DOL/EBSA ESG Rules Challenged in Court

The new DOL/EBSA rules allowing ESG investments and reiterating the fiduciary obligation of exercising share ownership rights, including proxy voting, is being challenged in court by 25 Republican Attorneys General and fossil fuel companies. The rule was set to take effect January 30, 2023. The lawsuit, filed in the U.S. District Court for the Northern District of…

Global Investor Survey 2022 | ESG Execution Gap | PwC

Unsurprisingly, we found that investors want companies to keep a sharp focus on innovation and financial performance. They ranked those as their two highest priorities for business, with reduction in greenhouse gas emissions coming lower. Over the next five years, however, investors expect the threats stemming from climate change and cyber (including hacking and disinformation)…

Larry Fink says ESG narrative has become ugly, personal | Pensions & Investments

BlackRock CEO Larry Fink said the narrative around ESG investing has become ugly and is creating “huge polarization.” “I’m taking this very seriously,” Mr. Fink said in an interview with Bloomberg TV at the World Economic Forum in Davos. “We are trying to address the misconceptions. It’s hard because it’s not business any more, they’re…

Europe: Say-on-climate voting is on the up, but support falls

Say-on-climate voting is on the up, but investor support falls by Gavin Hicks Support for say-on-climate proposals has dropped off year on year, though the number of votes— which are currently voluntary—has greatly increased, according to new research. There is also an emerging divide among shareholders. European fund managers appear to be increasing their dissent,…

A Solution Is in Sight for the ESG Controversy – WSJ

Despite the outrageous slant of this opinion piece from “anti-woke”: Vivek Ramaswamy (somehow only the other side “claims” while anti-ESGers somehow know), he is right about one thing: transparency is always beneficial to robust market responses. He says, “Lawmakers concerned about the use of ESG in capital markets need not ban it. They can simply…

Paul Tudor Jones, hedge fund billionaire, wants to make it SEG

ESG has become one of the most polarizing topics for companies and across Wall Street. But billionaire hedge fund manager Paul Tudor Jones says that a lot of the pushback simply comes down to how it is framed by critics.“ESG is incorrectly characterized,” Tudor Jones said on “Squawk Box” on Tuesday. “Certainly, by what the…

A baker’s dozen of shareable studies that make the case for ESG – ImpactAlpha

Ryon Harms writes about the data rebutting anti-ESG claims. Despite relentless attacks from anti-ESG operatives, companies and investors are expected to significantly grow commitments to sustainability and diversity. Here are 13 recent studies to share with clients and colleagues that demonstrate the power of ESG investments to drive positive returns and reduce risk. A baker’s…

The Top 15 Anticipated ESG-Related Considerations That Will Influence Strategy in 2023

The predictions of Dan Romito, Pickering Energy Partners include increased disclosure from public companies and their private company connections, more ESG-focused shareholder proposals, more focus on water issues along the lines of climate change issues, advancement of offsets, Scope 3 disclosures, the US leaning toward Europe’s sustainable finance disclosures, greater focus on climate metrics in credit…