Tag: Ceres

Massachusetts climate, cleantech legislation will accelerate clean energy buildout

Stuart Mitchell

Ceres applauds the final passage of two important bills that will bolster Massachusetts’ role as a climate and clean energy leader while supporting the state economy. The Massachusetts omnibus climate bill includes essential reforms to state permitting and siting procedures to responsibly accelerate the buildout of clean energy infrastructure while boosting investment into clean power, transportation, and buildings. Separately, the Commonwealth’s new economic development bond bill includes a significant investment over the next decade to foster the emerging cleantech industry. “Massachusetts boasts a powerful combination of private sector ingenuity, a…

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New guidance to help investors and corporate directors engage effectively on climate governance

Stuart Mitchell

Released recently, the updated 2024 Ceres Guidance for Investor Engagements with Directors on Climate Risk Governance is a resource for investors to guide engagements with U.S. corporate directors to better understand board oversight of the financially material risks and opportunities associated with climate change.   “U.S. financial markets are navigating the complex task of responsible decarbonization. Within this context, directors of U.S. public companies bear a distinct legal duty, separate from management’s role, to ensure that critical questions are both asked and answered of management regarding their companies’ financially material…

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New guidance gives banks framework for climate finance

Stuart Mitchell

Ceres released new recommendations for the U.S. banking sector, highlighting areas of improvement in the design and implementation of their climate finance target-setting and disclosures. Policies like the U.S. Inflation Reduction Act have spurred trillions of dollars in green financing opportunities, yet there is no consistent methodology for investors or regulators to compare U.S. bank performance.   In a new report, “Ahead or Behind? The State of Climate Finance in the Banking Sector,” Ceres provides a set of recommendations on how banks can design effective climate finance targets and frameworks, enhance…

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First-of-its-kind analysis of corporate disclosures shows food sector makes progress on reducing direct emissions but is slow to address supply chain emissions

Stuart Mitchell

As more comprehensive climate reporting rules go into effect worldwide, a new Ceres analysis of corporate disclosures in the food sector finds that companies are making progress towards reducing direct greenhouse gas emissions. However, slower progress on addressing supply chain emissions is holding companies back from reducing the total emissions needed to transition their business to a low-carbon economy.  Notably, Ceres’ report, Taking Stock: The State of Climate Action and Disclosure in the Food Sector, reveals food companies with science-based emissions targets covering their total emissions (scope 1 and 2…

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New analysis from Ceres shows top North American investors with net zero commitments have elements of climate action plans in place

Stuart Mitchell

A new analysis of 48 of the largest North American investors finds most of them have bold commitments to align their investing and portfolios with a net zero emissions future and most of those with commitments have developed elements of Investor Climate Action Plans, or ICAPs, to show how they will deliver on them.   The analysis, Investor Climate Action Plans are Becoming a Norm, released recently by Ceres, examined the public climate disclosures made by these investors, collectively representing more than $60 trillion in assets under management, more than half…

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