Tag: Ceres

Net Zero Asset Managers initiative announces initial targets for 86 investors as total number of asset managers committing to net zero increases to 291

Stuart Mitchell

86 asset managers – the largest group to date – have disclosed their initial targets for the proportion of assets managed in line with achieving net zero by 2050 or sooner. All targets are now available on the Net Zero Asset Managers initiative (NZAM) website and follow May’s target disclosure report. The latest targets mean that, collectively, approximately USD 21.8 trillion – out of a possible USD 55.3 trillion managed by the asset managers who have set targets to date – is now committed to be managed in line with achieving net zero…

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Ceres Welcomes New Members to their Board of Directors and President’s Council

Stuart Mitchell

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…

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Companies are improving as climate policy advocates, but they aren’t holding their trade associations accountable

Stuart Mitchell

As major companies evolve their climate-related corporate and policy engagement practices to meet the demands of investors, the nation’s largest publicly traded companies are increasingly lobbying for policies that will help the U.S. achieve its commitments under the Paris Agreement. However, very few are publicly reckoning with the role of their own trade associations in obstructing climate action, according to a new report released today by the sustainability nonprofit Ceres.  The report, Responsible Policy Engagement Analysis 2022: How Companies Are — and Aren’t — Leading on Climate Policy, examines the climate-related risk…

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Ceres Applauds the OCC’s Appointment of Dr. Nina Chen as Chief Climate Risk Officer

Stuart Mitchell

The Office of the Comptroller of the Currency (OCC) has taken an important step addressing the systemic financial risks of the climate crisis with the appointment of Dr. Yue (Nina) Chen as Chief Climate Risk Officer, Ceres said in a statement.   Dr. Chen previously served as the Executive Deputy Superintendent of the Climate Division at the New York State Department of Financial Services (DFS).   “Dr. Chen brings years of experience in the area of climate-related financial risk, and we commend the OCC for filling this critical position with…

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U.S. power sector emissions ticked back up in 2021, according to annual Ceres benchmarking report

Stuart Mitchell

Carbon dioxide emissions from the U.S. power sector increased by 7% in 2021 over the previous year, as economies around the world reopened following shutdowns related to the coronavirus pandemic, according to a new benchmark analysis of air emissions of the nation’s 100 largest power producers. In 2020, the industry’s CO2 emissions had dropped a record 10%, its largest one-year decrease in emissions over the report’s 18 editions.   The 2021 increase disrupted a steady downward trend for all power sector air emissions. It also highlights the need for power providers…

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