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Yahoo Finance/Reuters: Support for shareholder resolutions pressing U.S. companies for environmental and social reforms fell to 16% on average for the 12 months ended June 30, half the rate of three years ago, data from Morningstar shows.
Funds Europe: ESG investing appears to have hit a major roadblock. Donald Trump’s return to the White House has set off a fierce backlash against the use of environmental, social and governance (ESG) principles in investment.
Funds Europe: Private markets investment firm Hamilton Lane has launched the “first” Asia-focused private markets evergreen fund offering institutional investors a gateway into the region’s private equity market.
ESG News: Regional perceptions are evolving. North American and European companies showed the largest increase in viewing sustainability as a value driver—up 9 and 10 points respectively. Meanwhile, APAC companies reported a shift toward risk management.
ESG Dive: Rep. Rick Allen, R-Ga., first introduced the bill in April, and the committee said in a June 25 press release after its passage that the legislation “seeks to ensure financial institutions are focused on maximizing returns in retirement plans rather than on woke ESG factors.”
The Guardian: Pension funds and institutional investors made a “huge mistake” and exaggerated their role in environmental, social and government (ESG) issues to promote their products, the outgoing chair of Aberdeen Group, Douglas Flint, has said.
OneStop ESG: Greenbelt Capital Partners, a private equity firm based in Austin, Texas, has just sealed a massive $1 billion for its first-ever fund, Greenbelt Capital Partners III, hitting its hard cap and blowing past its original $750 million goal.
ESG Dive: U.S. policy has changed swiftly on climate, energy and ESG issues since Trump took office. The administration has prioritized fossil fuel production and infrastructure expansion while scaling back Environmental Protection Agency oversight and reducing federal support for renewable energy, among other shifts, the report noted.
ESG Today: Morgan Stanley Investment Management (MSIM) announced that it has invested $30 million in energy sector-focused methane management solutions provider Insight M, leading a growth equity funding round in the company.
ESG News: Italian energy giant Eni has sold a 20% stake in its retail and renewables arm, Plenitude, to U.S. alternative investment firm Ares Management Corp. for approximately €2 billion ($2.3 billion).
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