CREFC Recasts HYDRA Forum to More Accurately Reflect Market Shifts and Developments: Sign-up Now.
CREFC's High Yield, Lending & Investing Conference - Click here to register.
Registration is Now Open
CREFC has everything you need to grow your career and stay current with the industry.
March 27, 2023
Last week, President Biden issued the first veto of his Presidency. The veto blocks a repeal of a Department of Labor rule that allows, but doesn’t require, ERISA retirement fund managers to consider environmental, social, and governance (ESG) factors when investing.
How did we get here?
Why this matters:
The Big Picture: The veto by President Biden and the attempted override of the veto by House Republicans highlights the divisions between the two sides on ESG.
Contact Chelsea Neil at email@example.com with questions about this story.
March 27, 2023
Spreads Continue to Widen as Issuance Remains Quiet
Please contact Raj Aidasani (firstname.lastname@example.org) with questions.
On March 20, the United Nation’s Intergovernmental Panel on Climate Change (IPCC) released its sixth and final report. U.N. Secretary-General António Guterres said that “the climate time-bomb is ticking” and, as reported by Axios, urged industrialized countries to move up their net zero emissions targets from 2050 to "as close as possible to 2040."
Why it matters: The report states that little time is left to counter the effects of climate change: “There is a rapidly closing window of opportunity to secure a liveable and sustainable future for all.”
The report also notes the limits of adaptation, emphasizing the need for immediate greenhouse gas emissions reduction:
“Adaptation options that are feasible and effective today will become constrained and less effective with increasing global warming. With increasing global warming, losses and damages will increase and additional human and natural systems will reach adaptation limits.”
The role of finance: The IPCC highlights the role that the finance and tech sectors need to play in promoting both adaptation and mitigation measures. However, it also seems to indirectly acknowledge some of the politics that are throwing up barriers to climate investment. (CREFC has reported on the anti-ESG movement in the U.S. in previous Policy and Capital Markets Briefings.)
“Finance, technology and
international cooperation are critical enablers for accelerated climate action.
If climate goals are to be achieved, both adaptation and mitigation financing
would need to increase many-fold. There is sufficient global capital to close
the global investment gaps but there are barriers to redirect capital to
The intrigue: As
reported by Axios
later in the week, the crafting of the report’s Summary, which is
critically important for policymakers and painstakingly reviewed by all
participants, highlighted the many differences that IPCC members needed to
resolve. For example, Saudi Arabia, China and India tried several times to
downplay references to fossil fuels as the main cause of global warming.
Additionally, as the
negotiations continued beyond the expected end date, many developing country
representatives had to return home. According to Axios, no representatives from
Africa and South America were in the room when the report was finally approved.
Sign up for CREFC's Women's Network.
The mission of the Young Professionals (YP) Network is to provide a platform for junior CRE finance professionals to foster meaningful business relationships and gain relevant industry knowledge through networking events, seminars and panels.
YP programming events are developed by YPs – so the content is current and applicable in their daily work. Each YP educational event includes a networking aspect to build and foster industry relationships with both peers and seasoned industry leaders. YPs are surveyed by region for ideas for future programming to ensure educational and industry needs are met.
Additionally, there are networking only events held in a more relaxed atmosphere where YPs can mingle among their peers.
There is a discounted rate to conferences and seminars for those CREFC Members 30 years of age or younger. To sign up for the 30 and Under Program Rate join the network and ensure that you check off the box “I would like to sign up to receive the “30 and Under Program Rate”. You will be required to submit photo ID to be approved for the discounted program rate.
Sign up today
Take your career to the next level with our programming, mentoring, career planning, and continuing education.
The affairs of CRE Finance Council are managed by a Board of Governors, selected from the general membership, which meets at least two times a year. During the periods the Board is not convened, the Executive Committee has full authority to transact all CRE Finance Council business. The Executive Committee is made up of the chairman, chairman-elect, vice president, secretary, treasurer, membership chair, administrative executive, as well as four additional Executive Committee members. View the CREFC By-Laws.
Our members shape the commercial real estate finance industry with our advocacy initiatives. Through a collaborative process with our members, CREFC develops official policy positions that are presented as needed to legislators and regulators. These policies are developed through participation in our forums. CREFC also maintains fact sheets in online and PDF format on all major CRE issues and informs members weekly of the latest regulatory developments. To make a difference in the direction of our industry, sign up for a forum and participate in our advocacy efforts below. Contact Justin Ailes with any CREFC policy or advocacy questions.
Sign Up for Forum
Read the latest issue of CREFC's weekly Policy and Capital Markets Briefing
CREFC’s Policy Tracker includes a variety of visual aids and updates to help members understand, track, and analyze key policy issues affecting the CRE and multifamily finance industry.
CREFC’s Sustainability Initiative seeks to align the objectives of our members and the CRE finance industry with the opportunities and challenges of environmental, social and corporate sustainability.
For our weekly government relations and industry policy briefings, please visit our Document Resource Center. The Document Resource Center contains CREFC position papers, analyses, testimony, and other policy tools.
Read CREFC's thought leadership paper: Multifamily Housing Affordability in the Age of COVID and Beyond
Don't miss a beat! Remain informed on all things CRE and beyond by checking out CREFC's Archive Page. The archive houses legislative and political resources, developed and curated by CREFC's Government Relations team, needed to thrive in today's market.
CREFC offers industry participants an unparalleled ability to connect, participate, advocate and learn!