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ESG Newsletter

    SVB Exposes ‘Lazy’ ESG Funds as Hundreds Bet on Doomed Bank

    2023-03-14

    Yahoo Finance: After being caught on the wrong side of Vladimir Putin’s war in Ukraine and the Adani scandal, hundreds of ESG fund managers are now dealing with the sting of having misjudged Silicon Valley Bank.

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    SVB Failure Becomes Fodder for Anti-ESG Crowd in US Culture Wars

    2023-03-14

    BNN Bloomberg: The failure of Silicon Valley Bank has become the latest target for conservative politicians and news outlets in their mounting campaign against ESG.

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    US SIF Names Maria Lettini CEO

    2023-03-09

    Business Wire: The Forum for Sustainable and Responsible Investment announced the appointment of Maria Lettini as Chief Executive Officer. Lettini will begin her tenure on May 15, 2023, succeeding Lisa Woll.

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    BlackRock and Vanguard Lag on Votes for Lobbying Transparency

    2023-03-06

    ESG Clarity: Shareholders are voting for greater transparency on lobbying and political activity at the US companies they invest in, but fund giants Vanguard and BlackRock are holding back support.

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    How Trump Allies and Wealthy Donors Helped to Fuel the GOP Fight Against ESG Investing Platforms

    2023-03-03

    CNBC: A group of Republican state financial officers gathered last February at a Hyatt hotel in downtown New Orleans to take aim at one of the party’s corporate enemies: BlackRock CEO Larry Fink.

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    Former SEC Chairs Stress Need for Board, Workforce Diversity

    2023-03-01

    Bloomberg Law: Former Securities and Exchange Commission heads on Wednesday suggested how the regulator can encourage companies to improve diversity at the board level and throughout their business.

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    Senate Overturns Federal Rule on ESG Investments, Biden Vows to Veto

    2023-03-01

    CNBC: The Senate voted to overturn a Labor Department rule that permits fiduciary retirement fund managers to consider climate change, good corporate governance and other factors when making investments on behalf of pension plan participants.

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    GOP Lawmakers Vilify ESG Moves at BlackRock, Vanguard but Take Their Money Monetheless

    2023-02-22

    CNBC: Republican lawmakers who railed against “woke capitalism” in the 2022 midterm elections have taken tens of thousands of dollars in campaign donations from some of the same Wall Street money managers they have attacked for pushing what the GOP calls “far-left” positions on environmental, social and corporate governance issues.

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    Sustainability Matters: RBC's Key Themes for 2023

    2023-02-20

    Environmental Finance: January 2023 marks four years since RBC Capital Markets launched its Sustainable Finance Group. As the team reflects on the tremendous evolution across the sustainable finance market during this time, they review the key themes that could define progress in the year ahead.

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    ESG Activists Met the Moment at ExxonMobil, But Did They Succeed?

    2023-02-16

    Harvard Business School: The impact-investment hedge fund Engine No. 1 made a big splash in May 2021 when it managed to get three nominees elected to the ExxonMobil board of directors. It was an open effort to prod the oil giant toward renewable energy and test whether activist investing could make a difference.

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