The Carlyle Group, Warburg Pincus, and KKR are the top three offenders on climate among private equity firms, continuing to invest in polluting industries and exposing investors to significant climate-related risk, according to a new scorecard developed by the Private Equity Stakeholder Project (PESP) and Americans for Financial Reform Education Fund (AFREF).
Carlyle is rated F, the lowest in the climate credentials scorecard that has been created by the Private Equity Stakeholder Project (Pesp) and Americans for Financial Reform Education Fund (Afref). “The scorecard provides important information and analysis that can help investors and communities understand what these firms are doing, and makes very clear that the firm’s climate commitments are largely empty words,” said Oscar Valdes Viera, research manager at Afref and co-author of the climate risks scorecard.
The SEC’s regulatory agenda is under attack, and Chair Gary Gensler is appearing before the Senate Banking Committee tomorrow. This memo for the media addresses the SEC’s work across eight different areas.
WASHINGTON, D.C. – Americans for Financial Reform and two leading financial regulatory experts, sent a detailed letter to the US Senate Committee on Agriculture, Nutrition and Forestry, highlighting major shortcomings in a new bill, the Digital Commodities Consumer Protection Act of 2022 (S. 4760/H.R. 8730).
AFREF joined a letter to the CFPB urging it to take action on the ongoing issue of forced arbitration in consumer financial services/products.
AFREF and allies submitted a comment letter to the Securities and Exchange Commission in support of its proposal to update certain substantive bases for exclusion of shareholder proposals. Shareholder proposals are an important part of our corporate governance system, and in the letter, we encourage the Commission to ensure the full range of benefits of shareholder proposals are taken into consideration when finalizing the rule, including shareholder proposals’ role in identifying, raising awareness, and addressing both company-level and systemic risks.
AFR joined a letter to the FTC in response to their Notice of Proposed Rulemaking on auto financing.
AFREF joined a letter to the CFPB in response to their inquiry on employer-driven debt.
AFREF sent a letter to the CFPB in response to their Request for Information regarding employer-driven debt.
The Federal Reserve should move quickly to reverse Trump-era deregulatory measures, complete rules required under the 2010 Dodd-Frank law, and tackle challenges to improve fairness and equity in the financial system, according to Renita Marcellin, senior policy analyst at Americans for Financial Reform.