POLITICO
Big Business squirms as Biden tightens climate regulations
Corporate America has made bold pledges to fight climate change, but it s resisting government efforts to hold it to them.
At the heart of the clash over climate change policy is a broader argument about how much control the government should have over business. | Branden Camp/AP Photo
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Corporate America is entering the Biden era with bold public pledges to fight climate change. But as Democrats seek to hold businesses to those promises, they re facing a big battle.
Democrats are vowing to go through the Securities and Exchange Commission to impose sweeping financial disclosure rules on climate risk that would force thousands of businesses including banks, manufacturers and energy producers to divulge information to investors. Lenders are set to get even more scrutiny from their own regulators like the Federal Reserve, including potential stress tests to measure their resiliency to rising sea levels
ANDREW Chan, PwC Malaysia’s sustainability and climate change leader, discusses the ESG theme in corporate Malaysia. Below are excerpts of an email interview with him.
BlackRock North American Income Trust Plc - Final Results
PR Newswire
LEI: 549300WWOCXSC241W468
PERFORMANCE RECORD
158.06
145.50
2
2
(7.5%)
2
========
1 The change in net assets reflects market movements, shares issued/bought back and dividends paid during the year.
2 Alternative Performance Measures, see Glossary in the Company s Annual Report for the year ended 31 October 2020.
Year ended
5,367
6.65
NAV %
Sources: BlackRock and Datastream.
CHAIRMAN S STATEMENT
OVERVIEW
Despite a promising start to the Company s financial year, with all-time highs in global equities reached in February 2020, the subsequent COVID-19 pandemic has since clearly had an enormous impact on the global economy. The initial lockdown measures severely curtailed economic activity in most countries and, although economies slowly restarted over the summer, sharply rising infection rates prompted further restrictions in many countries over the autumn. In addition, concerns ov
Reimagining what’s possible has been core to our successes throughout our 35-year history, but now, more than ever, we’ve seen the fundamental role wireless technology plays in helping us stay connected. During the ongoing COVID-19 health crisis, with people all over the world working beyond the office, learning beyond the classroom, and experiencing healthcare beyond the traditional doctor’s office, the potential for our technologies, especially 5G, to meet society’s needs has never been more evident.
In addition to a global health crisis, the events of 2020 brought other societal challenges to the forefront; from racial justice, to real-time impacts of the climate crisis, there is much more work to be done. For our part, we will continue to advocate for positive change on these issues in line with our core values of operating with unquestioned integrity and fostering a collaborative community.
Key Points - Mandatory ESG requirements could be an early priority for SEC chair nominee Gary Gensler, with increasing calls from within the SEC to require material ESG.