.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo Finance: For the first time ever, ESG funds suffered net global outflows amid a major exodus by US investors from environmental, social and governance strategies.
ESG Today: HSBC announced the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years.
Yahoo Finance: Exxon Mobil Corp. filed a lawsuit against US and Dutch climate activist investors in an effort to remove what it describes as their “extreme agenda” from the ballot at its annual shareholder meetings.
BNN Bloomberg: Climate alliances backed by Wall Street heavyweights have struck upon a subtle way to blunt increasingly aggressive attacks by the GOP.
Yahoo Finance: The world’s best-performing ESG fund of 2023 was built by Ark Investment Management LLC and powered by a huge bet on crypto. The $2.4 billion Nikko AM Ark Positive Change Innovation Fund (ticker NIPCIPJ LX) returned 68% last year, more than double the gains delivered by the S&P 500.
Funds Europe: Political hostility to US ESG investing has dampened enthusiasm among American asset managers, while European counterparts maintain support for ESG-related shareholder proposals, according to Morningstar.
Yahoo Finance: Texas bars its public pensions from investing in 350 funds run by asset-management giants such as BlackRock Inc. and Invesco Ltd. because a key Republican state official says they “boycott” the oil and gas industries.
CBC: Canada's big five banks are potentially misleading investors with their use of terms like sustainable finance, according to a complaint to securities regulators by a climate advocacy group.
The Guardian: Chief among the campaigners celebrating the resignation of Claudine Gay as president of Harvard University was a man who arguably did the most to push Gay, Harvard’s first Black president, out the door: Bill Ackman, a billionaire hedge-fund manager and Harvard alumnus.
GreenBiz: In 2023, 21 out of 319 climate tech funding rounds in the U.S. went to female-founded companies, according to data from Pitchbook. That’s 6.6 percent of deals.
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