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NRO: SEC May Drop Scope 3 GHG Emissions from Climate Disclosures
October 26, 2022
Following backlash, the Security and Exchange Commission (SEC) is considering dropping “Scope 3” GHG emissions from the mandatory climate disclosures that would significantly change the plan advanced by the Biden Administration's SEC.
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McKinsey Launches “Sustainability Academy”
October 26, 2022
McKinsey & Company has announced their new program called the “Sustainability Academy” which aims to aid clients train their boards, executives and employees for the net zero transition and to address sustainability-related risks and opportunities.
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Gallagher: Financial Alliance for Climate Change at Risk as Banks look to Leave
October 19, 2022
Multiple U.S. banks including JP Morgan Chase, Bank of America and Morgan Stanley are reported to consider leaving the Glasgow Financial Alliance for Net Zero for fear breaching U.S. antitrust laws by taking guidance on investment decisions from a UN campaign.
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The National: ESG Experiencing Increased Trust Issues
October 12, 2022
Sergio Scandizzo and Chitro Majumdar writing in The National, highlight that the lack of definition, standards and approach has left a lack of trust from financial markets in Environmental, Social and Governance (ESG) investments.
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Paraskova in Oil Price: Republicans Withdraw $1 Billion From BlackRock Due To ESG Policies
October 12, 2022
Following Louisiana’s move to divest all treasury funds from BlackRock due to their Environmental, Social and Governance (ESG) investment policies, multiple Republican led U.S. states are following suit and withdrawing state funds from BlackRock’s management, totaling more than $1 billion.