Agency FilingFinancial RegulationRegulatory Activities Comments on Department of Labor Fiduciary Duties Regarding Proxy Voting and Shareholder Rights Rule These comments argue that DOL's Proxy Voting Rule fails to consider evidence that ESG investing is a valid investment strategy.Jayni Hein, Alex Song, Michael Panfil and Sarah LadinOctober 5, 2020
Event/ConferenceFinancial DisclosureFinancial Regulation Corporate Climate Risk: Assessment, Disclosure, and Action A video recording is available of this conference on corporate climate-related financial risk, including panels on assessing risk, economic implications for mitigation, the current state of disclosure, and policy considerations for regulators.Richard Revesz, Jayni Hein, Nat Keohane, Madison Condon and OthersOctober 2, 2020
Blog/News ArticleFinancial Regulation Morgan Stanley’s Net Zero Pledge Is a Call to Action for Wall Street This article discusses Morgan Stanley's net-zero financing pledge, ways that JP Morgan and other banks can improve, and next steps for leading banks.Ben RatnerSeptember 25, 2020
Blog/News ArticleFinancial RegulationRegulatory Activities A New Warning Bell for Wall Street as Wildfires Rage out West This article discusses the CFTC's report on climate risk, including its findings and recommendations.Nat KeohaneSeptember 18, 2020
Agency FilingFinancial RegulationRegulatory Activities Comments on Department of Labor Financial Factors Rule These comments argue that DOL's Financial Factors Rule fails to consider the vast evidence that ESG investing is a valid investment strategy.Jayni Hein, Jessica Rollen, Vickie Patton and Michael PanfilJuly 30, 2020
Blog/News ArticleFinancial Regulation Climate Change’s New Ally: Big Finance This article discusses recent trends in shareholder activism and pressure on corporations to act on climate.Madison CondonJuly 28, 2020
Blog/News ArticleFinancial RegulationRegulatory Activities Trump Administration’s 401(k) Rule Ignores ESG as Core Driver of Financial Performance This article discusses DOL's amendment to ERISA and highlights evidence that ESG and climate risk are relevant to investment decisions.Thomas Murray, Ben Ratner and Gabriel MalekJune 29, 2020
Journal ArticlePrivate GovernanceRisk Management The Gap-Filling Role of Private Environmental Governance This article explains the efficacy of private environmental governance efforts as a gap filling tool for government regulatory regimes.Michael Vandenbergh, Jim Rossi and Ian FaucherJune 10, 2020
Blog/News ArticleFinancial Regulation CalSTRS Says Climate is Major Portfolio Threat, Companies Must Walk the Walk on Net-Zero EDF interviews CalSTRS portfolio manager on ESG investing.Ben RatnerMay 18, 2020
Agency FilingFinancial RegulationRegulatory Activities Joint Comments to CFTC on Climate-Related Market Risk Climate-related financial risk is significant and under-assessed, regulation is needed to mitigate that risk, and a price on carbon is needed.Madison Condon, Jason Schwartz and OthersMay 14, 2020