Live Lobbying Updates & Resources

The top half of this page contains "live lobbying updates" - the most significant lobbying developments tracked by the InfluenceMap team, updated on a weekly basis. These primarily relate to the 80+ financial institutions and their industry associations tracked on the platform, but will also include any notable examples of ‘real economy’ engagement on sustainable finance policy. If you are interested in receiving these updates on a fortnightly basis, please contact rebecca.vaughan@influencemap.org.


Scroll down to view InfluenceMap reports and briefings relating to sustainable finance.

Live Lobbying Updates

Legal & General Investment Management supports Illinois ESG investment disclosure bill

02 June 2023

In a March 7 hearing of the Illinois Financial Institutions & Licensing Committee, Legal & General Investment Management (LGIM) registered in support of HB 2782, a bill that would require investment managers to disclose how ESG factors are integrated into decision making.

American Property Casualty Insurance Association continues to oppose Texas anti-ESG bill

19 May 2023

In a May 10 Bloomberg article, the vice president of state government relations for the American Property Casualty Insurance Association outlined opposition to Texas SB 833 - a bill that would limit the use of ESG factors in insurance ratemaking.

Legal & General Investment Management and Aviva advocate for mandatory implementation of transition plans in the UK

05 May 2023

In oral evidence presented at the Environmental Audit Committee on the financial sector and the UK's net zero transition in March 2023, financial companies offered strong support for ambitious sustainable finance policies, such as mandatory transition plans and the upcoming taxonomy. Legal and General Investment Management (LGIM) and Aviva advocated for a mandatory implementation of transition plans, while HSBC offered broad support. LGIM also supported a science-based and independent approach to the taxonomy, and AXA also offered broad support while cautioning against the compliance burden.

Chubb and insurance industry associations oppose Texas anti-ESG bill

14 April 2023

In a March 14 hearing in front of the Texas Insurance Committee, the American Property Casualty Insurance Association, the National Association of Mutual Insurance Companies, and Chubb registered in opposition to HB 1239, a bill that would prohibit the use of ESG factors in insurers’ underwriting processes.

Financial entities oppose California's greenhouse gas disclosure bill

11 April 2023

According to a 15th March floor analysis from the California Senate Committee on Environmental Quality, the American Property Casualty Insurance Association and the Securities Industry and Financial Markets Association registered in opposition to SB 253, a bill that would mandate corporate disclosure of Scopes 1, 2, and 3 greenhouse gas emissions.

American Retirement Association supports Biden veto of anti-ESG measure

30 March 2023

In a 20th March statement, American Retirement Association CEO Brian Graff stated support for the Biden Administration’s decision to veto House Joint Resolution 30, a measure that sought to prevent the Department of Labor’s “Prudence and Loyalty” rule from taking effect. The resolution would have made it more difficult for fiduciaries to consider ESG factors in investment decisions.

​​The European Banking Federation supports mandatory transition plans in the EU​

17 March 2023

​​In a February 2023 position paper, the European Banking Federation (EBF) suggested to the European Union (EU) Commission to issue a “clear transition finance framework including guidelines and benchmark sectoral transition pathways and roadmaps”. In the same position paper, EBF also supported enlarging the list of activities included in the EU taxonomy based on "Low environmental impact (LEnvI) activities".​

​​American Property Casualty Insurance Association opposes Connecticut fossil fuel insurance tax​

17 March 2023

​​In a March 2 letter to the Connecticut Insurance and Real Estate Committee, the American Property Casualty Insurance Association (APCIA) opposed HB 1115, a bill that would impose a surcharge on insurance companies that underwrite fossil fuel companies.​

​​Financial sector opposes the European Securities and Markets Authority's proposals for regulation on ESG fund names​

03 March 2023

On the 21st of February, Responsible Investor reported overall opposition from financial sector participants to the European Securities and Markets Authority (ESMA)’s proposed guidelines for funds with names that use the terms 'ESG' or 'sustainability'. Comments raised concerns around thresholds and the linkage with SFDR, such as those from JP Morgan Asset Management, Amundi and Schroders, as well as association Investment Company Institute (ICI). State Street stated strong opposition to introducing quantitative thresholds, while BNP Paribas suggested lowering thresholds for fund names with sustainability language and BlackRock broadly supported the minimum thresholds. In a Bloomberg article, the Alternative Investment Management Association (AIMA) contested ESMA’s proposal, arguing it lacks the necessary “solid legal basis”.

​​US Chamber of Commerce reiterates opposition to the SEC climate disclosure rule​

03 March 2023

In a February 27 letter to the US Securities and Exchange Commission (SEC), the US Chamber of Commerce offered additional comments on SEC's climate disclosure rule, asserting that regulatory developments at the Department of Labor and the Federal Acquisition Regulatory Council confirm the notion that the proposed rules are inappropriate, while also reiterating its belief that the SEC lacks the authority to finalize the rules.

Aegon Asset Management and Danske Bank call out major European banks to stop new oil and gas field financing

21 February 2023

In a joint investor letter, Danske Bank and Aegon Asset Management, have called on major European banks (Barclays, BNP Paribas, Crédit Agricole, Deutsche Bank and Société Générale) to stop directly financing new oil and gas fields by the end of 2023.

US associations oppose climate disclosure rule for federal contractors

17 February 2023

In February 13 comments, the American Bankers Association and the US Chamber of Commerce (US Chamber) urged the Federal Acquisition Regulatory Council to withdraw its proposed climate disclosure rule for federal contractors. The US Chamber asserted that the rule exceeds the Council’s authority and violates the First Amendment.

JPMorgan supports Japanese ESG labelling rules

27 January 2023

In a January 19 Bloomberg article, the head of ESG research at JPMorgan Securities Japan Co. stated support for the Financial Services Agency’s proposed rules that would raise the threshold for funds to be able to use the label “ESG.”

Financial associations caution against EU efforts to define greenwashing

27 January 2023

The European Fund and Asset Management Association (EFAMA), the Association for Financial Markets in Europe (AFME), the Alternative Investment Management Association (AIMA) and the Investment Company Institute (ICI) have cautioned against the European Supervisory Authorities' (ESAs) proposed approach to regulating greenwashing. For instance, AFME and EFAMA have highlighted that there should be a reference to intentionality in misleading claims and ICI has stated that a regulatory definition of greenwashing would be “counterproductive”.

Deutsche Bank argues against current level of European sustainable finance regulation

13 January 2023

In a November 2022 European Banking Congress in Frankfurt, Deutsche Bank CEO Christian Sewing argued that “the current regulatory framework does little to strengthen European banks,” and that while Europe is currently a leader in sustainable finance, the bloc “will soon lose this leadership” if regulation “continues as it has.”

Securities Industry and Financial Markets Association expresses concern about the SEC's sustainable finance regulatory efforts

16 December 2022

In a Roll Call article from December 8, associate general counsel for the Securities Industry and Financial Markets Association Asset Management Group Lindsey Keljo expressed concern about the US Securities and Exchange Commission’s (SEC) “numerous rulemakings” including its proposed climate risk disclosure rule and disclosures for ESG funds and investment advisers

Investment Company Institute expresses concern about SEC’s investor ESG disclosure rule

09 December 2022

On November 28th, representatives from the Investment Company Institute (ICI) and some of its members, including BlackRock, Fidelity, and JP Morgan, met with the Securities and Exchange Commission to discuss the Commission’s proposed ESG disclosure rule for investment advisers and investment companies. The ICI expressed concern about the rule’s timeline and availability of emissions data.

American Chemistry Council urges US SEC to withdraw its climate disclosure rule proposal

11 November 2022

On November 1st 2022, the American Chemistry Council submitted a comment on the US Securities and Exchange Commission's (SEC) proposed climate disclosure rule, following up on the Council’s July 2022 comment letter. The Council urged the SEC to withdraw its proposal, asserting that the Supreme Court’s decision in West Virginia v. EPA reinforces the claim that the SEC does not have the authority to finalize the proposal.

BlackRock expresses support for the inclusion of fossil gas in the EU taxonomy

30 September 2022

In a September 16th conversation with BBVA President Carlos Torres Vila, BlackRock CEO Larry Fink expressed support for the inclusion of gas in the EU green taxonomy, saying he was “very pleased that the Eurozone has finally said ‘gas is green.’”

BlackRock contests 'climate agenda' claims

16 September 2022

In a September 7th response to the assertion by 19 state attorney generals that BlackRock is sacrificing returns to pursue a “climate agenda”, the asset manager contested this characterization and wrote that it was “disturbed by the emerging trend of political initiatives that sacrifice pension plans’ access to high-quality investments - and therefore jeopardize pensioners’ financial returns.”

Investment Company Institute criticizes Texas' ban on firms and funds that 'boycott' energy companies

26 August 2022

On August 24th, after the Texas Comptroller published a list of firms and funds that are banned from doing business with the state because they “boycott” energy companies, the Investment Company Institute issued a press release criticizing this action and urged lawmakers to “prioritize Texas families over partisanship.”

Financial groups express concern on ISSB's proposed scope 3 disclosure requirements

27 March 2023

In July 29th responses to the International Sustainability Standards Board’s (ISSB) Climate and Sustainability Disclosure Exposure Drafts, several financial groups expressed concern with the ISSB's proposed Scope 3 emissions disclosures, and encouraged regulators to take a more flexible approach toward Scope 3 disclosure requirements. These include: BlackRock, State Street, Investment Company Institute, the American Bankers Association, the Bank Policy Institute, and Vanguard.

Insurance Europe questions the risk of climate change to the insurance sector

15 July 2022

In a July 6th response to a consultation on climate risk by the global Financial Stability Board (FSB), Insurance Europe questioned the FSB’s position that climate change poses a systemic risk to the insurance sector and appeared to caution against potential macroprudential measures.

American Petroleum Institute supports fossil gas in the EU taxonomy

15 July 2022

In an American Petroleum Institute (API) blog post from July 8th 2022, the association appeared to support the inclusion of fossil gas in the EU Taxonomy.

BusinessEurope advocates for weakening of EU taxonomy

30 June 2022

In a letter to Members of the European Parliament (MEPs) on 23rd June, BusinessEurope advocated for the weakening of the EU taxonomy by urging MEPs to support the complementary delegated act that would add certain gas and nuclear activities to the taxonomy.

Business Roundtable supports SEC's proposed climate rule with major exceptions

23 June 2022

In a June 17th letter to the US Securities and Exchange Commission (SEC), Business Roundtable supported the climate disclosure rule with several major exceptions, including not supporting requirements on Scope 3 emissions and describing that the SEC’s cost-benefit analysis was “fundamentally flawed”

Salesforce states support for SEC's proposed climate rule

23 June 2022

In a June 15th letter to the U.S. Securities and Exchange Commission (SEC), Salesforce stated support for the Commission’s proposed climate disclosure rule, advocating for increased ambition in some areas and increased flexibility in others.

The Independent Petroleum Association of America opposes SEC's climate disclosure rule

17 June 2022

In a June 13th comment letter to the US Securities & Exchange Commission (SEC), the Independent Petroleum Association of America urged the Commission to withdraw its proposed climate disclosure rule, writing that the rule would be “utilized by anti-fossil energy lobbyists to pursue their agendas.”

National Association of Manufacturers opposes SEC climate disclosure rule

09 June 2022

In a June 7th press release, the National Association of Manufacturers (NAM) stated that it was “pushing back” against the U.S. Securities and Exchange Commission's (SEC) climate change disclosure rule. In particular, it stated opposition to disclosure of scope 3 emissions, auditing requirements and advocated for the weakening of climate-risk disclosures. In an interview with CNBC on June 1st, NAM CEO Jay Timmons argued that small companies could not afford the rule in a time of “record inflation and supply chain shortages and worker shortages”.

Truist comments on Federal Deposit Insurance Corporation's climate regulation

09 June 2022

In a June 3rd comment to the Federal Deposit Insurance Corporation, Truist encouraged flexibility in climate risk management regulation and emphasized that emerging data and methodologies limit the usefulness of scenario analysis and other risk management strategies. Truist also asked the Corporation to reconsider a proposed provision to require financial institutions to mitigate the impact that risk management has on the broader economy.

NextEra Energy supports SEC climate disclosure rule

09 June 2022

At a May 2022 Aspen Institute event, NextEra Energy CEO, Rebecca Kujawa, appeared to support the U.S. Securities and Exchange Commission's (SEC) proposed climate disclosure rule because it would push companies to buy renewable energy. Kujawa stated that utilities would have a “whole new customer base that’s going to be excited about decarbonization” which would present “trillions of dollars of investment opportunity.”

US Chamber question the Department of Labor's authority

25 May 2022

In May 16 comments to the Department of Labor in response to its request for input on Possible Agency Actions to Protect Life Savings and Pensions from Threats of Climate-Related Financial Risk, the US Chamber of Commerce argued that the agency did not have the authority to require fiduciaries to consider climate risk in decision making or disclose how they consider climate risk in decision making.

US financials oppose regulation on climate risks in pensions and life savings

18 May 2022

In May 2022 responses to the Department of Labor’s request for information on Possible Agency Action to Protect Life Savings and Pensions from Threats of Climate-Related Financial Risk, the American Bankers Association (ABA), the American Retirement Association (ARA), and Securities Industry and Financial Markets Association (SIFMA) stated opposition to regulatory action to require fiduciaries to consider climate risk in retirement plan decision making.

BlackRock appears to oppose a weakened EU taxonomy

11 May 2022

In a May 6th 2022 article from German media outlet Tagesschau, BlackRock Investment Strategist, Martin Lück, appeared to oppose the weakening of the EU’s taxonomy to include natural gas.

Investment Company Institute states support for SEC's proposed rule on climate disclosures

24 March 2022

Following the release of the SEC’s proposed rule-making on climate disclosures, the Investment Company Institute published a press release on March 21st in which CEO Eric J. Pan stated support for the proposal.

API appears to oppose SEC's proposed rule-making on climate disclosures

24 March 2022

In a March 21st press release, the American Petroleum Institute (API) did not appear to support the US Securities and Exchange Commission's proposed rule on climate change disclosures. API argued that it would “create confusion for investors and capital markets”.

Blackrock communicated with Texas regulators in support of investment in oil and gas

09 March 2022

Emails from January 2022 obtained by an InfluenceMap Freedom of Information Request show evidence of BlackRock communicating support for continued investment in oil and gas to Texas regulators.

US Chamber of Commerce opposed Federal Reserve nominees for past criticism on lending to fossil fuels

18 February 2022

Republicans on the Senate Banking Committee are obstructing the nomination of Sarah Bloom Raskin to the Federal Reserve, along with four other Federal Reserve nominees. This opposition follows a letter sent to the Committee by the US Chamber that raised concerns about Bloom Raskin’s past criticisms of lending to fossil fuel companies.

APCIA oppose bill aimed at increasing transparency on fossil fuel investments

02 February 2022

The American Property Casualty Insurance Insurance Association stated opposition to a California bill that would require insurance companies to disclose investments in and underwriting of fossil fuel-related entities and would authorize the insurance commissioner to prohibit or restrict fossil fuel-related investments and underwriting. A spokesman for the organization called the California bill “unnecessary and potentially dangerous.”

IIGCC criticize the EU's proposal to weaken the taxonomy

17 January 2022

The Institutional Investors Group on Climate Change (IIGCC) published an open letter heavily criticizing the European Commission’s proposal to weaken the taxonomy regulation by allowing some natural gas to be considered ‘green’

US Chamber of Commerce opposing including shareholders in ESG governance

12 November 2021

The US Chamber of Commerce (the Chamber) issued a press release calling for the reversal of newly issued Securities and Exchange Commission (SEC) guidance on shareholder proposals. The guidance makes it more difficult for companies to exclude shareholder proposals that deal with environmental, social, and governance issues, which the Chamber characterized as the SEC siding with a “small minority of activists” and turning shareholder meetings into “political debate societies.”

EU industry associations disagree with timeline and requirements of taxonomy-related corporate reporting

02 July 2021

EU industry associations including IOGP, FuelsEurope and Cefic are calling for a delay to taxonomy-related corporate reporting requirements. They are also opposing requirements to explain why activities are not compliant with the taxonomy, for example where they significantly harm environmental objectives or do not comply with minimum social safeguards.

US financial executives meet with SEC to discuss climate disclosure rule

02 June 2023

According to a US Securities and Exchange Commission (SEC) memo, on May 17 SEC Chair Gensler and SEC staff met with representatives of financial institutions, including several executives, to discuss the SEC’s proposed climate disclosure rule. Meeting participants included members of the Bank Policy Institute: Bank of Montreal, BNP Paribas, BNY Mellon, Charles Schwab, Citigroup, Citizens Financial, JPMorgan, Northern Trust, PNC Financial, Santander, TD Bank, Truist, US Bancorp, UBS

American Bankers Association tells Congress that the SEC’s climate disclosure rule must be withdrawn

05 May 2023

In an 18th April testimony to the House Financial Services Committee, the American Bankers Association asserted that the US SEC’s climate disclosure rulemaking went beyond the Commission’s mandate, advocating for the rule to be withdrawn and reproposed with a more limited scope.

Financials support mandatory climate disclosures in response to Australia's Treasury consultation

05 May 2023

A number of financial companies have supported mandatory climate disclosures in response to the Australian Treasury’s consultation on climate-related financial disclosure, which run from December 2022 to February 2023. Both Allianz and Calvert Research and Management (Morgan Stanley) stated support proposed Scope 3 disclosures, and Allianz further suggested a “double materiality” approach to be applied. Norges Bank Investment Management (NBIM) and Société Générale Australia also offered full support, including scope 3 disclosures. Federated Hermes and MUFG Bank broadly supported the Treasury’s initial proposal but suggested that disclosure for certain financial sectors should be applied at a later stage.

BusinessEurope advocates to weaken EU sustainability reporting standards

14 April 2023

In a March 31st letter to European Commission President Ursula von der Leyen, BusinessEurope advocated for a reduction in reporting under the upcoming Corporate Sustainability Reporting Directive (CSRD) and argued that it currently “represents a gigantic sum of extremely granular reporting obligations”

Financial institutions advocate to US policymakers to ensure investors are able to consider material ESG factors

31 March 2023

In a joint investor statement to US policymakers published in March 2023, a number of financial institutions have advocated for the need to ensure that policy and regulatory action is consistent with the Paris Agreement, and that the financial sector is able to incorporate material ESG factors into decision-making. Amongst the signatories are Franklin Templeton, Phoenix Group, and asset managers Zevin Asset Management, Trillium Asset Management and Boston Trust Walden.

BNP Paribas calls on the EU to delay updating Basel Pillar I for ESG risks

11 April 2023

In a meeting with the Cabinet of Commissioner McGuiness in September 2022, obtained through a Freedom of Information (FOI) request, BNP Paribas urged the European Union Commission to focus the 2021 Banking Package on the implementation of Basel III, and to wait for further analysis before proposing changes to Pillar I for ESG risks.

​​European financials engage on US climate disclosure rule​

17 March 2023

​​A memo from the Securities and Exchange Commission (SEC) details a March 2, 2023 meeting with representatives from the European Banking Federation, UK Finance, Commerzbank, BNP Paribas, Societe Generale, Deutsche Bank, and Barclays. Meeting participants discussed the SEC’s proposed climate disclosure rule, but details of this discussion are unclear.​

​​Insurance industry associations oppose South Dakota “anti-ESG” bill​

17 March 2023

​​In a February 15 testimony to the South Dakota House Commerce and Energy Committee, representatives from the American Property Casualty Insurance Association (APCIA) and the American Council of Life Insurers (ACLI) opposed HB 1207, a bill that would prohibit the use of ESG factors in risk management and underwriting activities.​

​​Investment Company Institute unsupportive of Australian climate disclosure framework​

03 March 2023

​​In a February 16 response to the Australian Treasury’s consultation on climate-related financial disclosure, the Investment Company Institute advocated for less ambitious Scope 3 disclosure requirements and asserted that asset managers should not be subject to the reporting requirements.​

National Association of Manufacturers opposes climate disclosure rule for federal contractors

24 February 2023

In a 15th February press release and 13th February comment letter, the National Association of Manufacturers called on the Federal Acquisition Regulatory Council to rescind its proposed climate disclosure rule for federal contractors, arguing that the Council did not have the authority to issue the rule.

Industry associations outline objections to US Federal Reserve’s climate risk guidelines

17 February 2023

In February 6th comments to the US Federal Reserve, industry associations outlined objections to and advocated for flexibility in draft climate risk management principles. The American Bankers Association, the Bank Policy Institute, the Financial Services Forum, and the Securities Industry and Financial Markets Association opposed a requirement for boards to ensure that public statements on climate are consistent with internal strategies. The Institute of International Finance suggested that some risk management provisions were “premature” and the US Chamber warned against placing “undue emphasis” on climate-related risks.

American Bankers Association opposes US anti-ESG bills

27 January 2023

According to a January 23 blog post, the American Bankers Association (ABA) urged the American Legislative Exchange Council (ALEC) to reconsider its draft model anti-ESG bill, stating that “government should not be dictating business decisions to the private sector.”. Following ABA’s advocacy, ALEC rejected the proposed bill and sent it back to its energy task force for additional review.

JPMorgan calls for continued investment in fossil fuels for next 50 years

27 January 2023

In an interview with CNBC at Davos on January 19, JPMorgan CEO Jamie Dimon called for continued investments in fossil fuels, stating “we need cheap oil and gas, for 50 years.”

JP Morgan meets with European Commission to outline challenges with corporate reporting rules

20 January 2023

According to meeting notes obtained by Freedom of Information request, on December 7th 2022, representatives from JP Morgan met with the office of the Executive Vice President of the European Commission to discuss challenges with reporting under the Corporate Sustainability Reporting Directive (CSRD), particularly for parent companies based in third countries. Participants also discussed the European Green Deal and the US Inflation Reduction Act, but meeting notes do not detail positions on these policies.

US industry associations object to efforts to incorporate climate risk into insurance supervision

13 January 2023

On December 20th 2022, the US Chamber of Commerce, the National Association of Mutual Insurance Companies, and the American Property Casualty Insurance Association submitted comments to the Federal Insurance Office to outline their objections to the Office’s proposed climate-related financial risk data collection proposal. All three opposed proposed ZIP code level data collection, and the US Chamber contested the idea that climate-related events affect insurance coverage.

Investment Company Institute opposes SEC Names Rule proposal

16 December 2022

In a December 8th op-ed in the Financial Times, Investment Company Institute General Counsel Susan Olson urged the US Securities and Exchange Commission (SEC) to abandon its proposed expansion of the fund names rule to cover ESG-related funds, calling the proposal “nonsensical.”

American Retirement Association pushes back on anti-ESG bill

09 December 2022

In a December 5th press release, American Retirement Association CEO Brian Graff pushed back on a legislative proposal that seeks to block the Department of Labor’s recent “Prudence and Loyalty” rule, which permits the use of ESG factors in fiduciaries’ decision-making. Graff called the bill “nonsense” and a “political reaction.”

US Chamber of Commerce opposes US SEC's proposed climate disclosure rule

11 November 2022

On November 1st, the US Chamber submitted a comment on the US Securities and Exchange Commission's (SEC) proposed climate disclosure rule, following up on the Chamber’s June 2022 comment letter. The Chamber reasserted its view that the SEC lacks authority to finalize the rule, citing the Supreme Court’s decision in West Virginia v. EPA and suggesting that the rule implicates the “major questions doctrine.” The Chamber also cited "unusually widespread concerns" about the rule, coming from "every segment of the market."

Citigroup does not appear to support climate stress testing

07 October 2022

In a September 21st US House Committee on Financial Services hearing, Citigroup CEO, Jane Fraser, was asked whether a bill to require climate stress testing and introduce climate-related capital requirements was a “good idea”. Fraser responded, “the challenge with that idea at the moment is we just don’t have the data.”

BlackRock supports long-term role for fossil gas

16 September 2022

In an interview with Fox Business on September 6th, BlackRock Chairman and CEO, Larry Fink, asserted that “in any ESG or any energy transition” gas would “play a central role for the next 50 years.”

US financial associations oppose the Climate Corporate Accountability Act

26 August 2022

On August 17th, financial industry associations including the American Bankers Association, the Bank Policy Institute, and the Securities Industry and Financial Markets Association sent a joint letter to the California State Assembly outlining their opposition to SB 260, the Climate Corporate Accountability Act. The associations urged lawmakers to halt the bill, which would require companies doing business in California to disclose Scopes 1, 2, and 3 greenhouse gas emissions.

ABA expresses concern on greenhouse gas reporting legislation

05 August 2022

In an August 2 Politico newsletter, a spokesman for the American Bankers Association (ABA) expressed concern with California SB 260, a bill that would require companies to disclose greenhouse gas emissions including Scope 3 emissions. The bill is scheduled for a hearing in the California Assembly Appropriations Committee on Wednesday, August 3.

US Chamber opposes climate risk regulation

15 July 2022

In a June 30th response to a consultation on climate risk by the global Financial Stability Board (FSB), the US Chamber of Commerce opposed the need for regulatory intervention on climate risk broadly, as well as specifically opposing Scope 3 disclosure requirements and macroprudential measures. The Chamber also described the timeframe for reaching net-zero as “30-50 years”.

European Banking Federation opposes mandatory EU Green Bond Standard

14 July 2022

In a 4th July position paper, the European Banking Federation (EBF) opposed the EU Parliament’s proposal for a mandatory EU Green Bond Standard, stating that a “voluntary standard, as initially proposed by the European Commission, will better serve the growth of the green bond market and the EU GBS will likely find wide acceptance without being established as a mandatory standard”.

IIGCC CEO supported UK green taxonomy in line with 2050 net-zero target

30 June 2022

On 21st of June 2022, the CEOs of the Institutional Investors Group on Climate Change (IIGCC), UN Principles for Responsible Investment and UK Sustainable Investment and Finance Association (UKSIF), wrote to UK’s Prime Minister in support of the development of the green taxonomy in the UK. However, they expressed serious concerns on the potential inclusion of natural gas as a sustainable activity and advocated for a taxonomy in line with UK’s 2050 net-zero objective.

US Chamber questions SEC's authority over proposed climate rule

23 June 2022

In a June 16th letter to the U.S. Securities and Exchange Commission (SEC), the US Chamber of Commerce questioned the need for the climate disclosure rule and argued that the SEC does not have the legal authority to propose the rule.

American Chemistry Council opposes SEC's proposed climate rule

23 June 2022

On June 17th, in a letter to the SEC, the American Chemistry Council stated opposition to the Commission’s proposed climate disclosure rule and requested the rule be withdrawn, calling it “legally unsupportable.”

US financial associations sign letter opposing California's Climate Corporate Accountability Act

17 June 2022

In a May 26th joint letter to the California Assembly Natural Resources Committee, industry associations including the American Bankers Association, the American Council of Life Insurers, the American Property Casualty Insurance Association, and the National Association of Mutual Insurance Companies stated opposition to California Senate Bill 260, the Climate Corporate Accountability Act. The bill would require businesses to disclose Scope 1, 2, and 3 greenhouse gas emissions and ensure these disclosures have been verified by an independent auditor.

Allianz strongly supports SEC climate disclosure rule

09 June 2022

In a statement on June 8th, Allianz board member and chair of the Net Zero Asset Owner Alliance, Günther Thallinger, stated strong support for the SEC’s proposed rule on climate change disclosures and called for increased ambition in some areas of the rule.

US financial associations unsupportive of climate-related risk regulation

09 June 2022

In June 3rd comments to the Federal Deposit Insurance Corporation, financial industry associations including the Bank Policy Institute, the American Bankers Association, the US Chamber, and the Securities Industry and Financial Markets Association did not support prescriptive climate-related risk regulation for large financial institutions and asked for flexibility in final rule language.

TIAA gives mixed response to climate disclosure plan

25 May 2022

On May 16 comments to the Department of Labor in response to its request for input on Possible Agency Actions to Protect Life Savings and Pensions from Threats of Climate-Related Financial Risk, TIAA encouraged the Department to finalize its 2021 rule on ESG investing to give fiduciaries greater confidence when considering ESG factors in decision-making, but did not support requiring plan sponsors to disclose climate data.

AFME support decision for Green Bond Standard to remain voluntary

25 May 2022

In a May 16th press release, Association for Financial Markets in Europe (AFME) supported the compromise at the EU Parliament regarding the EU Green Bond Standard, by which it will remain as a voluntary standard. AFME has further pushed for the standard to exclude requirements for transition plans.

American Bankers Association appears unsupportive of SEC climate disclosure rule

18 May 2022

In an American Bankers Association (ABA) Banking Journal podcast on May 11, ABA executives questioned the value of the proposed SEC climate disclosure rule, advocating for increased flexibility in the rule and more time for implementation.

Bank of America supports SEC's climate disclosure rule

13 April 2022

On April 8th, Bank of America expressed support for the Securities and Exchange Commission’s proposed climate disclosure rule, emphasizing that Scope 3 disclosures should not be immediately required.

Bank Policy Institute voice concerns over SEC's proposed rule-making on climate disclosures

24 March 2022

Following the release of the US Securities and Exchange Commission's (SEC) proposed rule-making on climate disclosures, the Bank Policy Institute published a press release on March 21st arguing that the proposal was “overly ambitious”, and urged the SEC to move forward in a more measured way.

Financial companies lobbied in favor of investment in fossil fuels

10 March 2022

Letters submitted to the Texas Municipal Advisory Council and accessed by InfluenceMap in January 2022 show evidence of Barclays, Citigroup, RBC, UBS, U.S. Bancorp, and Wells Fargo stating continued support for investing in fossil fuels. The letters certify that the institutions have pledged to not “boycott energy companies.”

US Chamber of Commerce advocate for market driven and flexible sustainable finance policies

24 February 2022

The US Chamber of Commerce responded to US and global consultations on integrating climate risk into financial regulation, advocating for a market-driven approach to tackling climate financial risk and arguing that any regulation must be highly flexible.

EBF wants slower integration of ESG into prudential regulation

16 February 2022

In comments to the Basel Committee on Banking Supervision (BCBS) consultation on climate-related financial risks, the European Banking Federation (EBF) has argued for a more gradual implementation of the integration of ESG into prudential regulation, has suggested that more data is still needed on the impact of climate change, and also appeared to advocate against stress testing leading to changes in capital requirements.

Bank Policy Institute downplay climate risks

26 January 2022

In response to a Bank of England analysis which indicated that climate risks could be as severe as the 2007-2009 financial crisis, the Bank Policy Institute published a blog post suggesting that this analysis was overstating the risk. They argue that “there is a concern that banking regulators may be tempted to make those scenarios more severe in somewhat arbitrary ways.”

Major US groups lobby to weaken ESG considerations in regulation

17 January 2022

Comment letters released in January 2022 show that the US Chamber, the National Association of Manufacturers, the Investment Company Institute, State Street Global Advisors, and Fidelity are among several trade associations and companies that asked the Biden administration’s Department of Labor to weaken language and remove references to ESG considerations from proposed “Prudence and Loyalty” regulation. The proposal reverses Trump-era guidance that sought to limit ESG investing and rollback shareholder rights.

NAM warned against increasing climate change disclosure requirements

11 November 2021

The National Association of Manufacturers (NAM) wrote to the Securities and Exchange Commission (SEC) to express its concerns with the SEC’s recent sample letter to companies regarding climate change disclosures. The NAM cautioned the SEC against imposing new reporting requirements without following the rulemaking process and warned against extending into the “policymaking realm.”

Investor group pushes for net-zero financial sector in the UK

07 May 2021

The Institutional Investors Group on Climate Change (IIGCC) and a number of its members co-signed a letter asking the UK’s Prime Minister to commit to a net zero financial sector ahead of the G7 summit in June.

PensionsEurope opposes request for more detailed data for analysis of ESG risks

19 May 2023

In response to the European Insurance and Occupational Pensions Authority (EIOPA) in March 2022, obtained through FOI request, PensionsEurope did not support EIOPA's proposed changes to required disclosure from occupational pension funds as it “may be premature to request detailed ESG data on a regular basis from IORPs”, also highlighting high costs. Dutch and Belgian pension associations, Pensioenfederatie and PensioPlus offered similar positions.

US Chamber of Commerce opposes EU climate disclosure rules

05 May 2023

In a 26th April Wall Street Journal article, a representative from the US Chamber of Commerce outlined opposition to the EU Corporate Sustainability Reporting Directive (CSRD), asserting that the Chamber was trying to “ward off or avoid the inevitability of those rules taking effect.”

IIGCC advocates for higher ambition in the UK’s updated Green Finance Strategy

21 April 2023

In response to the UK’s publication of the updated Green Finance Strategy in April 2023, the Institutional Investors Group on Climate Change (IIGCC) advocated for policymakers to deliver “the policy clarity investors need to invest in net-zero”, and also supported mandatory transition plan disclosures and a science-based, mandatory UK green taxonomy.

Securities Industry and Financial Markets Association opposes California's climate risk disclosure bill

11 April 2023

According to a 15th March floor analysis from the California Senate Committee on Environmental Quality, the Securities Industry and Financial Markets Association has registered in opposition to SB 261, a bill that would mandate corporate disclosure of climate-related financial risk.

Investment Company Institute meets with regulation-critical SEC commissioner

30 March 2023

On 14th March, members of the Investment Company Institute including CEO Eric Pan met with SEC Commissioner Hester Peirce to discuss the Investment Company Names rule. Peirce has been critical of this proposal.

Insurance Europe recommends caution around the prudential treatment of sustainability risks ​

17 March 2023

​​In response to a discussion paper by the European Insurance and Occupational Pensions Authority (EIOPA) on the prudential treatment of sustainability risks in March 2023, Insurance Europe cautioned against an “overly theoretical and complex approach”. Insurance Europe also opposed the need to assess prudential treatment of social risks and objectives.​

Bank Policy Institute unsupportive of US Scope 3 disclosure requirements​

17 March 2023

​​In a Politico article from March 6, Bank Policy Institute expressed opposition to Scope 3 emissions disclosure requirements in the US Securities and Exchange Commission’s proposed climate disclosure rule.​

US Chamber submits another comment in opposition to SEC climate disclosure rule

10 March 2023

In a 27th February letter to the US Securities and Exchange Commission (SEC), the US Chamber of Commerce offered additional comments on the SEC's climate disclosure rule, asserting that regulatory developments at the Department of Labor and the Federal Acquisition Regulatory Council confirm the notion that the proposed rules are inappropriate and reasserting its belief that the SEC lacks the authority to finalize the rules.

​​BNP Paribas supportive of Scope 3 disclosure requirements​

03 March 2023

​​On January 10, BNP Paribas met with the US Securities and Exchange Commission (SEC) to discuss the SEC's proposed climate disclosure rule and assert its position that Scope 3 emissions are “important to understanding companies’ exposure to transition risk.”​

The Securities Industry and Financial Markets Association cautions against Sustainability Disclosure Requirements in the UK

17 February 2023

In its January 2023 response to the UK’s Financial Conduct Authority in January, the Securities Industry and Financial Markets Association (SIFMA) opposed the need for non-UK managers to be subjected to Sustainability Disclosure Requirements regulation and suggested a delay to implementation. SIFMA also argued against the proposed channels to achieve sustainability outcomes and suggested the “sustainable impact” label should be more broad.

State Street outlines objections to US Federal Reserve’s climate risk guidelines

17 February 2023

In a February 6th comment to the US Federal Reserve, State Street suggested that some of its draft climate risk management principles were “overly prescriptive,” and stressed the need for flexibility in implementation.

Investment Company Institute unsupportive of US sustainable finance rule-making

27 January 2023

In a January 20 tweet, the Investment Company Institute linked to an opinion piece that asserts that the U.S. Securities and Exchange Commission (SEC) is going beyond its statutory remit, including with its climate disclosure proposal. The tweet stated that the piece made “several important points” about the SEC’s recent proposals.

Commerzbank warns against new proposed criteria for funds with ESG language in their names

27 January 2023

As reported by Responsible Investor in January 2023, Commerzbank has argued against the new proposed rules by the European Securities and Markets Authority (ESMA) for ESG-related names for funds in the EU.

BlackRock CEO opposes Scope 3 emissions disclosure regulation

20 January 2023

In a January 10 podcast interview with Norges Bank Investment Management CEO Nicolai Tangen, BlackRock CEO Larry Fink outlined his opposition to government-mandated Scope 3 emissions disclosure, saying “I don’t believe in Scope 3, because I don’t want to be the environmental police.”

Financial sector advocates for the alignment of global financial flows with biodiversity goals

22 December 2022

In a joint statement released during COP15 in December 2022, the financial sector (incl. Allianz, AXA, HSBC, UBS, Schroders, Mizuho Financial Group, amongst others) advocated for the post-2020 global biodiversity framework to mandate the alignment of financial flows with biodiversity goals, as well as the assessment and disclosure of nature-related impacts and dependencies

Allianz and the Commonwealth Bank of Australia support Australian regulators' push on sustainable finance

16 December 2022

As part of a joint letter from December 12th, Allianz and the Commonwealth Bank of Australia welcomed the Treasurer’s announcements on the Australian Government’s plans to drive sustainable finance. It included support for the newly launched consultation process on climate-related disclosures, and plans for a science-based Australian Sustainable Finance Taxonomy.

BusinessEurope and European Banking Federation oppose capital charges for fossil-fuel intensive investments

09 December 2022

In a joint letter sent to the EU Parliament on November 30th, BusinessEurope and the European Banking Federation (EBF) stated concerns around the Parliament’s consideration of “Pillar 1 capital charge for so called “brown exposures”” as part of the EU’s Banking Package, which would limit the capacity for fossil-fuel intensive investments.

European Banking Federation opposes amendment to the EU banking regulation

21 October 2022

In a Euractiv article from the 7th of October on the revision of the banking regulation in the EU, the European Banking Federation (EBF) opposed amendments tabled by the EU Parliament to increase risk-weights for existing and new fossil fuel exposures, calling them “counterproductive”.

US industry groups outline opposition on expanded shareholder rights

16 September 2022

In September 12th letters to the U.S. Securities and Exchange Commission (SEC), the Business Roundtable, the Investment Company Institute, and the US Chamber of Commerce outlined their opposition to proposed rule amendments that seek to expand shareholder rights.

Investment Company Institute criticizes Texas and California's sustainable finance strategies

16 September 2022

On September 8th, the Investment Company Institute President and CEO, Eric Pan, wrote an op-ed criticizing the Texas Comptroller’s decision to ban financial institutions from doing business with the state due to consideration of ESG factors in investment strategies, writing that the decision would “meddle in the financial security of hundreds of thousands of Texas public servants.” Pan also criticized the “heavy-handed actions” of blue states like California, which is “steadily moving toward forcing its public pension funds to divest from fossil fuels.” Pan asserted that financial markets must be “driven by market fundamentals and investor choice” rather than “government imposing its will.”

Financial groups support ISSB's proposed scope 3 disclosure requirements

27 March 2023

In July 29th responses to the International Sustainability Standards Board’s (ISSB) Climate and Sustainability Disclosure Exposure Drafts, several financial groups including abrdn, Capital Group, HSBC Bank Pension Scheme, Nordea Asset Management, and Northern Trust Asset Management expressed support for the ISSB's proposed Scope 3 emissions disclosure requirements.

EDF states support for the inclusion of fossil gas in the EU Taxonomy

15 July 2022

In a tweet on 1st July, EDF supported the inclusion of fossil gas alongside nuclear in the EU Taxonomy complementary delegated act, stating that there are no economically viable alternatives.

VCI and BDI appear to support fossil gas inclusion in the EU taxonomy

15 July 2022

In a tweet on 6th July, the Verband der Chemischen Industrie (VCI) supported the EU Parliament taxonomy vote and the temporary categorization of fossil gas as sustainable. Meanwhile, in a Euractiv article from the same day, the Federation of German Industries (BDI) was quoted as supporting the EU Parliament taxonomy vote, stating support for 'renewable and alternative gases' as bridge technologies in the energy transition.

GasNaturally and Eurogas support weakening of the EU taxonomy

14 July 2022

In a 6th July press release, GasNaturally President Dawn Summers supported a weakening of the EU Sustainable Finance Taxonomy, by including a transitional role for fossil gas. Summers supported the EU Parliament’s decision not to veto the EU Sustainable Finance Taxonomy Delegated Act. Meanwhile, Eurogas Secretary-General James Watson welcomed the EU Parliament’s decision to include fossil gas in the EU Sustainable Finance Taxonomy, in a 6th July Euractiv article. Watson also called for more support for LNG imports.

Financial groups appear to object to SEC's proposed climate disclosure rule

23 June 2022

In June 17th letters to the U.S. Securities and Exchange Commission (SEC), BlackRock and State Street outlined several objections to the Commission’s proposed climate disclosure rule, not supporting the inclusion of financial statement metrics requirements, Scope 3 disclosure requirements, and certain governance and strategy disclosure requirements. On the same day, in a letter to the SEC, Bank of America outlined several areas of objection to the Commission’s proposed climate disclosure rule, including the financial statement metrics requirements and certain governance and scenario analysis disclosure requirements. Bank of America also recommended an extended period for implementation and an expansion of safe harbor provisions. In the previous day, in a letter to the SEC, the Investment Company Institute outlined significant objections to the Commission’s proposed climate disclosure rule, including the proposed financial statement metrics requirements, Scope 3 disclosure requirements, and certain governance and strategy disclosure requirements.

BNP Paribas appears to take a mixed position on SEC's proposed climate rule

23 June 2022

In a June 16th letter to the SEC BNP Paribas took a mixed position on the Commission’s proposed climate disclosure rule. BNP Paribas advocated for increased ambition in some aspects of the rule, requesting that Scope 3 disclosures be required for large issuers in all cases, but called other provisions “overly prescriptive” and advocated for increased flexibility, including extending the breadth of the rule’s safe harbor provisions

Financial industry associations support SEC's proposed climate rule with major exceptions

23 June 2022

In June 16th and 17th comment letters to the US Security and Exchange Commission (SEC), financial industry associations including the Reinsurance Association of America, the Bank Policy Institute, the American Bankers Association, the American Property Casualty Insurance Association, and the Securities Industry and Financial Markets Association outlined objections to the SEC's proposed climate disclosure rule. The groups characterized the proposal as insufficiently flexible and asked for several disclosure provisions to be removed or altered.

Clean Energy Buyers Association support SEC's proposed climate disclosure rule

17 June 2022

On June 6th, the Clean Energy Buyers Association released a blog post stating support for the SEC’s proposed climate disclosure rule, linking its letter to the Commission in support of the rule.

Keidanren opposes key components of SEC climate disclosure rule

09 June 2022

In a May 31st submission to the U.S. Securities and Exchange Commission (SEC), Keidanren (the Japanese Business Federation) opposed several key components of the SEC’s proposed climate change disclosure rule, including mandatory scope 3 reporting, the requirement to disclose the financial impacts of climate change, and the requirement to publish an attestation report. It also called for a delay to implementation of the rule.

ICI and Managed Funds Association unsupportive of SEC's ESG disclosure rules

09 June 2022

On May 26th 2022, Bloomberg reported that the Investment Company Institute (ICI) and the Managed Funds Association did not support the ESG disclosure rules for money managers proposed by the SEC on May 25th. The Investment Company Institute took issue with the requirement for some funds to disclose portfolio emissions, while the Managed Funds Association warned the Commission against adopting an “overly prescriptive” approach.

Financial corporations oppose climate risk disclosures

25 May 2022

In May 2022 the Investment Company Institute, American Council of Life Insurers, AllianceBernstein, and Insight Investment submitted comments in response to the Department of Labor’s request for input on Possible Agency Actions to Protect Life Savings and Pensions from Threats of Climate-Related Financial Risk. The entities did not support a requirement for retirement plans to disclose climate risks and did not support a requirement for plan fiduciaries to consider climate risk in decision making.

Eni, National Association of Manufacturers and AFBF oppose SEC's climate disclosure rule

25 May 2022

In a May 19th press release, the National Association of Manufacturers (NAM) stated it is “mobilizing to defend manufacturers” in response to the Securities & Exchange Commission’s (SEC) climate disclosure rule. NAM argued that disclosure should be "less prescriptive, more flexible and solely based on materiality". Meanwhile, The American Farm Bureau Federation released an "Action Alert" calling on farmers to submit oppositional comments to the SEC through an application on their website. Finally, on May 10th, Grantt Bedford, Director of Safety, Environment and Quality at Eni US, submitted a comment to the SEC opposing its proposal on climate change disclosures.

Aviva calls for net-zero by 2050 to be a statutory objective

17 May 2022

On the 5th May, Aviva and WWF released a joint paper calling for net-zero by 2050 to be a statutory secondary objective for UK financial regulators.

J.P. Morgan urges White House to scale up domestic fossil fuel production

24 March 2022

In a meeting with President Biden on March 21st, J.P. Morgan Chase CEO Jamie Dimon urged the White House to create a “Marshall Plan” to scale up US oil and gas production in response to the Russian invasion of Ukraine.

US Chamber voices concern over SEC's proposed rule-making on climate disclosures

24 March 2022

Following the release of the US Securities and Exchange Commission's proposed rule-making on climate change disclosures, the US Chamber of Commerce published a press release on March 21st, in which it argued that the proposal was too “prescriptive” and that voluntary reporting was sufficient to meet investor demand.

US Bancorp communicated with policymakers in support of investment in fossil fuels

10 March 2022

An InfluenceMap Freedom of Information Request found emails from November 2021 between U.S. Bancorp and the West Virginia Treasurer that show evidence of U.S. Bancorp communicating its support for continued investments in fossil fuels.

US Chamber of Commerce opposed SEC's upcoming rule on Scope 3 emissions disclosure

18 February 2022

On February 17, the US Chamber held a webinar where it stated opposition to the SEC requiring Scope 3 emissions disclosures in its upcoming rule. This is happening in the midst of an ongoing debate amongst Democratic SEC Commissioners about the appropriate level of ambition for the rule.

US Chamber express concern over Federal Reserve Nomination

02 February 2022

In a letter to the Senate Banking Committee, the Chamber raised concerns about the Nomination of Sarah Bloom Raskin to the Federal Reserve on the basis of her opinions around integrating climate risk into policy

AFME oppose EU parliament amendments

17 January 2022

In a January 2022 press release, the Association for Financial Markets in Europe (AFME) opposed European Parliament amendments which would make reporting requirements under the EU Green Bond Standard mandatory for all green bonds issued in the EU

BusinessEurope seeking to weaken EU taxonomy

16 December 2021

In a tweet following the publication of the first delegated act under the EU’s taxonomy regulation, BusinessEurope appeared to call for a weakening of the taxonomy to include gas and nuclear power generation. They stated that “Investments in all zero- and low-carbon energy sources and solutions necessary for the transition must now be integrated into the #taxonomy”

BusinessEurope lobby the Commission to weaken disclosure requirements in the EU taxonomy

13 July 2021

Meeting minutes from May 2021, accessed through FOIs, reveal that BusinessEurope has been lobbying the European Commission to weaken corporate disclosure requirements under the taxonomy. In a meeting with DG FISMA, minutes show that BusinessEurope lobbied for weaker standards, raising concern about the “granularity and scope” of the obligations. In a separate meeting with Ursula von der Leyen’s office, BusinessEurope called for a delay to implementation and questioned the legal basis of aspects of the policy.

US Business lobbies the SEC over green investment rules

29 April 2021

A number of US companies and industry associations have met with SEC officials over the past month to discuss proposed action by the regulator on climate change disclosures.

Reports

Anti-ESG and the Fossil Fuel Sector

May 2023

This briefing highlights the involvement of the fossil fuel industry in the "anti-ESG" political movement in the US, from the movement's inception to the present.

The European Pensions Sector and Sustainable Finance Policy

September 2022

Research suggests that despite many pension funds’ leading efforts in climate stewardship of investment portfolio companies, European pension funds do not appear to be engaging proactively on emerging efforts by EU and UK policymakers to create sustainable and climate finance related policy.

The US Insurance Sector and Climate-Related Financial Regulation

May, 2022

Despite a growing consensus among financial regulators that climate change poses significant risks to the insurance sector, industry associations representing the largest US insurance companies have been actively engaged in efforts to weaken and delay emerging climate-related insurance regulation...

Finance and Climate Change

March, 2022

A comprehensive assessment of the world's 30 largest listed financial institutions shows a clear disconnect between the concrete short-term targets and actions needed to address the climate emergency and the limited, long-term targets currently being set by the financial sector. This research see...

The US Chamber of Commerce and Lobbying on Climate Change Disclosure Regulations

November, 2021

The industry group is at odds with investors and its finance sector members on emerging US disclosure requirements

CA100+ Target Companies and the EU Taxonomy

April, 2021

Despite the CA100+ initiative having clear expectations on Paris-aligned lobbying, only 2 of the 31 CA100+ target companies found to be engaging on the taxonomy appear to be supportive of its science-based guidance with 4 companies advocating mixed or unclear positions, leaving more than 80% push...

Gas & Power Companies Divided on the EU's Taxonomy

February 2021

European companies backing robust, science-based regulation on CO2 emissions under the EU Sustainable Finance Taxonomy are also performing better on stock markets when compared with their peers that are opposing the same policy, according to analysis of InfluenceMap's policy position scores and f...

The Battle for US Sustainable Finance Regulation

February, 2021

In the final year of the Trump Administration, authorities finalized three rules which have the effect of limiting the opportunities for ESG (Environmental, Social and Governance) investing.

Lobbying on the EU Taxonomy's Green Criteria

December, 2020

Intensive lobbying throughout 2020 from ‘real economy’ sectors has extracted significant concessions from the European Commission on its EU Sustainable Finance taxonomy.

Corporate Lobbying on the EU's Ecolabel

April 20th 2020

New analysis from InfluenceMap has tracked significant lobbying on the EU Ecolabel since late 2018, as part of a wider ongoing research process covering the EU’s Sustainable Finance Action Plan and how the corporate sector is influencing the process.

報告書 野心的なEUタクソノミーに反対する日本の産業界のロビー活動

InfluenceMap報告書

引用にはこちらのリンクを使用してください。

See this link for the English version.

How Japanese Industry Lobbied Against a Strong EU Taxonomy

April 2nd, 2020

The following briefing focuses on how Japanese industry associations lobbied the Taxonomy and considers how these lobbying positions contrast with those of some leading European financial institutions.

The EU's Sustainable Finance Taxonomy

December 2019

An analysis of how business has sought to influence this key EU policy