Climate Week NYC was a historic and impactful week for climate action, and Ceres was there every step of the way.
At the opening ceremony, California Gov. Gavin Newsom confirmed his intention to sign landmark legislation that will provide unprecedented insight into corporate climate emissions and climate-related financial risks. And at our
well-attended press conference on the passage of the bills(photo at right), the California state senators, Scott Wiener and Henry Stern, noted the formidable leadership by the Ceres team of the two climate risk disclosure bills—leadership that assured success when the pushback was growing strong.
The week also provided us a chance to connect with White House leaders like Ali Zaidi and John Podesta, and corporate and investor members, on how we can work together to accelerate implementation of the Inflation Reduction Act and realize greater emissions reductions in states across the country.
Ceres' Return on Investment event
Treasury Secretary Janet Yellen’s Call for
Climate Transition Plans
We stood with Treasury Secretary Janet Yellen as she made a major announcement on a number of new initiatives and heard her call for investors and companies to issue climate transition plans.
For the last year we have been meeting with Treasury staff as they were developing this important net zero finance principles guidance. Ceres also organized the closed-door consultation meeting with NGOs before the announcement.
We also welcomed the release of the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations
for nature-related risk management and disclosure at the New York Stock Exchange (photo at right). During the standing room-only event, Ceres was announced as the principle supporter of the U.S. Consultative Group for the TNFD.
We welcomed the announcement from the 25 U.S. governors in the U.S. Climate Alliance at Climate Week that they have pledged to work together to advance strategies that decarbonize buildings, a leading cause of climate and air pollution, and released a letter of support signed by more than a dozen leading businesses.
Meanwhile, there was breaking regulatory news—Steven Rothstein testified on Capitol Hill about procurement and the SEC's Investment Company Name rule was adopted. In addition, the Department of Labor’s rule was upheld by the Northern District of Texas court, a rule that Ceres and our partners have advocated for.
Overall, Climate Week NYC brought much-needed momentum to the fight against climate change, and Ceres was at the forefront. Our work together is having a deeply-rooted impact, noted in-person last week by legislators, by White House leaders, and by the U.S. Treasury Secretary, and we have all had a hand in getting here.