.png?width=200&height=78&name=CH%20Diligence%20(thicker%20line-white).png "CH Diligence (thicker line-white)")
ESG Dive: Increased politicization of ESG risks and reporting drove the increase in anti-ESG proposals, according to ISS-Corporate’s report. Anti-ESG proposals made up approximately 11% of all requests in the year through June 2024, compared to approximately 2% of requests from July 2014 to June 2021.
ESG News: Canada’s federal government is exploring a $15 billion incentive to encourage domestic pension funds to invest in artificial intelligence (AI) data centers powered by green energy, according to the Globe and Mail.
Yahoo Finance: Parnassus, one of the largest asset managers to offer products tied to environmental, social or governance considerations, launched its first exchange-traded funds amid a difficult environment for the strategy.
Yahoo Finance: It’s unlikely that the return of Donald Trump to the White House will undermine the case for ESG investing, according to UBS Group AG’s global wealth management arm.
Yahoo Finance: A new "anti-woke" ETF is set to launch in the first quarter of the new year, according to an unveiling from startup asset manager Azoria Partners. The fund will invest in the S&P 500, but will specifically exclude companies that "use racial or gender quotas in hiring, promotions, or pay decisions."
CFO Dive: The Securities and Exchange Commission, led by its Division of Corporation Finance, is considering recommending a rule requiring publicly traded companies to disclose more about the diversity of members and nominees to their boards.
Yahoo Finance/Reuters: BlackRock, Vanguard and State Street have been sued by Texas and 10 other Republican-led states, which said the large asset managers violated antitrust law through climate activism that reduced coal production and boosted energy prices.
ESG Today: Sustainability-focused investment manager Mirova and BNP Paribas Asset Management (BNPP AM) announced that they have acquired a majority stake in French renewable energy developer Arkolia, with an investment by the asset managers of more than €200 million aimed at funding the companies’ growth.
Funds Europe: The Black Lives Matter movement sparked a positive change four years ago and had a huge influence on Financial Services businesses’ commitment to race equality in the workplace.
Yahoo News: President-elect Donald Trump's pick to lead the energy department believes fossil fuels are the key to ending world poverty which, he says, is a greater problem than climate change's "distant" threat, according to a report he penned as CEO of oilfield services company Liberty Energy.
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