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ESG Newsletter

    BDC Unveils $150m Sustainability-Focused Tech Fund

    2023-04-24

    FinTech Global: The BDC offers financing, advisory services and capital to small and medium-sized businesses in Canada. The Bank said that the new fund comes as Canadian sustainability-focused startups tend to be underfunded relative to their international peers.

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    These Anti-ESG Republicans Are Longtime Supporters of Green Power

    2023-04-20

    Financial Post: Some key Republican senators who’ve slammed Wall Street’s efforts to tackle climate change are themselves big supporters of green energy. The list includes Iowa’s Chuck Grassley, Mike Crapo of Idaho and Mitt Romney from Utah. 

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    US ESG Bond Market Chokes on Republican Backlash, Investor Angst

    2023-04-18

    Yahoo Finance: US sales of bonds designed to help companies do good are plunging amid pressure from investors and Republican politicians. Companies sold about $6 billion of bonds last quarter to pay for projects that help the environment, achieve a social goal, or improve their governance, a type of debt known as ESG.

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    Wall Street’s Biggest Banks Failing Key ESG Test in Fresh Study

    2023-04-12

    BNN Bloomberg: An analysis by Ceres and the Transition Pathways Initiative has found that JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc., Goldman Sachs Group Inc., Morgan Stanley and Wells Fargo & Co. have yet to align their oil and gas financing goals for 2030 with a scenario that keeps global warming within the critical threshold of 1.5C.

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    ESG Headwinds: Embraced In Europe, Under Fire In America

    2023-04-11

    Forbes: Environmental, social and governance (ESG) investment strategies suffered a black eye this past year due to skyrocketing fossil fuel share prices that put a damper on ESG fund returns combined with increased politicization in the U.S.

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    Why ESG in America May Face a Rough Road Ahead

    2023-03-30

    BNN Bloomberg: If BlackRock Inc.’s largest ESG-labeled exchange-traded fund is a bellwether for the sustainable investing industry, it’s fair to say the US sector may be in for a bumpy ride.

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    ESG Reporting Expectations on Suppliers Growing: BDC

    2023-03-30

    BNN Bloomberg: A new report finds that small and medium suppliers face growing expectations from their larger customers to report on environmental, social and governance (ESG) standards.

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    Texas Adds HSBC to Energy-Boycotters Blacklist in ESG Crackdown

    2023-03-20

    BNN Bloomberg: Texas added HSBC Holdings Plc to its list of financial firms that “boycott” the fossil-fuel industry, potentially limiting what business the bank can conduct with the nation’s second-most-populous state. 

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    Big Wall Street Funds Cling Onto Emerging Markets in Bank Crisis

    2023-03-20

    Yahoo Finance: Amid the banking turmoil that’s sent global capital markets into a tailspin and raised the prospect of a full-blown recession in the US economy, true believers in the bull case for emerging markets are digging in.

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    BlackRock CEO "Walks Tightrope" on Climate Risk Investing

    2023-03-16

    Axios: This year’s chairman’s letter from BlackRock CEO Larry Fink, published, gives less emphasis to climate risk and environmental, social and governance (ESG) investments than past letters — but doesn't play down the substance.

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