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).
Media Memo: The SEC’s regulatory agenda is under attack, and Chair Gary Gensler is appearing before the Senate Banking Committee tomorrow.
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.
News Release: Coalition tells SEC Rules Must Stop Wall Street Greenwashing & Other Exaggerated Claims that Mislead Investors
More than 90 organizations—including the Action Center on Race and the Economy (ACRE) and Americans for Financial Reform Education Fund (AFREF) —submitted two comment letters to the Securities and Exchange Commission (SEC) today urging the agency to enshrine stronger rules for environmental, social, and governance (ESG) investing to stop the current practice of “greenwashing.”
WASHINGTON — As the Securities and Exchange Commission (SEC) closes a comment period on two proposed rules that would create a standard framework for funds classified as environmental, social, and governance (ESG), advocacy groups today called on the agency to adopt stricter standards for the fastest-growing investment asset sector in the world.
Letters to Regulators: Environmental, Social, and Governance (ESG) Names and Disclosures for Investment Funds
Americans for Financial Reform Education Fund (AFREF) submitted comments to the Securities and Exchange Commission (SEC) on their proposed rules regarding fund names and required Environmental, Social, and Governance (ESG) disclosures for investment funds and advisers. These proposed rules would prevent the use of misleading
Americans for Financial Reform Education Fund (AFREF) and partners submitted comments to the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and Federal Deposit Insurance Corporation on their proposed revision to the regulations that implement the Community Reinvestment
News Release: Community Reinvestment Act Regulatory Update Offers Opportunity to Address Climate Crisis
A coalition of groups aiming to further financial inclusion, affordable housing, and racial and climate justice called for strengthened environmental justice provisions as the comment period for an update of the rules implementing the Community Reinvestment Act (CRA) comes to a close.
Congressional Testimony: AFR’s Moonyoung Ko Testifies to Senate Democrats on Need for Strong Final Climate Disclosure Rule from the SEC
At a hearing in front of the Senate Climate Change Task Force Committee, Moonyoung Ko, Climate Finance Campaign Manager at AFR, spoke to Senate Democrats on the need for these climate-related financial disclosures for all investors including retail investors and those who trust in others
Letters and Statements: Comment to the International Sustainability Standards Board on Climate-related Disclosures
AFREF, Public Citizen, The Sunrise Project, and Sierra Club submitted a comment to the International Sustainability Standards Board on their Climate-related Disclosures Exposure Draft. The Board requested broad stakeholder feedback on its proposal, which reflected the need for users of general purpose financial reporting to
News Release: Organizations Garner Over 60,000 Signatures Urging SEC to Strengthen Climate Risk Disclosure Rule as Comment Period Closes
Over 60,000 people support strong climate disclosure rules proposed by the U.S. Securities and Exchange Commission (SEC), and over 10,000 individual comments were submitted during the public input period, which closes today.