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Chemical Management Tool Launched

Target, Staples, Kaiser Permanente and the US Green Building Council are among the organizations that joined together today to launch the Chemical Footprint Project, a metric for publicly benchmarking corporate chemicals management and profiling leadership companies. The CFP will enable purchasers to preferentially select suppliers and investors to integrate chemical risk … Read more »

Banking Industry Should Address Climate Risk, Report Says

The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management. The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in … Read more »

Unilever

Unilever, Levi’s to EPA: Finalize Power Plant Rules

Unilever, Levi Strauss, Symantec and Patagonia are among the 22 companies that have signed a letter supporting the new carbon pollution standards for power plants proposed last week by the EPA. The business group, along with some 50 investors — including the country’s largest public pension fund, CalPERS — with … Read more »

First Green Bank

Investment Firms, Banks Back Climate Initiatives

Some 22 US investment firms with about $240 billion in assets under management, led by the California State Teachers’ Retirement System (CalSTRS) and the Oregon State Treasurer’s office, have signed the Climate Declaration, calling upon federal policymakers to address climate change as an economic opportunity. These financial firms join more … Read more »

PNC Bank

PNC Investors Support Climate Change Risk Management

Some 22.8 percent of PNC Financial shareholders representing more than $5.4 billion dollars have voted in support of a resolution asking the company to assess its exposure to climate change in its lending, investing and financing activities. This is the first time that shareholders have been able to vote on … Read more »

PNC Emissions Resolution to Stay, SEC Says

A shareholder resolution proposing that PNC Financial assess the greenhouse gas emissions in its lending portfolio as well as its exposure to climate change risk must remain on the proxy ballot, according to a ruling by the US Securities and Exchange Commission. The SEC decision reverses previous rulings and poses … Read more »