Sustainable Finance

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The Net-Zero Banking Alliance Article
View of landscape from above showing several windmills against a bright blue sky and grass fields.

The Net-Zero Banking Alliance

A new private sector-led initiative presents the opportunity for major global financial institutions to play a key role in decarbonizing the global economy.

Trevor Sutton

The SEC Has Broad Authority To Require Climate and Other ESG Disclosures Report

The SEC Has Broad Authority To Require Climate and Other ESG Disclosures

Increasing demand for companies to provide enhanced disclosures on climate-related and other environmental, social, and governance matters has raised questions about the Securities and Exchange Commission’s authority to require disclosures. That authority is broad and not limited to materiality.

Alexandra Thornton, Tyler Gellasch

A Framework for Strengthening Municipal Market Green Bond Labeling Report

A Framework for Strengthening Municipal Market Green Bond Labeling

Strengthening green bond labeling to include a ranking that accounts for the expected environmental and social performance of financed activities will help to increase capital flows to high-quality sustainability and environmental justice projects by eliminating greenwashing.

Kevin DeGood

The SEC’s Time To Act Report
A flag flies outside of the U.S. Securities and Exchange Commission building in Washington, D.C., July 2020.

The SEC’s Time To Act

The U.S. Securities and Exchange Commission should begin using its authority to mandate climate-related disclosures in order to address climate-related risks to investors, the economy, and the public.

Alexandra Thornton, Andy Green

Modernizing the Social Contract With Investment Fiduciaries Report

Modernizing the Social Contract With Investment Fiduciaries

To help build a new social contract among companies, investors, workers, and society, regulators should modernize the fiduciary rules governing investment advisers and retirement plan fiduciaries to ensure that they disclose how they handle environmental, social, and governance considerations.

Tyler Gellasch, Alexandra Thornton

The Fed’s Oil and Gas Bailout Is a Mistake Report
A pelican flies over an oil slick on the surface of the Pacific Ocean in California, May 2015. (Getty/Justin Sullivan)

The Fed’s Oil and Gas Bailout Is a Mistake

The Federal Reserve should not be throwing a public lifeline to an industry that is stoking serious risks to the financial system, economy, and environment.

Gregg Gelzinis, Michael Madowitz, Divya Vijay

Climate Change and Municipal Finance Report
Single-family homes on islands and condo buildings on oceanfront property are seen in the city of Miami Beach, June 2014. (Getty/Joe Raedle)

Climate Change and Municipal Finance

To address the fact that economic shocks caused by climate change will reduce state and local tax collections and increase infrastructure costs—creating additional risks for municipal bond investors—state and local issuers should adopt new climate risk disclosure standards to ensure accurate risk assessment and bond pricing.

Kevin DeGood

Climate Change Threatens the Stability of the Financial System Report
 (A pedestrian walks past the Wall Street bull statue in New York City during heavy rain.)

Climate Change Threatens the Stability of the Financial System

U.S. regulators should protect the financial system from climate-related risks and help facilitate a smooth transition to a greener economy.

Gregg Gelzinis, Graham Steele

Corporate Governance and Workers Report
 (A street sign with the text

Corporate Governance and Workers

Power within corporations has shifted away from Main Street in favor of Wall Street, but collective bargaining, competition, tax fairness, and corporate long-termism can help American capitalism do better.

Andy Green, Christian E. Weller, Malkie Wall

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