Tag: Ceres

Greenhouse gas emissions vary dramatically across U.S. oil and gas companies, according to updated analysis

Stuart Mitchell

Analysis from Ceres and Clean Air Task Force benchmarking the relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions of more than 300 U.S. oil and gas producers finds dramatic variations between companies and basins. In the second year of this analysis, the highest emitting oil and gas companies had a methane emissions intensity nearly 24 times that of the lowest emitting companies according to the most recently available data from the U.S. Environmental Protection Agency.  The second annual report, Benchmarking Methane and other GHG Emissions of…

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Ceres finds U.S. financial regulators have made significant progress in addressing climate-related financial risk over the past year

Stuart Mitchell

A new scorecard released recently by Ceres shows that U.S. financial regulators across nine federal agencies have taken 230 actions since April 2021 to tackle the financial risks of climate change, a clear sign of regulatory progress.   The 2022 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk, provides an in-depth analysis of the action steps that the agencies have taken to protect our capital markets, financial institutions, and communities from the effects of climate risk. Among the agencies scored include the Federal Reserve Bank (The Fed),…

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Six Fast-Food Giants Commit to Science-Based Targets, but Challenges Remain

Stuart Mitchell

A three-year global investor engagement with fast-food giants has resulted in significant progress on climate target-setting but has raised concerns for investors about the management of both emissions and water usage in the supply chain, according to a new progress report published today by the global investor network, the FAIRR Initiative, and the sustainability organisation, Ceres. Led by an $11-trillion investor coalition, the Global Investor Engagement on Meat Sourcing focused on six leading fast-food companies with a combined market cap of more than $281 billion: Chipotle Mexican Grill, Domino’s Pizza, McDonald’s,Restaurant Brands International (owners of Burger King), Wendy’s Co. and Yum!…

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Ceres CEO joins Vice President Harris for launch of White House Action Plan on Global Water Security

Stuart Mitchell

Ceres CEO and President Mindy Lubber joined Vice President Kamala Harris and leaders from the U.S. Department of Defense, the Millennium Challenge Corporation and USAID at the Eisenhower Executive Office Building for the launch of the White House Action Plan on Global Water Security. The plan recognizes water as a necessity for all people, as well as the importance of water to global economies, and lays out a whole-of-government approach to tackling the water crisis.   After the White House briefing, Lubber said:   “The White House Action Plan on…

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Ceres welcomes SEC rule proposals to protect investors with stronger ESG disclosures from investment funds and advisors

Stuart Mitchell

Ceres welcomes two new proposed rules issued today by the U.S. Securities and Exchange Commission (SEC) which aim to strengthen protections and address increasing confusion around the rapid growth of ESG-oriented funds.   One proposal, Enhanced Disclosures by Certain Investment Advisers and Investment Companies about Environmental, Social, and Governance Investment Practices, requires U.S. investment companies and advisors to state whether they use ESG criteria and disclose data that shows how funds meet those criteria if they have them. The other proposal, Investment Company Names, would strengthen the fund names rule to…

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