Ceres applauds the U.S. Department of Labor Secretary Marty Walsh and the agency on its adoption of a new rule—Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights—that would allow climate-aligned funds in 401(k) plans. “This rule is an important step towards safeguarding American workers’ retirement savings from the financial risks of climate change,“ said Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets at Ceres. “This rule removes restrictions imposed during the previous administration that made it difficult for 401(k) and other retirement…
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Ceres Welcomes New Members to their Board of Directors and President’s Council
The sustainability nonprofit Ceres announced recently that two new members joined its Board of Directors and President’s Council. Jacqueline Patterson, Founder and Executive Director of the Chisholm Legacy Project: A Resource Hub for Black Frontline Climate Justice Leadership, joined Ceres as its newest Board member last month. Jacqui brings years of experience in Environmental and Climate Justice and working with frontline communities facing environmental injustice. Leah Wood, Head of Global Client Experience, Managing Director at Impax Asset Management, joined Ceres as its newest President’s Council member. Ceres President’s Council members…
CISL’s new green startup hub welcomes electric motor innovator as first business
Cambridge Institute for Sustainability Leadership (CISL) announces green startup Monumo as the first official member of its newly launched Canopy business hub. Monumo is an electromagnetic engineering company setting out to reinvent the electric motor. Electric motors are an increasingly vital technology in today’s world, using roughly 50% of the world’s energy. They pump domestic water, power transport and keep household appliances, like washing machines, running. But there is an environmental cost. Most electric motors are made with rare earth permanent magnets, producing a huge amount of carbon emissions and toxic…
Compassion in World Farming welcomes first fish certification welfare standards but says “more must be done”
The introduction of basic welfare standards for farmed fish by two international certification schemes has been welcomed as “an important step forward” by Compassion in World Farming. One of the world’s leading seafood certification schemes – The Aquaculture Stewardship Council (ASC) – has announced new welfare standards, including humane slaughter standards for fish, which results in a ban on the use of ice slurry – a cruel slaughter method that leaves fish fighting for their lives as ice gets lodged in their gills. This follows an announcement by the certification…
Breach of lobbying rules verdict welcome but reform now needed, says CIPR
The Chartered Institute of Public Relations (CIPR) has welcomed the outcome of an investigation into whether the Earl of Shrewsbury breached lobbying rules and has called for “wholesale reform” of lobbying legislation. The Office of the Registrar of Consultant Lobbyists (ORCL) concluded that his company, Talbot Consulting Ltd, “undertook unregistered consultant lobbying activities” on behalf of their client SpectrumX. The legislation states a person must not carry on the business of consultant lobbying unless entered in the Register of consultant lobbyists. Talbot Consulting Ltd will now face a fine. It is…