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Omaha, Nebraska

Berkshire Hathaway goes green: Investors in Berkshire Hathaway caught a glimpse of what the US conglomerate will look like in the post-Warren Buffett era, says Katherine Chiglinsky on Bloomberg. Greg Abel, Buffett’s “successor-in-chief”, was tasked with giving a “breakdown of the firm’s sustainability endeavours” in Berkshire’s annual report. Buffett, 91, had navigated “mounting pressure on environmental issues” for years by always pointing back to Berkshire’s operating model, which places responsibility on such issues with each company it holds. Abel outlined how the BNSF Railway, one of the largest freight networks in North America, and Berkshire Hathaway Energy, are setting environmental goals – they account for 90% of Berkshire’s direct emissions.

Buffett, too, touched on sustainability in his own letter. The “Sage of Omaha” also noted that ultra-low interest rates had pushed up the prices of investments too far for comfort, says Lauren Silva Laughlin on Breakingviews. With $144bn