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ESG Newsletter

    BlackRock Sued by Tennessee Over ‘Misleading’ ESG Strategy

    2023-12-18

    BNN Bloomberg: Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.

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    FCA Urged To Introduce Mandatory Ethnicity Pay Gap Reporting

    2023-12-18

    ESG Clarity: Major UK investors have written to the Financial Conduct Authority (FCA) to urge the regulator to act on racial equality by introducing mandatory ethnicity pay gap reporting for financial institutions.

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    Newly Filed Bitcoin ETF Application Targets ESG Investors With Carbon Credits

    2023-12-18

    Yahoo Finance: The asset manager 7RCC filed an application with the Securities and Exchange Commission for a new kind of Bitcoin ETF that would provide investors exposure to the popular cryptocurrency alongside carbon credits.

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    Basic Environmental and Social Risks Remain in Central Banks and Supervisors

    2023-12-18

    ESG Clarity: New findings from the WWF Sustainable Financial Regulations and Central Bank Activities (SUSREG) Tracker show that although some central banks and financial supervisors are attempting to “green” their financial regulation and supervision, significant gaps remain.

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    BlackRock, State Street Subpoenaed in House ESG Probe

    2023-12-15

    BNN Bloomberg: House Judiciary Chairman Jim Jordan has subpoenaed BlackRock Inc. and State Street Corp. for documents related to the committee’s inquiry into whether their efforts to combat climate change violate US antitrust law, according to a person familiar with the matter.

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    BNP Paribas Launches Climate Debt Fund

    2023-12-15

    ESG Clarity: BNP Paribas has launched the BNP Paribas Climate Impact Infrastructure Debt, an SFDR Article 9 fund that invests in energy transition projects across Europe.

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    BlackRock, TPG Deal With UAE Finds New Way to Juice ESG Returns

    2023-12-15

    BNN Bloomberg: The United Arab Emirates has agreed to retain a smaller portion of the profits generated by a $30 billion venture involving BlackRock Inc., TPG Inc. and Brookfield Asset Management Ltd., in an effort to lure more private money into climate finance deals.

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    Goldman Sachs Closes Climate ETF as Investors Flee ESG

    2023-12-14

    Yahoo Finance: Goldman Sachs, the ETF issuer with $30.6 billion in 41 ETFs, is shuttering a $7.64 million climate equity exchange-traded fund two years after its launch as ESG funds come under regulatory scrutiny and face conservative political backlash.

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    US Regulator Probes Banks' Climate Risk Planning

    2023-12-14

    US News: The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street's accounting for such threats, people familiar with the matter said.

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    UK Watchdog Urges ESG Raters to Adhere to New Code Ahead of Possible Rules

    2023-12-14

    MarketScreener: he code of conduct was drawn up by the International Capital Market Association, a fixed-income trade body, and think-tank International Regulatory Strategy Group, following a request from Financial Conduct Authority (FCA) last year.

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