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ESG Newsletter

    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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    Wall Street Starts Calling Time on ESG Labels After Backlash

    2024-07-17

    Yahoo Finance: At Institutional Investor, keeper of Wall Street’s version of the Oscars for financial analysts, the winner in one category this year is — nobody. The red carpet is being formally rolled up for the three letters, ESG. The 57-year-old II has dropped the label, short for environmental, social and governance, from its annual analyst rankings.

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    BlackRock Hires Government Liaison as Texas Pushes Against ESG

    2024-07-15

    BNN Bloomberg: BlackRock Inc. is bolstering its government-relations staff with a new hire in Austin as the money manager fends off criticism from Texas Republicans.

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    BlackRock Launches Global Real Estate ESG ETF

    2024-07-04

    ESG News: BlackRock has introduced the iShares Global Real Estate Environmental Tilt UCITS ETF, a pioneering exchange-traded fund (ETF) designed to integrate environmental, social, and governance (ESG) principles into global real estate investments.

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