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ESG Newsletter

    Allspring Adds Global Equity Fund To Climate Transition Suite

    2024-05-21

    Funds Europe: US-based Allspring Global Investments has expended its suite of climate transition funds with the addition of a global equity fund.

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    Majority of Lawyers Expect SEC’s Climate Disclosure Rule Will Not Survive Intact: Bloomberg Survey

    2024-05-21

    ESG Today: A significant majority of attorneys expect that the U.S. Securities and Exchange Commission’s (SEC) new climate-related disclosure rule will not survive its legal challenges in its current form, with most expecting the rule to only partially remain intact, or to be overturned entirely, according to a new survey by Bloomberg Law. 

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    Court Rejects Republican States' Challenge to SEC's ESG Proxy Voting Rule

    2024-05-10

    XM/Reuters: A federal appeals court dismissed a lawsuit by four Republican-led states that sought to block a US Securities and Exchange Commission rule requiring investment funds to categorize and disclose their proxy votes on issues including environmental, social and governance (ESG) matters.

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    38% of Companies Lack an ESG Strategy – GlobalData Survey

    2024-05-10

    Yahoo Finance: Well over a third (38%) of companies do not have an ESG strategy, and half (50%) of respondents believe that “for most companies, ESG is just a marketing exercise”, according to a new survey.

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    US Banks Face Climate Risk Data Challenges, Fed Analysis Shows

    2024-05-09

    XM/Reuters: U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said after its first analysis on the issue.

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    Hedge Fund Firms Plan Strategic Investment and Business Shifts in Response to Geopolitical, Economic Factors

    2024-05-08

    Business Wire: Insights from a survey of global hedge fund firms indicate geopolitical and economic factors may be behind a potentially significant shift in investment and business strategy.

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    Sustainable Funds Pull in $900 Million for First Quarter of 2024

    2024-05-07

    ESG Clarity: Sustainable funds attracted $900m (£718.6m) globally in net inflows in the first three months of 2024, following restated outflows of $88m in the last quarter of 2023, according to Morningstar’s Global Sustainable Fund Flows report.

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    US Probe Finds Widespread Sexual Misconduct at FDIC

    2024-05-07

    Yahoo Finance: The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released that raises questions about the future of the banking regulator's leadership.

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    Over Half of CEOs Say Sustainability a Higher Priority Now Than 12 Months Ago: EY Survey

    2024-05-07

    ESG Today: Sustainability and climate issues are moving back into focus for senior executives globally, with more than half of CEOs reporting that sustainability is a higher priority now than it was a year ago, and decarbonization found to be the top long-term strategic priority for CEOs, according to a new survey released by global professional services firm EY.

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    Oklahoma Adds Barclays to Anti-ESG List

    2024-05-06

    Yahoo Finance: Barclays is being added to the list of financial institutions restricted from contracts with the state of Oklahoma, the state’s treasurer, Todd Russ announced. 

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