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ESG Newsletter

    BlackRock Sued by Tennessee Over ‘Misleading’ ESG Strategy

    2023-12-18

    BNN Bloomberg: Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.

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    Newly Filed Bitcoin ETF Application Targets ESG Investors With Carbon Credits

    2023-12-18

    Yahoo Finance: The asset manager 7RCC filed an application with the Securities and Exchange Commission for a new kind of Bitcoin ETF that would provide investors exposure to the popular cryptocurrency alongside carbon credits.

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    BlackRock, State Street Subpoenaed in House ESG Probe

    2023-12-15

    BNN Bloomberg: House Judiciary Chairman Jim Jordan has subpoenaed BlackRock Inc. and State Street Corp. for documents related to the committee’s inquiry into whether their efforts to combat climate change violate US antitrust law, according to a person familiar with the matter.

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    US Regulator Probes Banks' Climate Risk Planning

    2023-12-14

    US News: The U.S. Treasury Department's Office of the Comptroller of the Currency (OCC) carried out its first climate risk assessment of more than two dozen banks in recent months, laying the groundwork for heightened scrutiny of Wall Street's accounting for such threats, people familiar with the matter said.

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    House Panel Subpoenas Vanguard, Arjuna In ESG ‘Collusion’ Probe

    2023-12-11

    CNBC: A House panel subpoenaed The Vanguard Group and Arjuna Capital, the latest step in its yearlong investigation into whether investment funds’ environmental, social and governance policies violate antitrust laws. 

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    Global ESG Market Shrinks After Sizable Drop in US

    2023-11-28

    BNN Bloomberg: A decline in the US has resulted in an overall slide in the global market for ESG investing. That’s according to the latest assessment by the Global Sustainable Investment Alliance (GSIA), which provides updates on the size of the market every two years.

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    Dimensional Launches New Sustainability-Focused Investment Fund

    2023-11-27

    Funds Europe: Dimensional has announced the introduction of the Global Sustainability Targeted Value Fund, focusing on small and mid-cap value stocks in developed markets.

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    Canadian Companies Not Ready For New ESG Standards And Reporting Regulations

    2023-11-22

    Yahoo Finance: Sustainability reporting pressures on Canadian companies are becoming even more demanding and complex, with the new Corporate Sustainability Reporting Directive (CSRD) mandate for companies both inside and outside the European Union (EU), to report on sustainability and environmental, social and governance (ESG) issues.

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    North American Companies at Greatest Risk of Violating UN Environmental Standards, New Research Finds

    2023-11-21

    PR Newswire: ESG Book, a global leader in sustainability data and technology, released new research showing that companies in the United States and Canada are three times more likely to risk violating United Nations environmental standards compared to other regions worldwide.

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    Canadian SMBs Most Likely To Struggle With Understanding ESG Reporting Standards

    2023-11-16

    GlobeNewswire: Canadian SMBs are grappling to keep up with the jargon and technical expertise of sustainability reporting and standards, according to Sage, the leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs).

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