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MSN: Norway's wealth fund will continue to raise environmental, social and corporate governance (ESG) issues with the companies it is invested in, including with Big Tech, despite a backlash against ESG, a top fund official said.
BNN Bloomberg: ESG. Three letters that have inspired, confused and angered. They stand for environmental, social and governance, and refer to a strategy where banks and investors weigh factors such as climate change and labor conditions in their financing decisions.
ESG Dive: Republican finance officials from 18 states sent a letter to the acting leaders of the Securities and Exchange Commission and Department of Labor last week, urging the agencies to adopt regulations for asset managers and retirement plan sponsors that prohibit the use of environmental, social and governance factors or diversity, equity and inclusion goals.
ESG Dive: 2025 had an eventful start, with implications looming over the year to follow. Banks and financial institutions have fled climate alliances and several major corporations are scaling back diversity, equity and inclusion commitments.
Yahoo Finance: Top mutual fund manager Vanguard removed some of its guidance for U.S. companies to include women and minority directors, a sign of the shifting dynamics of corporate diversity efforts that have come under attack from the new Trump administration.
ESG Today: Manulife Financial’s global wealth and asset management business Manulife Investment Management announced that it has raised $480 million in commitments at the final close of its Manulife Forest Climate Fund LP, focused on investing in sustainably managed forests, with carbon as the primary value driver.
ESG Dive: Attorneys general from 10 states, led by Texas AG Ken Paxton, sent letters to six major U.S. financial institutions, warning that some of their diversity, equity and inclusion and environmental, social and governance commitments could lead to enforcement if found to violate state or federal law.
ESG Dive: The White House published an executive order Tuesday that directs the heads of agencies, in cooperation with the attorney general, to submit a report by May 21 with recommendations to “encourage the private sector to end illegal discrimination and preferences, including DEI.”
ESG Today: Most of Canada’s major banks have elected to exit the Net-Zero Banking Alliance (NZBA), continuing a largely North America-focused exodus from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, kicked off last month by their Wall Street peers.
ESG Dive: BlackRock and Tennessee Attorney General Jonathan Skrmetti reached a settlement last week on the state’s lawsuit alleging the investment management firm was misleading consumers about its ESG strategies.
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