Yahoo Finance: Amid the banking turmoil that’s sent global capital markets into a tailspin and raised the prospect of a full-blown recession in the US economy, true believers in the bull case for emerging markets are digging in.
Axios: This year’s chairman’s letter from BlackRock CEO Larry Fink, published, gives less emphasis to climate risk and environmental, social and governance (ESG) investments than past letters — but doesn't play down the substance.
Yahoo Finance: After being caught on the wrong side of Vladimir Putin’s war in Ukraine and the Adani scandal, hundreds of ESG fund managers are now dealing with the sting of having misjudged Silicon Valley Bank.
BNN Bloomberg: The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.
Business Wire: The Forum for Sustainable and Responsible Investment announced the appointment of Maria Lettini as Chief Executive Officer. Lettini will begin her tenure on May 15, 2023, succeeding Lisa Woll.
ESG Clarity: Shareholders are voting for greater transparency on lobbying and political activity at the US companies they invest in, but fund giants Vanguard and BlackRock are holding back support.
CNBC: A group of Republican state financial officers gathered last February at a Hyatt hotel in downtown New Orleans to take aim at one of the party’s corporate enemies: BlackRock CEO Larry Fink.
Bloomberg Law: Former Securities and Exchange Commission heads on Wednesday suggested how the regulator can encourage companies to improve diversity at the board level and throughout their business.
CNBC: The Senate voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider climate change, good corporate governance and other factors when making investments on behalf of pension plan participants.
CNBC: Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP calls “far-left” positions on environmental, social and corporate governance issues.