.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
Yahoo Finance: A group of Republican U.S. state treasurers will withhold votes for Vanguard fund board nominees on concerns the slate is "tone-deaf" on sustainability matters, presenting a political hurdle for the top mutual fund manager as it looks to build turnout for a rare fund trustee election.
MSN: Top asset manager BlackRock said it had resumed stewardship engagements with companies after reviewing new guidance from the U.S. Securities and Exchange Commission.
Yahoo Finance: Vanguard and BlackRock Inc. (BLK) have hit pause on corporate engagement meetings as they consider the consequences of newly released guidance that redefines how investor activism is regulated, according to published reports from Semafor and Reuters citing unnamed sources.
ESG Dive: A coalition of 17 Democratic state finance officials sent a letter to the acting heads of the Securities and Exchange Commission and Department of Labor, combating anti-ESG and anti-DEI claims from their Republican colleagues that were previously sent to the agencies, according to the letter seen by ESG Dive.
Yahoo Finance: JPMorgan Chase published the first installment of a climate-focused advisory series last week that the bank says is designed to help clients understand climate risk and how to factor its financial impacts in asset prices.
Yahoo Finance: Top mutual fund manager Vanguard has paused meetings with portfolio companies while it reviews the impact of new guidance on investor activism from the U.S. Securities and Exchange Commission, according to people familiar with the matter.
The Guardian: Support for shareholder proposals aimed at tackling environmental and social risks hit a record low last year, figures show, amid a “worrying retreat” by investors, particularly in the US.
ESG Dive: A federal judge ruled that the Labor Department’s regulation allowing fiduciaries to consider ESG and other collateral factors as a tiebreaker does not violate the Employment Retirement Income Security Act of 1974, according to court documents.
Yahoo Finance/Reuters: A federal judge in Texas upheld a rule adopted during Democratic former President Joe Biden's tenure that allows socially conscious investing by employee retirement plans, saying it remains valid even after a U.S. Supreme Court ruling that curbed agencies' regulatory power.
ESG Today: Corporate boards in the U.S. see significant risk to their companies in speaking out on social issues, with less than a fifth of directors believing that they should encourage C-Suite leaders to speak publicly to reinforce company values, according to a new survey released by board education provider Corporate Board Member, GRC solutions provider Diligent, and advisory firm FTI Consulting.
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