Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the networks after years of ...

Big banks have been backing away from their commitment to fight climate change via "net zero" carbon emissions as political ...

Texas Attorney General Ken Paxton wrote on Jan. 23 to the firms saying they appear “to unlawfully advance discriminatory” ...

BlackRock dropped out of the United Nations-backed climate change investing initiative, which was followed by NZAM suspending ...

An alliance of investment giants-turned-self-styled climate change crusaders looks to be in tatters after it suspended its activities on Monday amid a backlash against “woke” capitalism.

Trillion dollar asset manager Northern Trust has also quit Climate Action 100+, an investor-led initiative of financial ...

Investor climate initiatives can and should play a role in stewarding the economy but have so far failed to bring real-world ...

The lawsuit filed in 2023 alleged unfair impact on the asset management giant's non-ESG funds due to its involvement in ...

Northern Trust Asset Management has withdrawn from two major climate change-related initiatives, the latest in a string of ...

The pause raised concerns that companies will lower their efforts on climate change even after the hottest year on record, ...

On Friday, the Federal Reserve left a global climate risk group that studied climate change risk. Earlier this month, JPMorgan left the Net Zero Banking Alliance, following Goldman Sachs’s ...