Findings suggest major US corporations are scaling back their climate messaging to tackle competing pressures on ESG disclosures despite upholding their environmental commitments. Backlash to climate and diversity efforts, including from President Donald Trump, is also thought to be causing this reluctance to publicly discuss climate goals. The Financial Times reports on the story.
Meanwhile, Sierra Club, one of the largest environmental organisations in the US, has dropped Blackrock as asset manager and withdrawn $10.5 million of funds due to both the company’s refusal to address the systemic financial implications of the climate crisis and exit from the Net Zero Asset Managers initiative in January. Bloomberg reports on the story.
