Yahoo News: Bridgewater Associates LP, the world’s biggest hedge fund manager, is taking a swing at the issue of climate-conscious investing.
BNN Bloomberg: The JPMorgan Chase & Co. investor behind a push for the firm to conduct a racial equity audit criticized the resulting report released last month as containing “several deficiencies.”
ESG News: General Atlantic, a leading global growth equity firm, announced the final close of its inaugural BeyondNetZero fund. Following the fund’s close, General Atlantic has a total of approximately $3.5 billion in capital to invest in climate solutions.
BNN Bloomberg: Texas lawmakers grilled finance industry executives they summoned to a remote corner of the Lone Star State for a hearing, questioning whether their environmental, social and governance policies are hindering state pension investments.
Yahoo Finance: PwC Canada unveiled its second Canadian ESG reporting study that assessed the ESG maturity of Canada's top 250 publicly traded companies, as measured by revenue and market capitalization.
BNN Bloomberg: Bluebell Capital Partners is calling on BlackRock Inc. to replace Chief Executive Officer Larry Fink over what it says are his failures to move the world’s largest money manager beyond investments in fossil fuels.
BNN Bloomberg: Republicans in the US Senate are amping up efforts to rein in BlackRock Inc., State Street Corp. and Vanguard Group Inc. on environmental, social and governance issues — a preview of a fight looming when the GOP takes control of the House next month.
U.S. News: Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc, the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
Yahoo Finance: Republicans are pressing to get rid of it, regulators are cracking down on the misselling of ESG-labeled funds and bonds, and sustainable investing purists want to eliminate the acronym altogether. It’s also become less of a talking point for corporate executives.
Fitch Ratings: A spate of high-profile regulatory findings against how asset managers operate ESG funds and present them to clients highlights the regulatory risk associated with such funds, Fitch Ratings says. Last week, Goldman Sachs agreed a USD4 million settlement with the SEC over charges against the bank’s asset-management division for failures in ESG investment policies and procedures.
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