CIO: ESG has become controversial as an investing thesis, with critics—mainly politicians in red states—arguing that only standard financial data, meaning earnings and revenue, should be employed when making investment decisions.
ESG Clarity: The private equity market in the US largely believes Security Exchange Commission rules on ESG are positive for the sector, according to a PwC survey.
BNN Bloomberg: Financial firms in Quebec, including its largest bank, have set a goal of raising as much as C$1 billion ($735 million) for a new ESG fund.
Financial Post: A United Nations-convened climate alliance for insurers suffered at least three more departures including the group’s chair, as insurance companies take fright in the face of opposition from U.S. Republican politicians.
BNN Bloomberg: A lot has changed in the five years since Verizon Communications Inc. started selling green bonds. Today investors pore through the fine print, says Scott Krohn, treasurer of the US’s largest mobile carrier.
US News: As environmental, social and governance, or ESG, factors have become more prominent in investing, there has been a growing need to evaluate companies and investments based on their ESG compliance.
US News: U.S.-based bankers and money managers whose job titles include "ESG" or "sustainability" earn on average around 20% higher base salaries than colleagues of the same seniority without those labels, according to analysis of salary data shared with Reuters.
Nasdaq: A group of Republican-led U.S. states has asked a federal judge in Texas to strike down a Biden administration rule allowing socially conscious investing by retirement plans, saying it will imperil Americans' retirement savings.
US News: Florida governor Ron DeSantis signed into law on Tuesday a bill barring state officials from investing public money to promote environmental, social and governance goals, and prohibiting ESG bond sales.
US News: Top U.S. bank investors gave only slim support on Tuesday to shareholder resolutions calling for the lenders to wind down new fossil fuel financing, setbacks for climate activists who had hoped for new constraints on the oil and gas industries.
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