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ESG Newsletter

    'Summer of Heat on Wall Street' Climate Activists Target Citigroup in Lower Manhattan

    2024-06-10

    ABC: The first of four days of climate activists making their voices heard kicked off in Manhattan. The activists call the shutdowns "The Summer of Heat on Wall Street." They say it's a months-long campaign to hold protests to push Wall Street to stop funding oil, coal, and gas.

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    Crypto Platform Takes On Sustainability Challenges, Adds ESG-Friendly Launchpad

    2024-06-07

    Cointelegraph: It’s no secret that the crypto industry is facing an uphill battle on its journey to access the masses, and the lack of a relatable narrative stands as a major challenge to tackle.

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    EU Funds Face Fresh Pressure to Dump US Stocks Under New ESG Regulations

    2024-06-06

    BNN Bloomberg: The US stock market has emerged as the most exposed to divestment after the European Union unveiled new rules limiting how freely asset managers can attach ESG labels to their funds.

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    Nearly 96% of Board Directors Expect a Continued or Stronger Focus on ESG Despite Ongoing Backlash

    2024-06-04

    Business Wire: Nearly 96% of corporate boards expect a continued or stronger focus on ESG over the next five years, with diversity, equity and inclusion (DEI) and climate change topping the list of priorities, according to the new Sustainability in the Spotlight 2024 report from Diligent and Spencer Stuart

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    Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6 Billion

    2024-05-30

    ESG Today: Brookfield Asset Management announced today that it has entered into exclusive negotiations to acquire a majority stake in France-based global renewable energy developer at an equity value of €6.1 billion (USD$6.6 billion) from responsible investment company Impala.

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    Climate and Paris-Aligned Fund Launches Surge Amid Client Demand

    2024-05-24

    Funds Europe: Asset managers have been proactive in launching sustainability-focused products, with growth seen in climate change (+18%) and Paris-aligned (+11%) funds, according to data.

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    80% of Companies See Sustainability as a Potential Revenue, Profitability Driver: Morgan Stanley Survey

    2024-05-22

    ESG Today: The vast majority of companies view sustainability as a value creation opportunity, with more than three quarters anticipating potential benefits ranging from higher revenues and profitability to lower cost of capital, although many also expect increased sustainability-related costs and a need for significant investment, according to a new survey released by Morgan Stanley.

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    Allspring Adds Global Equity Fund To Climate Transition Suite

    2024-05-21

    Funds Europe: US-based Allspring Global Investments has expended its suite of climate transition funds with the addition of a global equity fund.

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    Majority of Lawyers Expect SEC’s Climate Disclosure Rule Will Not Survive Intact: Bloomberg Survey

    2024-05-21

    ESG Today: A significant majority of attorneys expect that the U.S. Securities and Exchange Commission’s (SEC) new climate-related disclosure rule will not survive its legal challenges in its current form, with most expecting the rule to only partially remain intact, or to be overturned entirely, according to a new survey by Bloomberg Law. 

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    Court Rejects Republican States' Challenge to SEC's ESG Proxy Voting Rule

    2024-05-10

    XM/Reuters: A federal appeals court dismissed a lawsuit by four Republican-led states that sought to block a US Securities and Exchange Commission rule requiring investment funds to categorize and disclose their proxy votes on issues including environmental, social and governance (ESG) matters.

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