ESG News: Sphera, the Chicago-based sustainability and operational risk management software firm, has secured a new round of growth capital from Neuberger Berman Capital Solutions, adding a second major institutional backer alongside Blackstone.
ESG Dive: Average shareholder support for environmental and social proposals has declined over the past four proxy seasons from a 2021 high of 33%, according to a proxy preview report released last year.
ESG Today: The U.S. Securities and Exchange Commission (SEC) may reconsider its rules allowing foreign companies to file financial statements using International Financial Reporting Standards (IFRS) accounting standards due to the IFRS Foundation’s formation and backing of the International Sustainability Standards Board (ISSB), according to a warning issued by SEC Chair Paul Atkins.
MSN/Reuters: Wall Street's top regulator criticized two recent European laws on companies' disclosures of their environmental, social and governance impacts, underscoring the shift in U.S. financial regulation since President Donald Trump took office.
Yahoo Finance: Vanguard, the world's second-largest asset manager, reported last week that it supported no environmental or social shareholder proposals at U.S. portfolio companies during the most recent proxy season.
ESG Today: Blackstone-backed sustainability and operational risk management software platform Sphera announced a “significant growth investment” from Neuberger Berman Capital Solutions (NBCS).
ESG News: Standard Chartered has appointed Roger Charles as Head of Sustainability Initiatives, Coverage, within its Corporate & Investment Banking team.
Yahoo Finance: A federal judge granted a preliminary injunction on Texas Senate Bill 2337, which targeted proxy advisory firms and restricted use of ESG factors, preventing implementation of the law that was set to take effect Sept. 1.
ESG Dive: The Democratic finance officials behind the Aug. 15 letter represent more than $3 trillion in pension fund assets, according to Lierman’s release and are organized under the group Americans for Responsible Growth.
ESG News: Morgan Stanley Investment Management’s 1GT climate private equity strategy has joined a $105 million Series C round for Overhaul Group, a global provider of in-transit cargo risk management solutions. The round was led by Springcoast Partners with support from Edison Partners.
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