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ESG Newsletter

      Big Wall Street Funds Cling Onto Emerging Markets in Bank Crisis

      2023-03-20

      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.

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      BlackRock CEO "Walks Tightrope" on Climate Risk Investing

      2023-03-16

      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.

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      SVB Exposes ‘Lazy’ ESG Funds as Hundreds Bet on Doomed Bank

      2023-03-14

      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.

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      SVB Failure Becomes Fodder for Anti-ESG Crowd in US Culture Wars

      2023-03-14

      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.

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      US SIF Names Maria Lettini CEO

      2023-03-09

      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.

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      BlackRock and Vanguard Lag on Votes for Lobbying Transparency

      2023-03-06

      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.

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      How Trump Allies and Wealthy Donors Helped to Fuel the GOP Fight Against ESG Investing Platforms

      2023-03-03

      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.

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      Former SEC Chairs Stress Need for Board, Workforce Diversity

      2023-03-01

      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.

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      Senate Overturns Federal Rule on ESG Investments, Biden Vows to Veto

      2023-03-01

      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.

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      GOP Lawmakers Vilify ESG Moves at BlackRock, Vanguard but Take Their Money Monetheless

      2023-02-22

      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.

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