Recent Comments on Improving Accountability in Net-Zero Commitments

With the rapid expansion of corporate net-zero commitments and the recent pledge by financial institutions (FIs) – with over $130 trillion in assets – at COP26 in Glasgow to hit net-zero emissions by 2050, a credible mechanism to measure these commitments and hold companies accountable for meeting them is of critical importance. To that end, […]

Comments to the Commodity Futures Trading Commission on the proposed creation of a carbon markets subcommittee of the Energy and Environmental Markets Advisory Committee

The following is an edited comment letter that was submitted to the Commodity Futures Trading Commission (CFTC, or Commission) on September 22nd for the invitation to comment on the proposal by the Commercial Energy Working Group to form an EEMAC carbon markets subcommittee.[1] The proposed stakeholder group would produce a report on principles for designing the derivatives […]

Recent Risk Alert Highlights Need for SEC Action Regarding Potential Greenwashing by Financial Firms

On April 9th, the SEC’s Division of Examinations issued a “Risk Alert” regarding three types of financial firms – investment advisers, registered investment companies, and private funds – that offer Environmental, Social & Governance (“ESG”) products and services. The Examinations Division is prioritizing review of ESG practices in response to the rapidly growing demand by […]