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ESG Newsletter

    Fed Blocks Tough Global Climate-Risk Rules for Wall Street Banks

    2024-04-03

    BNN Bloomberg: US regulators, led by the Federal Reserve, have thwarted a push to make climate risk a focus of global financial rules, according to people familiar with the matter.

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    Canadian Firms are Risking Investor Lawsuits Due to ESG Fraud

    2024-03-22

    Wealth Professional: While greenwashing is commonly called out by investors and consumers, a more sinister and potentially damaging trend is emerging, ESG fraud, and its scale is highlighted in a new report from KPMG in Canada.

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    US House Panel Subpoenas ESG Corporate Activist Group

    2024-03-22

    Yahoo Finance: A U.S. House of Representatives panel has subpoenaed the head of an activist group that pressures companies over environmental, social and corporate governance issues to appear for a March 28 deposition, according to a letter seen by Reuters.

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    Texas Schools Fund Pulls $8.5 Billion From BlackRock Over ESG Policies

    2024-03-20

    MSN: A Texas schools fund said it told BlackRock it would terminate a contract to manage around $8.5 billion of state money due to the energy investment policies of the world's largest asset manager.

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    Canada Releases Proposed IFRS-Based Sustainability Reporting Standards

    2024-03-14

    ESG Today: The Canadian Sustainability Standards Board (CSSB) announced the release of new proposed standards for companies to report sustainability and climate-related information, based on the recently released sustainability disclosure standards by the IFRS Foundation’s International Sustainability Standards Board (ISSB).

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    Canadian Banks Face ESG-Related Proposals at AGMs, But Little New on Climate

    2024-03-13

    BNN Bloomberg: Canadian banks face another round of shareholder proposals focused on environmental, social and governance issues at their annual meetings this year, but little new on climate.

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    Mirova Raises Over $200 Million from Corporate Investors for Nature Restoration Fund

    2024-03-13

    ESG Today: Natixis Investment Managers’ sustainable investing affiliate Mirova announced that it has raised more than €195 million (USD$213 million) for its corporate-backed Climate Fund for Nature, aimed at supporting high-quality projects dedicated to nature protection and restoration.

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    By the Numbers: How Much U.S. Investors Are Diverging From Global Peers on ESG

    2024-03-12

    Institutional Investor: For the past two years, ESG has fallen out of favor among U.S. allocators. The rest of the world? Not so much.

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    Canadian Securities Regulators Publish Updated Guidance On ESG-Related Investment Fund Disclosure

    2024-03-07

    Canadian Securities Administrators: The Canadian Securities Administrators (CSA) published updated guidance for investment funds on disclosure practices as they relate to environmental, social and governance (ESG) matters.

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    Green Groups Decry SEC’s Climate Disclosure Rule as Too Weak

    2024-03-07

    BNN Bloomberg: Another piece of the Biden administration’s sweeping policy response to climate change fell into place, when the US Securities and Exchange Commission voted to approve highly anticipated climate disclosure requirements for public companies.

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