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ESG Newsletter

    US Banks Face Climate Risk Data Challenges, Fed Analysis Shows

    2024-05-09

    XM/Reuters: U.S. banks face significant data and modeling challenges in predicting the impact of climate change on their loan books, the Federal Reserve said after its first analysis on the issue.

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    US Probe Finds Widespread Sexual Misconduct at FDIC

    2024-05-07

    Yahoo Finance: The Federal Deposit Insurance Corporation must make sweeping changes to address widespread sexual harassment and other misconduct, according to an independent report released that raises questions about the future of the banking regulator's leadership.

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    Over Half of CEOs Say Sustainability a Higher Priority Now Than 12 Months Ago: EY Survey

    2024-05-07

    ESG Today: Sustainability and climate issues are moving back into focus for senior executives globally, with more than half of CEOs reporting that sustainability is a higher priority now than it was a year ago, and decarbonization found to be the top long-term strategic priority for CEOs, according to a new survey released by global professional services firm EY.

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    Oklahoma Adds Barclays to Anti-ESG List

    2024-05-06

    Yahoo Finance: Barclays is being added to the list of financial institutions restricted from contracts with the state of Oklahoma, the state’s treasurer, Todd Russ announced. 

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    Barclays Is the Latest Firm to Face Anti-ESG Wrath in Oklahoma

    2024-05-03

    BNN Bloomberg: Oklahoma State Treasurer Todd Russ announced that Barclays Plc would be added to his list of companies that he claims have boycotted the fossil fuel industry — a gesture that aims to limit the governmental business the bank can conduct in the state.   

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    Republican-Led State Bans Four Major Banks in Blow to ESG Movement

    2024-05-03

    MSN: The State of West Virginia banned four major banks – Citigroup, TD Bank, HSBC and Northern Trust – from state contracts worth tens of billions due to their environmental policies.

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    Wells Fargo, RBC Bankers Met Texas AG Staff Regarding ESG Probe

    2024-05-01

    Yahoo Finance: The Texas Attorney General’s staff met with municipal finance executives from Wells Fargo & Co. and RBC Capital Markets as Ken Paxton’s probe into whether the Wall Street banks “boycott” the fossil fuels industry drags on.

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    Actively Managed Funds Hemorrhage Client Cash in ESG Upheaval

    2024-04-30

    BNN Bloomberg: A long-held truism of ESG is being challenged, namely the idea that the strategy is best-suited to active fund management.

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    Insurers Group Targeted by Anti-ESG Campaign Is Being Replaced

    2024-04-25

    BNN Bloomberg: What was once the world’s biggest climate alliance for insurers is now being discontinued, after a wave of attacks by the Republican-led anti-ESG movement. 

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    Record $8.8 Billion Pulled From US Sustainable Funds in Q1

    2024-04-25

    US News: European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said, with a record $8.8 billion in net withdrawals from the products in the U.S.

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