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Category: Climate & ESG

SEC Rules Will Help Provide Reliable and Comparable Information for the Growing Number of Investors Interested in ESG Funds

WASHINGTON, D.C.— Stephen Hall, Legal Director and Securities Specialist at Better Markets, issued the following statement after Better Markets filed two comment letters with the Securities and Exchange Commission (SEC) regarding its proposals to require investment companies, investment advisers, and other entities to disclose to investors additional information regarding their environmental, social, and governance (“ESG”) […]

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Better Markets Welcomes Basel Committee’s Inclusion of Our Suggestions in Finalized Climate-Related Financial Risk Management Principles

WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy, issued the following statement in connection with the Basel Committee on Banking Supervision’s finalization of its principles around the management of climate-related financial risks: “The Basel Committee on Banking Supervision (the Committee) is responsible for setting international standards for banking institutions, and we welcomed the opportunity to comment […]

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We Support the SEC’s Climate-Risk Disclosure Proposal, a Very Strong Measure That Can Be Made Even Better

WASHINGTON, D.C.—Legal Director and Securities Specialist Stephen Hall issued the following statement on the filing of Better Markets’ Comment Letter to the Securities and Exchange Commission in response to the agency’s proposal to enhance the disclosure of the climate-related risks facing companies: “No company will be able to escape the financial consequences of climate change, […]

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FDIC Takes Important Step Towards Managing Climate-Related Financial Risks

WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy, issued the following statement on the filing of Better Markets comment letter to the Federal Deposit Insurance Corporation (FDIC) on their request for comments regarding its proposed principles for climate-related financial risk management for large banks. “We applaud the FDIC for incorporating climate-related financial risks into its risk management expectations […]

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Better Markets Applauds Proposed International Standards for Addressing Climate-Related Financial Risks

WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy, issued the following statement on the filing of a Better Markets Comment Letter in response to the Basel Committee on Banking Supervision’s Consultative Document “Principles for the effective management and supervision of climate-related financial risks”. “Better Markets applauds the publication of these principles as an important step in […]

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Better Markets Applauds OCC Proposal to Incorporate Climate-Related Risks into Bank Supervision & Assessment

WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy, issued the following statement on the filing of Better Markets’ comment letter on the Office of the Comptroller of the Currency (OCC)’s draft principles for climate-related financial risk management for large banks. “Better Markets applauds the OCC’s move to be the first U.S. banking regulatory agency to propose […]

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CLIMATE-RELATED FINANCIAL RISKS MUST BE ADDRESSED—REPUBLICANS, DEMOCRATS, WALL STREET, FINANCIAL LEADERS AGREE

FOR IMMEDIATE RELEASE Wednesday, February 9, 2022 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org WASHINGTON, D.C.—Phillip Basil, Director of Banking Policy, issued the following statement on the release of Better Markets Fact Sheet, Republicans, Democrats, Wall Street Banks, & Finance Leaders All Agree:  Financial Risks Related to Climate Change Must Be Addressed: “The effects of […]

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Better Markets Letter Supports Consideration of ESG Factors in Selection of Retirement Plan Investments

FOR IMMEDIATE RELEASE Tuesday, December 14, 2021 Contact: Doug Walker at 202-618-6430 or dwalker@bettermarkets.org WASHINGTON, D.C.—Better Markets Legal Director and Securities Specialist Stephen Hall released the following statement on the filing of Better Markets’ response to the Department of Labor’s proposed rule that would amend several provisions of the agency’s Investment Duties regulation: “Better Markets […]

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In a New Report, Better Markets Calls on Banking Regulators to Act ASAP to Address Material Risks to the Banking System from Climate Change

FOR IMMEDIATE RELEASE Tuesday, November 2, 2021 Contact: Evelyn Swan at 202-618-6433 or eswan@bettermarkets.org WASHINGTON, D.C.— Today, Phillip Basil, Director of Banking Policy at Better Markets, issued the following statement regarding the publication of our new report, Climate Change and the Banking System: “As world governments debate national commitments to address the global climate change […]

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