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U.S. financial institutions should enhance their compliance with environmental, social and governance (ESG) issues because regulators are watching
With U.S. financial regulators stepping up their oversight of environmental, social and governance (ESG) issues, financial firms would be well-advised to take steps that could ease their compliance once new rules come into force, according to legal and consulting firms.
Upcoming ESG company disclosure rules, for example, are likely to impact decision-making around bank lending and investment practices, leading to a shift away from clients who are not adhering to sustainability objectives and policies, including around climate issues. “Financial institutions should be identifying and quantifying their exposures to high-carbon industries as they determine their strategies for managing transition risk in those sectors as well as developing financing solutions to support clients
Bloomberg Continues Progress Towards Net Zero Emissions by 2025, According to Annual Impact Report
Published 05-10-21
Summary
Bloomberg LP continues to make progress towards its commitment to net-zero emissions by 2025, according to the company’s
2020 Impact Report. The
Impact Report also outlines how Bloomberg is leading efforts to mobilize markets to fight climate change and bring transparency to climate risk data.
Report Highlights
Ambitious Emissions Reduction Targets Officially Validated by the Science Based Targets Initiative
Bloomberg Leading Efforts to Mobilize the Markets to Fight Climate Change and Bring Transparency to Climate Risk Data
Bloomberg LP continues to make progress towards its commitment to net-zero emissions by 2025, according to the company’s
First published on
Dive Brief:
Companies that fail to make progress on environmental, social and governance (ESG) goals may end up excluded from consideration by many investors, Larry Wieseneck, Cowen co-president, told an online conference for chief financial officers sponsored by the American Institute of CPAs.
“If you’re not moving forward on things like the environment, you’ll be uninvestable in certain parts of the investor universe,” Wieseneck said, predicting that all Wall Street research within 12 months will include “an ESG score it’s just becoming too important to investors.”
“We think ESG is bigger than anyone realizes,” he said, adding that during “the last few years it’s accelerated enormously quickly.
Promoted from Financial Times
The FT Investment in Brand Award 2021
In modern marketing, where brands are built step-by-step at every customer touchpoint, consistency is crucial. So The Drum is delighted to have teamed up with the FT once again to recognize the importance of long-term investment and planning to marketing success, as part of The Drum Awards for Marketing 2021.
Nowhere is this emphasis on a sustained approach more important than in establishing and maintaining a brand’s green credentials. So as we look to “build back better” in the wake of the pandemic, this year’s award will celebrate those marketers whose dogged commitment to a persistent strategy has advanced their brand’s ecological credibility and highlighted its environmentally sustainable business model.
Operator
Good day, and thank you for standing by. Welcome to the New Jersey Resources Second Quarter Fiscal 2021 Conference Call. [Operator Instructions]
I would now like to hand the conference over to your speaker today, Dennis Puma, Director of Investor Relations. Please go ahead.
Dennis Puma
Director, Investor Relations
Okay. Thank you, Christie, and good morning, everyone. Welcome to New Jersey Resources Second Quarter Fiscal 21 Conference Call and Webcast. I m joined here today by Steve Westhoven, our President and CEO; Pat Migliaccio, our Senior Vice President and Chief Financial Officer; as well as other members of our senior management team. As you know, certain statements in today s call contain estimates and other forward-looking statements within the meaning of the securities laws. We caution listeners of this call that the current expectations, assumptions and beliefs forming the basis for our forward-looking statements include many factors that are beyond our ab