
U.S. News: U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency.
Yahoo Finance: Amid the banking turmoil that’s sent global capital markets into a tailspin and raised the prospect of a full-blown recession in the US economy, true believers in the bull case for emerging markets are digging in.
Nasdaq: With many economists predicting an economic downturn, investors may wonder how ESG investments will perform in a major recession. To find the answer, Portfolio Adviser asked a cross-section of industry commentators for their views. According to Max Richardson, senior director, of wealth planning at Investec Wealth & Investment, research on ESG performance during recessions is limited, but available studies suggest mixed results.
Axios: This year’s chairman’s letter from BlackRock CEO Larry Fink, published, gives less emphasis to climate risk and environmental, social and governance (ESG) investments than past letters — but doesn't play down the substance.
ESG Clarity: Hazel Ilango, a Singapore-based energy finance analyst for debt markets at the IEEFA, carried out an analysis of more than 700 companies who received credit ratings from the big three credit rating agencies – Fitch Ratings, Moody’s Investors and S&P Global Ratings.
Yahoo News: For ESG fund managers, the “environmental” part of the formula often attracts the most attention in marketing pitches. But the two-year rally in oil and gas stocks has become too much for even “do-good” investors to leave out of their portfolios.
Portfolio Adviser: Research on the performance of companies that manage ESG risks during recessions is limited, but the available studies suggest mixed results.
Yahoo Finance: After being caught on the wrong side of Vladimir Putin’s war in Ukraine and the Adani scandal, hundreds of ESG fund managers are now dealing with the sting of having misjudged Silicon Valley Bank.
BNN Bloomberg: The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.
Business Wire: The Forum for Sustainable and Responsible Investment announced the appointment of Maria Lettini as Chief Executive Officer. Lettini will begin her tenure on May 15, 2023, succeeding Lisa Woll.
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