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Climate Change Hero

Climate Change Blog

The Sustainability Report Heard Round the World?

On March 9, 2018, UBS filed a Form 6-K with the SEC enclosing its EU-required corporate sustainability report. This filing marks a significant moment in the rapidly changing world of environmental, social, and governance (“ESG”) disclosures as it effectively declares climate and sustainability reporting to be material. As we have noted previously, increasing investor demands for information on ESG topics, including climate change, has rapidly blurred the line between financial and non-financial disclosures.

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  • 06
  • June
  • 2017

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President Trump Announces U.S. Exit From the Paris Agreement

President Trump announced on Thursday, June 1, 2017 that he will pull the U.S. out of the Paris Agreement. This decision is hugely controversial. Indeed, even Exxon Mobil and ConocoPhillips, the world’s two largest oil producers, opposed withdrawal. Moreover, nearly every country in the world (including North Korea) has signed onto the Agreement. By withdrawing, the U.S. has become one of only three countries to abstain from participation, joining ranks with Nicaragua and Syria.

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  • 27
  • October
  • 2015

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India Submits Climate Plan Ahead of UN Paris Summit

In anticipation of the United Nations Framework Convention on Climate Change (UNFCCC) Summit this December, India submitted a plan to reduce its GHG emissions just hours before the UN's deadline on October 8. Under the Lima Accord reached at last year's summit, which this blog reports on here, participating countries agreed to submit such climate plans -- also known as Intended Nationally Determined Contributions (INDCs) -- over the course of this year.

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