Yahoo Finance: It’s unlikely that the return of Donald Trump to the White House will undermine the case for ESG investing, according to UBS Group AG’s global wealth management arm.
Yahoo Finance: A new "anti-woke" ETF is set to launch in the first quarter of the new year, according to an unveiling from startup asset manager Azoria Partners. The fund will invest in the S&P 500, but will specifically exclude companies that "use racial or gender quotas in hiring, promotions, or pay decisions."
CFO Dive: The Securities and Exchange Commission, led by its Division of Corporation Finance, is considering recommending a rule requiring publicly traded companies to disclose more about the diversity of members and nominees to their boards.
Yahoo Finance/Reuters: BlackRock, Vanguard and State Street have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that reduced coal production and boosted energy prices.
ESG Today: Sustainability-focused investment manager Mirova and BNP Paribas Asset Management (BNPP AM) announced that they have acquired a majority stake in French renewable energy developer Arkolia, with an investment by the asset managers of more than €200 million aimed at funding the companies’ growth.
Funds Europe: The Black Lives Matter movement sparked a positive change four years ago and had a huge influence on Financial Services businesses’ commitment to race equality in the workplace.
Yahoo News: President-elect Donald Trump's pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate change's "distant" threat, according to a report he penned as CEO of oilfield services company Liberty Energy.
ESG Today: The IFRS Foundation announced today the publication of a new guide aimed at helping companies to identify and disclose material information about sustainability-related risks and opportunities that could have an impact on their short- or long-term cash flows, access to finance or cost of capital, and to assess materiality.
BNN Bloomberg: When Donald Trump first won the White House in 2016, his victory created one of the all-time best sales pitches for green-minded investment funds: If Washington wasn’t going to push for a transition to cleaner energy to slow climate change, maybe capital markets could.
ESG Today: The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations.
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