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ESG Newsletter

    68% of Large U.S. Companies Now Have Dedicated Sustainability Reporting Budgets: EcoOnline Survey

    2024-08-19

    ESG Today: Over two thirds of large companies in the U.S. have put in place dedicated budgets for sustainability reporting, and nearly all plan to increase spending on sustainability and compliance reporting... according to a new survey by ESG and EHS solutions provider EcoOnline.

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    US Judge Blocks Missouri Rule Curbing Socially-Conscious Investing

    2024-08-16

    Investing.com: A federal judge in Missouri struck down the Republican-led state's rule limiting the ability of financial professionals to consider environmental, social, and corporate governance factors in giving investment advice.

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    Canadian ESG Investing Sees Record Growth and Diversification Amid Challenges, Morningstar Report

    2024-08-15

    ESG News: Canadian investors focused on sustainability now have more choices than ever. Despite a record outflow of C$2.1 billion in Q2 2024, largely due to a single institutional investor’s withdrawal from the BMO MSCI USA ESG Leaders ETF ESGY, the overall landscape for sustainable investing in Canada is expanding.

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    Texas Adds UK Lender NatWest to Energy 'Boycott' List Over Financing Restrictions

    2024-08-14

    Yahoo Finance: Texas has added Britain's NatWest to a list of firms that "boycott" energy companies, potentially restricting the bank's business with public agencies, the comptroller said.

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    BofA Snubbed by Louisiana’s GOP Treasurer in ESG Culture Wars

    2024-08-13

    BNN Bloomberg: Fresh off a win in Louisiana, Bank of America Corp. was dealt a blow by a Republican official in the state. Louisiana State Treasurer John Fleming said he wouldn’t recommend Bank of America’s application to become a state depository and fiscal agent for the state — his counsel will be considered by an ad hoc panel. 

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    Standard Chartered Rolls Out ESG-Linked Cash Accounts for Corporate Clients

    2024-08-13

    ESG Today: International banking group Standard Chartered announced the launch of a new ESG-linked cash account, enabling corporate clients to be rewarded, through the credit balance interest rate or fee pricing, for meeting material ESG-related targets.

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    Goldman Investment Arm Joins Firms Quitting Major Climate Club

    2024-08-13

    BNN Bloomberg: The asset management unit of Goldman Sachs Group Inc. has walked away from the world’s biggest climate alliance for investors, marking the latest in a string of similar defections amid continued Republican Party attacks on green finance.

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    U.S. SEC Defends its Authority for Climate Disclosure Rule in Court

    2024-08-09

    ESG News: The U.S. Securities and Exchange Commission (SEC) is staunchly defending its climate disclosure rule in court, asserting that the rule is vital for providing investors with critical information on climate-related risks. 

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    Wall Street Banks Score Win in Anti-ESG Louisiana Debt Spat

    2024-08-08

    BNN Bloomberg: The public finance desk at Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and other Wall Street banks just sidestepped a potential ESG fight in Louisiana. In a quick meeting that lasted less than 10 minutes, members of the state’s bond commission approved the firms as part of a group of managers that the state can hire on debt deals.

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    Financial Performance Main Motivator Behind ESG Strategies For First Time

    2024-08-07

    Yahoo Finance: Businesses believe the desire to improve financial performance should be the single most significant factor behind companies introducing environmental, social and governance (ESG) strategies for the first time, a new survey has found.

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