Search Result: Sustainable-Finance-Platform


The US Insurance Sector and Climate-Related Financial Regulation

May, 2022

Despite a growing consensus among financial regulators that climate change poses significant risks to the insurance sector, industry associations representing the largest US insurance companies have been actively engaged in efforts to weaken and delay emerging climate-related insurance regulation at...

The US Chamber of Commerce and Lobbying on Climate Change Disclosure Regulations

November, 2021

The industry group is at odds with investors and its finance sector members on emerging US disclosure requirements

CA100+ Target Companies and the EU Taxonomy

April, 2021

Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% pushing...

Gas & Power Companies Divided on the EU's Taxonomy

February 2021

European companies backing robust, science-based regulation on CO2 emissions under the EU Sustainable Finance Taxonomy are also performing better on stock markets when compared with their peers that are opposing the same policy, according to analysis of InfluenceMap's policy position scores and fina...

The Battle for US Sustainable Finance Regulation

February, 2021

In the final year of the Trump Administration, authorities finalized three rules which have the effect of limiting the opportunities for ESG (Environmental, Social and Governance) investing.

Corporate Lobbying on the EU's Ecolabel

April 20th 2020

New analysis from InfluenceMap has tracked significant lobbying on the EU Ecolabel since late 2018, as part of a wider ongoing research process covering the EU’s Sustainable Finance Action Plan and how the corporate sector is influencing the process.

How Japanese Industry Lobbied Against a Strong EU Taxonomy

April 2nd, 2020

The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.


US financial executives meet with SEC to discuss climate disclosure rule

02 June 2023

According to a US Securities and Exchange Commission (SEC) memo, on May 17 SEC Chair Gensler and SEC staff met with representatives of financial institutions, including several executives, to discuss the SEC’s proposed climate disclosure rule. Meeting participants included members of the Bank Policy Institute: Bank of Montreal, BNP Paribas, BNY Mellon, Charles Schwab, Citigroup, Citizens Financial, JPMorgan, Northern Trust, PNC Financial, Santander, TD Bank, Truist, US Bancorp, UBS

Legal & General Investment Management and Aviva advocate for mandatory implementation of transition plans in the UK

05 May 2023

In oral evidence presented at the Environmental Audit Committee on the financial sector and the UK's net zero transition in March 2023, financial companies offered strong support for ambitious sustainable finance policies, such as mandatory transition plans and the upcoming taxonomy. Legal and General Investment Management (LGIM) and Aviva advocated for a mandatory implementation of transition plans, while HSBC offered broad support. LGIM also supported a science-based and independent approach to the taxonomy, and AXA also offered broad support while cautioning against the compliance burden.

US financials seek to delay Climate Risk Disclosure Survey

06 April 2022

During the March 21st public meeting of the National Association of Insurance Commissioners’ Climate and Resiliency (EX) Task Force, representatives from American Council of Life Insurers (ACLI), American Property Casualty Insurance Association (APCIA), National Association of Mutual Insurance Companies (NAMIC), and Reinsurance Association of America (RAA) tried to delay implementation of the redesigned Climate Risk Disclosure Survey.

American Bankers Association tells Congress that the SEC’s climate disclosure rule must be withdrawn

05 May 2023

In an 18th April testimony to the House Financial Services Committee, the American Bankers Association asserted that the US SEC’s climate disclosure rulemaking went beyond the Commission’s mandate, advocating for the rule to be withdrawn and reproposed with a more limited scope.

Securities Industry and Financial Markets Association opposes California's climate risk disclosure bill

11 April 2023

According to a 15th March floor analysis from the California Senate Committee on Environmental Quality, the Securities Industry and Financial Markets Association has registered in opposition to SB 261, a bill that would mandate corporate disclosure of climate-related financial risk.

SIFMA CEO concerned about SEC proposed rules on climate change disclosure

06 April 2022

Following the release of the SEC’s proposed rule-making on climate change disclosures on March 21st, Securities Industry and Financial Markets Association (SIFMA) released a statement from CEO Kenneth Bentsen that expressed concerns with some aspects of the proposal including Scope 3 disclosures, “limited” safe harbor provisions, and “hastened” implementation timelines.

US Chamber of Commerce opposes EU climate disclosure rules

05 May 2023

In a 26th April Wall Street Journal article, a representative from the US Chamber of Commerce outlined opposition to the EU Corporate Sustainability Reporting Directive (CSRD), asserting that the Chamber was trying to “ward off or avoid the inevitability of those rules taking effect.”

Financial entities oppose California's greenhouse gas disclosure bill

11 April 2023

According to a 15th March floor analysis from the California Senate Committee on Environmental Quality, the American Property Casualty Insurance Association and the Securities Industry and Financial Markets Association registered in opposition to SB 253, a bill that would mandate corporate disclosure of Scopes 1, 2, and 3 greenhouse gas emissions.