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ESG Newsletter

    Paul Tudor Jones, Hedge Fund Billionaire, Wants to Do Away with ‘ESG’

    2023-01-11

    CNBC: ESG has become one of the most polarizing topics for companies and across Wall Street. But billionaire hedge fund manager Paul Tudor Jones says that a lot of the pushback simply comes down to how it is framed by critics.

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    Wall Street's New ESG Money-Maker Promises Nature Conservation — With a Catch

    2023-01-11

    BNN Bloomberg: Big global banks are eying some of the world’s most fragile countries for a new experiment in financial engineering: debt relief in exchange for environmental protections.  

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    Most Canadian Large Caps Tie Executive Pay to ESG Metrics

    2023-01-10

    IR Magazine: The majority of large Canadian companies link ESG metrics to executive pay, although most lump ESG issues in with other areas rather than considering them on a stand-alone basis, according to new research from Canadian law firm Fasken.

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    Goldman Draws Over $1.6 Billion to Strictest ESG Fund Class

    2023-01-10

    BNN Bloomberg: The asset management unit of Goldman Sachs Group Inc. has drawn in over $1.6 billion in client cash for a fund registered under the European Union’s toughest ESG rules. 

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    A Look at the Latest Legal Issues Around ESG Investing by Pension Plans

    2023-01-05

    Mondaq: As the University Pension Plan increases its focus on climate change, its responsible investment policy considers environmental, social and governance factors as essential to sound long-term investing.

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    Vanguard Cites Shunned Founder Jack Bogle to Deflect Criticism After Epic ESG Flip-flop, Extoling the Founder's 'Whole Haystack' Investing Strategy Versus Finding the 'Needle'

    2023-01-03

    RIABiz: Vanguard Group's cold calculus to join an ESG group with BlackRock and State Street is now a hot mess after it flip-flopped, threw active management under the bus and perhaps jeopardized its relationships with “blue” states to appease “red” ones.

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    Republicans Ramp Up Anti-ESG Campaign for 2023

    2022-12-29

    BNN Bloomberg: More than a dozen Republican state attorneys general have blasted ESG financial practices, while Republicans in Congress plan to increase their scrutiny of what they call “woke capitalism.” 

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    U.S. Finance Faces ESG Backlash, More to Come in 2023

    2022-12-27

    Reuters: A movement by financial firms and activists to challenge companies over their efforts on climate change and social inequality faced organised and growing push-back in 2022, led by Republican U.S. politicians.

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    Governor DeSantis, Larry Fink, and the ESG Debate: How Climate Policy Could Avoid Culture Wars

    2022-12-27

    Forbes: Why have Republicans declared war on ESG? ESG, which stands for “Environmental, Social, and Governance,” is a set of standards that companies employ to pursue socially responsible, especially pro-climate, policies. Notably, many state-level Republicans take climate change seriously; their governments advocate for renewable energy and invest in climate adaptation.

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    From Crypto to ESG, These Are US Regulators’ Top Priorities in 2023

    2022-12-27

    Yahoo Finance: Crypto is squarely in the cross hairs of Washington regulators, with fresh calls for stricter controls before the industry can get big enough to affect the broader financial system.

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