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ESG Dive: Republican finance officials from 18 states sent a letter to the acting leaders of the Securities and Exchange Commission and Department of Labor last week, urging the agencies to adopt regulations for asset managers and retirement plan sponsors that prohibit the use of environmental, social and governance factors or diversity, equity and inclusion goals.
Yahoo Finance: Alternative lending giant Goldman Sachs Asset Management is looking to raise as much as $3 billion for a new climate credit strategy, people with knowledge of the matter said.
ESG Dive: 2025 had an eventful start, with implications looming over the year to follow. Banks and financial institutions have fled climate alliances and several major corporations are scaling back diversity, equity and inclusion commitments.
Yahoo Finance: Top mutual fund manager Vanguard removed some of its guidance for U.S. companies to include women and minority directors, a sign of the shifting dynamics of corporate diversity efforts that have come under attack from the new Trump administration.
BNN Bloomberg: ESG fund managers are facing one of the toughest moments in the strategy’s history, as investment clients pull record amounts of money. Funds complying with the European Union’s strictest ESG standards suffered record outflows last quarter, according to fresh data from Morningstar Inc.
ESG Today: Manulife Financial’s global wealth and asset management business Manulife Investment Management announced that it has raised $480 million in commitments at the final close of its Manulife Forest Climate Fund LP, focused on investing in sustainably managed forests, with carbon as the primary value driver.
ESG Dive: Attorneys general from 10 states, led by Texas AG Ken Paxton, sent letters to six major U.S. financial institutions, warning that some of their diversity, equity and inclusion and environmental, social and governance commitments could lead to enforcement if found to violate state or federal law.
ESG Today: Investment giant BlackRock announced the launch of the BlackRock BFM Brown to Green Materials Fund for UK investors, a new fund aimed at targeting overlooked opportunities stemming from the transition to a low carbon economy in the materials sector.
ESG News: The International Auditing and Assurance Standards Board (IAASB) and the International Ethics Standards Board for Accountants (IESBA) have introduced integrated standards to strengthen sustainability reporting and assurance practices.
Yahoo News: Money flowing into global sustainable funds shrank by half in 2024 and in Europe closures of such funds outpaced new launches, as anti-ESG sentiment and subpar returns dulled the appeal of the investment strategy, Morningstar Sustainalytics said.
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