Cadwalader Climate

In this week's U.S.-focused edition, we look at the world's largest asset manager's updated voting guidelines which seek to strike a balance amidst the fraught political rhetoric surrounding sustainable investment. The Supreme Court curtails the power of federal agencies to interpret ambiguous statutes, a power which historically has been the foundation for key environmental policies, and the Environmental Protection Agency publishes its annual Climate Change Indicators, for the first time including Marine Heat Waves and Heat-Related Workplace Deaths.

BlackRock Introduces New Voting Policy for Climate Proposals

On July 2, the world's largest asset manager, BlackRock Inc., published updated decarbonization investment guidelines, which will require funds with specific climate change mandates to consider shareholder proposals that, for example, ask companies to make Scope 3 emissions disclosures. This will allow climate-focused funds to take an activist position on