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Mintz

European Central Bank Plans to Fine Banks for Failures to Address Climate Change

Mintz on

It has been publicly reported that the European Central Bank is planning to impose financial penalties (albeit modest ones) on certain banks that have failed to adequately prepare for climate change. Specifically, the...more

Mintz

Democratic Senators Launch Investigation of Major Financial Institutions Based Upon Their Retreat From Climate Policies

Mintz on

Earlier this year, each of the major US banks announced their withdrawal from the Net Zero Banking Alliance.  This move, which was likely undertaken in response to the policy priorities of the Trump Administration, was...more

Mayer Brown

OCC Withdraws Climate Risk Management Principles

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On March 31, 2025, the Office of the Comptroller of the Currency withdrew its participation in the interagency principles for climate-related financial risk management for large financial institutions (the “Climate...more

Orrick, Herrington & Sutcliffe LLP

OCC withdraws climate risk guidelines for large banks

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On March 31, the OCC announced that it had withdrawn from participating in the interagency principles for managing climate-related financial risks for large financial institutions....more

Jones Day

OCC Ends Climate Risk Guidance for Large Banks

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In a recent shift, the Office of the Comptroller of the Currency (OCC) has officially ended its climate risk guidance for large U.S. banks. The 2021 guidance called on major banks to incorporate climate-related risks into...more

Jones Day

U.S. Treasury Publishes Principles for Net-Zero Financing and Investment by Financial Institutions

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The September 2023 publication by the U.S. Treasury Department of its Principles for Net-Zero Financing and Investment ("Principles") marks the first time a major U.S. government agency has provided guidance to the financial...more

Cadwalader, Wickersham & Taft LLP

Climate Activist Sends Shareholder Proposals to Multiple U.S. Banks

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Environmental advocacy group As You Sow has sent climate-focused shareholder resolutions to five major U.S. banks. The resolutions request that the banks disclose their climate transition plans for meeting financed emissions...more

Stikeman Elliott LLP

COP26: Key Takeaways and Action Items on Climate Change (Part II)

Stikeman Elliott LLP on

In our previous post, we highlighted a number of global goals and campaigns aimed at addressing climate change. In this post, we examine climate change-oriented policies and initiatives that are being adopted by many...more

Holland & Knight LLP

House Democratic Climate Proposals Series: CLEAN Future Act

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In an eight-part series, we will examine initiatives outlined in recent congressional Democratic climate proposals, particularly the Climate Leadership and Environmental Action for our Nation's (CLEAN) Future Act introduced...more

Orrick, Herrington & Sutcliffe LLP

Policy Observer - December 2014

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Giving and Receiving: Insuring Company-Sponsored Volunteerism: This is the time of year when we are reminded of the importance of giving. Many companies not only donate generously to nonprofits and community programs,...more

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