ClimateAccountability

Wall Street's Climate Coalition Faces Significant Departures Amid Regulatory Changes

5 months ago

In an unexpected turn of events, multiple prominent financial institutions have started to distance themselves from a key climate-focused coalition on Wall Street. This exodus comes as companies grapple with a shifting regulatory landscape and growing tensions surrounding environmental, social, and governance (ESG) criteria.

Investors Urge Mandatory Scope 3 Emission Disclosures Amid Climate Concerns

6 months ago

In a significant move towards greater corporate accountability regarding climate impacts, a coalition of investors representing a staggering $9.5 trillion in assets has called for mandatory disclosures of Scope 3 emissions. This initiative highlights the growing recognition that the most substantial climate-related risks often lie not just in companies' direct operations but also in their supply chains and product usage.

Shell Triumphs in Dutch Court Over Emissions Ruling, Altering Climate Accountability Landscape

6 months ago

In a significant legal victory for Shell, a Dutch court has overturned a prior ruling that mandated the oil giant to accelerate its decarbonization efforts. This landmark decision, rendered on November 12, 2024, marks a pivotal shift in the accountability of fossil fuel companies regarding carbon emissions, reshaping expectations for corporate environmental responsibility.