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ESG Newsletter

    Deutsche Bank Executive Says ESG Backlash Is Losing Its Bite

    2024-08-15

    Yahoo Finance: The wave of anti-ESG sentiment that fueled a global retreat from the investing strategy is now showing signs of losing steam, according to an executive at the wealth management arm of Deutsche Bank AG.

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    Canadian ESG Investing Sees Record Growth and Diversification Amid Challenges, Morningstar Report

    2024-08-15

    ESG News: Canadian investors focused on sustainability now have more choices than ever. Despite a record outflow of C$2.1 billion in Q2 2024, largely due to a single institutional investor’s withdrawal from the BMO MSCI USA ESG Leaders ETF ESGY, the overall landscape for sustainable investing in Canada is expanding.

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    Texas Adds UK Lender NatWest to Energy 'Boycott' List Over Financing Restrictions

    2024-08-14

    Yahoo Finance: Texas has added Britain's NatWest to a list of firms that "boycott" energy companies, potentially restricting the bank's business with public agencies, the comptroller said.

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    BofA Snubbed by Louisiana’s GOP Treasurer in ESG Culture Wars

    2024-08-13

    BNN Bloomberg: Fresh off a win in Louisiana, Bank of America Corp. was dealt a blow by a Republican official in the state. Louisiana State Treasurer John Fleming said he wouldn’t recommend Bank of America’s application to become a state depository and fiscal agent for the state — his counsel will be considered by an ad hoc panel. 

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    Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients

    2024-08-13

    ESG Today: International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets.

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    Stewart Investors Launches Asia Pacific and Japan Sustainability Fund

    2024-08-13

    Portfolio Adviser: The fund is available as an EU-domiciled VCC in Europe. It aims to achieve long-term capital growth by investing in a portfolio of 30 to 60 companies in the Asia-Pacific region, including Japan, which are helping to bring about a more sustainable future.

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    Goldman Investment Arm Joins Firms Quitting Major Climate Club

    2024-08-13

    BNN Bloomberg: The asset management unit of Goldman Sachs Group Inc. has walked away from the world’s biggest climate alliance for investors, marking the latest in a string of similar defections amid continued Republican Party attacks on green finance.

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    U.S. SEC Defends its Authority for Climate Disclosure Rule in Court

    2024-08-09

    ESG News: The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors with critical information on climate-related risks. 

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    Fund Managers Must Bring in Cross-Function ESG Generalists to Boards, Expert Says

    2024-08-09

    Future CFO: According to an industry expert, Scott Lane, CEO and Founder of Speeki, a full-service ESG and sustainability reporting and management partner to large multinationals, fund managers and corporates must bring in cross-function ESG generalists to boards, rather than experts with a narrow expertise in sustainability or diversity.

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    Wall Street Banks Score Win in Anti-ESG Louisiana Debt Spat

    2024-08-08

    BNN Bloomberg: The public finance desk at Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and other Wall Street banks just sidestepped a potential ESG fight in Louisiana. In a quick meeting that lasted less than 10 minutes, members of the state’s bond commission approved the firms as part of a group of managers that the state can hire on debt deals.

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