PR Newswire: As corporate sustainability efforts and reporting become more complex and scrutinized, large US companies are adapting their communications.
Institutional Investor: A perfect storm of geopolitical challenges and an intensifying ESG backlash has led investors to pull a record amount from global sustainable funds in the first quarter.
Yahoo Finance: Private equity firms are scouring for investment opportunities in European defense, chasing the once shunned sector in an effort to benefit from a historic switch to military expansion in the region.
Yahoo Finance: Environmentalists protested at the Swiss National Bank's annual shareholder meeting, urging the central bank to divest from companies they say contribute to environmental devastation in regions like the Amazon rainforest and Cerrado savanna.
ESG News: Apollo-managed funds have committed up to $220 million in a joint venture with Bullrock Energy Ventures, targeting a significant expansion of community solar projects across New York and New England.
Portfolio Adviser: The Financial Conduct Authority (FCA) has unveiled plans to cut 70% of the legal text required by investment firms in an effort to “remove unnecessary burdens on firms”.
MSN: Markets regulator Sebi has tweaked the framework for ESG Rating Providers (ERPs), especially for those using a subscriber-pays model, requiring them to share ESG (Environmental, Social, and Governance) rating reports with both subscribers and the rated issuer simultaneously.
ESG Today: Canada’s securities regulators announced that they are pausing their work on the development on key sustainability reporting initiatives, including a new mandatory climate-related disclosure rule and amendments to diversity-related disclosure requirements.
Portfolio Adviser: Sustainable funds suffered their worst outflow on record in the first quarter as investors globally withdrew a record-breaking $8.6bn throughout the period, according to Morningstar Sustainalytics.
ESG Today: Goldman Sachs shareholders overwhelmingly rejected two anti-DEI proposals directing the company to consider eliminating its diversity, equity and inclusion-based compensation incentives for executives and to review legal and reputational risks stemming from the firm’s DEI policies, with each proposal receiving only 2% shareholder support at Goldman Sachs’ annual meeting.
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