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ESG Dive: Shortly after President Donald Trump’s inauguration in January, the Securities and Exchange Commission started taking steps to distance itself from rules promulgated under the prior administration, particularly those on environmental, social and governance issues.
ESG Today: The U.S. Securities and Exchange Commission (SEC) has told the U.S. Court of Appeals that it does not intend to review or revisit its climate disclosure rules for companies, and asked the court to rule on rule on petitions filed against the rules.
MSN/Reuters: Glass Lewis and ISS, two of the best known proxy advisers, sued Texas to block a first-of-its-kind state law limiting their ability to advise shareholders on diversity, environmental and governance practices.
ESG Today: Nature-based carbon removal startup Chestnut Carbon announced that it has secured a new $210 million project finance credit facility, led by J.P. Morgan and backed by a massive forest-focused carbon removal offtake agreement recently signed with tech giant Microsoft.
Waste Today: Infrastructure at Goldman Sachs Alternatives announced it has entered into a definitive agreement to acquire Liquid Environmental Solutions (LES), a U.S. provider of nonhazardous liquid waste management services based in Irving, Texas, from Audax Private Equity.
ESG News: Blackstone will invest over $25 billion to expand Pennsylvania’s digital and energy infrastructure, a move expected to catalyze an additional $60 billion in private investment across the Commonwealth.
Yahoo Finance: RepRisk uses entirely third-party data to evaluate a company’s “material ESG risks” by screening more than 150,000 sources — from new media, social media, research firms, NGOs, and others — in 23 languages daily, according to its website.
ESG Dive: EcoVadis said the “greenhushing” occurring alongside increased investments shows many companies “see it as a behind-the-scenes lever for long-term growth.” More than 6-in-10 respondents (65%) reported viewing supply chain sustainability as a “competitive advantage,” according to the survey.
Yahoo Finance/Reuters: Support for shareholder resolutions pressing U.S. companies for environmental and social reforms fell to 16% on average for the 12 months ended June 30, half the rate of three years ago, data from Morningstar shows.
Funds Europe: ESG investing appears to have hit a major roadblock. Donald Trump’s return to the White House has set off a fierce backlash against the use of environmental, social and governance (ESG) principles in investment.
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