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ESG Newsletter

    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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    Nuveen Climate Fund Invests $20 Million in e-waste Circularity Solutions Provider Onepak

    2024-08-07

    ESG Today: Digital supply chain and reverse logistics provider Onepak announced that it has raised $20 million from the Private Equity Impact team at asset manager Nuveen, aimed at developing and scaling its platform for facilitating e-waste circularity.

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    US Acknowledges 68% of Corporate Leaders are Involved in Greenwashing Practices: ERM

    2024-08-05

    ESG News: A recent report by Environmental Resources Management (ERM) highlights a significant issue within the ESG rating market: greenwashing. According to the study, 68% of corporate leaders in the United States admit to engaging in greenwashing practices.

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    US Appeals Court Orders Judge to Reconsider Biden ESG Investing Rule

    2024-07-18

    U.S. News: A U.S. appeals court ordered a Texas judge to reconsider his decision upholding a Biden administration rule that allows socially conscious investing by employee retirement plans, in light of a major recent Supreme Court ruling.

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