ESG Dive: The nation’s new stance on the SDGs surfaced during remarks made by Edward Heartney, a minister-counselor at the U.S. mission to the UN, on a resolution to create an “International Day of Peaceful Coexistence.”
Yahoo Finance: The United States has withdrawn from a climate coalition that pledged billions of dollars to help certain developing countries transition from coal to clean energy sources. The move marks the latest walk back from a climate deal since Donald Trump returned to the White House.
ESG Dive: State Street Global Advisors has dropped a requirement for company board nomination slates to feature a certain percentage of women directors from its 2025 global proxy voting and engagement policy, per reports.
Yahoo Finance: As trans-Atlantic relations grow increasingly fraught, Europe’s ESG regulations are becoming yet another flashpoint that threatens to sour ties.
ESG Today: International banking group Standard Chartered announced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.
ESG Today: Alternative asset manager Blackstone announced that it has raised $5.6 billion for its energy transition-focused private equity fund, Blackstone Energy Transition Partners IV, closing the fund at its hard cap.
MSN: Wells Fargo is scrapping its goal of achieving net-zero emissions across its financed portfolio by 2050 as banks rethink their sustainable lending activities.
CFO Dive: Groups opposed to environmental, social and governance initiatives at U.S. companies have stepped up their activism early in the 2025 proxy season, submitting 20% of all shareholder proposals, a 5 percentage point increase compared with the same period last year, the Conference Board said.
Institutional Investor: Donald Trump’s re-election in November boosted anti-environmental, social, and governance efforts, prompting 11 Republican state attorneys general to sue BlackRock, State Street, and Vanguard in December for allegedly pushing ESG investment options at the expense of the energy industry.
ESG Dive: Investors and asset owners are increasingly asking asset managers to offer more detailed reports on ESG-related activities, according to a recent report from research firm Cerulli Associates.
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