.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
U.S. News: A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds more regional divergence on everything from fund flows to legal cases and market regulations.
ESG News: Japan Exchange Group (JPX) launched a beta version of the “JPX Sustainability Information Search Tool” for TSE-listed companies. The tool provides access to links on 38 ESG topics from Prime Market-listed company publications.
ESG Dive: Increased politicization of ESG risks and reporting drove the increase in anti-ESG proposals, according to ISS-Corporate’s report. Anti-ESG proposals made up approximately 11% of all requests in the year through June 2024, compared to approximately 2% of requests from July 2014 to June 2021.
ESG News: Canada’s federal government is exploring a $15 billion incentive to encourage domestic pension funds to invest in artificial intelligence (AI) data centers powered by green energy, according to the Globe and Mail.
Yahoo Finance: Parnassus, one of the largest asset managers to offer products tied to environmental, social or governance considerations, launched its first exchange-traded funds amid a difficult environment for the strategy.
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.
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