Tag: Ceres

In a notable move for the 2024 proxy season, New York City Comptroller Brad Lander and New York City Public Pension Boards (NYCERS) submitted six shareholder proposals asking banks to disclose a novel metric for assessing their progress towards their net zero targets and contributions to the clean energy transition. The proposals yielded significant commitments and above-average support, reflecting a growing investor demand for a comprehensive understanding of banks’ funding practices to ensure alignment with responsible objectives.   As of now, there is little comparable information on banks’ green energy financing.…

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A new report released by Ceres reveals that while major U.S. insurance companies are making progress in disclosing their climate-related risks and strategies, significant gaps and disparities persist across the sector.   The report, Navigating Climate Risks: Progress and Challenges in U.S. Insurance Sector Disclosures, analyzes the disclosure reports from 516 insurance groups, which total more than 1,695 individual companies, submitted to the National Association of Insurance Commissioners’ (NAIC) Climate Risk Disclosure Survey for reporting year 2022. The survey is aligned with the framework developed by the Task Force on Climate-related…

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Ceres has released new corporate guidance on transition planning to help companies address the financial risks of climate change and maximize the opportunities for them to thrive in a low-carbon future.   Ceres’ Blueprint for Implementing a Leading Climate Transition Action Plan is a first-of-its-kind resource for companies to develop and implement leading climate transition action plans or CTAPs. CTAPs outline the actions companies take across their business to achieve their sustainability goals and transition to a cleaner, more just economy. Ceres’ guidance focuses on six action areas: setting goals and…

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Ceres and Clean Air Task Force, with analysis from ERM, recently released the fourth annual report, Benchmarking Methane and other Greenhouse Gas Emissions of Oil and Natural Gas Production in the United States, which analyzes the production-based emissions of the largest oil and gas producers in the United States for 2022 and includes trends for 2015-2022. It finds dramatic variation in producer performance and a downward trend in overall reported sectoral methane emissions. This downward trend can in part be attributed to state and federal regulations that have been enacted…

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