to BloombergNEF.

    By Jan. 31, 2025
  • Wildfire smoke casts a haze over the National Mall.
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    Chip Somodevilla via Getty Images
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    Developments driving the ESG, sustainability industry in 2025

    The change in U.S. presidential leadership has triggered drawbacks of ESG and DEI commitments, as the private sector braces for a change in political direction.

    By , Jan. 31, 2025