When Exxon filed its lawsuit challenging California’s new climate disclosure laws, it framed the issue as a constitutional one: the state is compelling the company to “tell a story” it disagrees with. According to Exxon, requirements to…
The Principles for Responsible Investment has recently published a very interesting report “Who Invests and How? Unlocking and mainstreaming institutional flows to EMDEs.” It is one of the clearest maps of who actually invests in emerging…
…tension between achieving Climate Effectiveness, ensuring Fiscal Sustainability, and maintaining previous Political Viability. The success of this framework is predicated on the passage of new, comprehensive legislation, as its…
Prologue On September 10, 2025, the House Committee on Financial Services convened a full Committee hearing on a slate of proposed bills that would fundamentally reshape the federal proxy rules. Proposals range from registration…
On July 29, 2025, 26 members (from 20 red states and the purple state of Pennsylvania) of the State Financial Officers Foundation (SFOF) sent letters to the leaders of 25 large asset managers. The mission of SFOF is, “to drive fiscally…
Investment Thesis Demand for copper is going to increase dramatically between now and 2050 in order to achieve the needed energy transition. There is more than enough copper in the ground to meet this demand. However, getting it out of the…
Last month the Institute of International Finance (IIF) published a very thoughtful staff paper titled “Resetting the Debate on the Role of Private Finance in the NZ Transition.” The views of the IIF are important. It is the global…
…Alan Jope as CEO on July 1, 2023. Sir Porritt has been a leader in sustainability for many years. He is the Founder of Forum for the Future in 1996, although he is no longer involved in the organization, and a self-described “Campaigner…
In March 2022 at the fifth session of the UN Environmental Assembly, 175 nations passed Resolution 5/14 to develop an international legally binding instrument on plastic pollution, including in the marine environment. This resolution…
…time to take stock of ESG and chart a path forward for the corporate sustainability movement. To that end I’ve spent the past two years shuttling between the warring factions in the debate, meeting with liberals and conservatives, critics…
The California Public Employees’ Retirement System (CalPERS) has 2.2 million members and assets of around $510 billion. It is the largest state pension fund in the U.S. On its website it notes that “Under the California Constitution, the…
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