March 31, 2021

efforts

Share of black employees in senior US finance roles falls despite diversity efforts

Black employees held a lower share of top US financial services jobs in 2018 than they did more than a decade earlier, according to new research by the Financial Times, underlining the shortcomings of Wall Street’s long-running efforts to improve racial diversity.

The FT analysed the most recently available anonymised data on the demographics of 3.6m staff across 13,000 financial services employers in the US from 2007 to 2018. All companies with more than 100 staff were required to submit the information to the Equal Employment Opportunity Commission from 2007. 

Black staff account for 13 per cent of all finance

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Natural Gas Battles Local Climate Efforts : NPR

Tyler Hollon, who works for a construction company in Utah, says eliminating natural gas from apartment buildings can reduce costs. Hollon’s company now shares its designs and budgets with other builders. “The reason we’re giving it away is to clean up the air,” Hollon says. “We want everybody to do it. It’s everybody’s air that we’re all breathing. Makes my mountain bike ride that much easier.”

Kim Raff for NPR


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Kim Raff for NPR

Facing the rising threat of wildfire and extreme drought, Flagstaff, Ariz., unveiled an ambitious effort two years ago to cut the heat-trapping

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Bank of America matches efforts by Morgan Stanley, JPMorgan Chase with net-zero financing goal

Bank of America joined select other big banks who’ve pledged to achieve net-zero greenhouse gas emissions through its financing before 2050.

Some environmental-minded and risk-averse shareholders are increasingly concerned about the systemic impacts of climate change to the economy, including that major banks continue to finance growth in fossil-fuel projects.

Last summer, Bank of America
BAC,
+1.49%
joined the Partnership for Carbon Accounting Financials (PCAF). In collaboration with 15 other financial institutions, Bank of America participated in the development of the Global GHG Accounting and Reporting Standard for the Financial Industry, which is intended to provide a consistent methodology to

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