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House Republicans warn SEC against climate disclosure requirements
GOP members of House Financial Services Committee question whether climate risk meets the materiality standard.
ESG investing can be volatile — but doesn’t have to be
Investors in concentrated ESG strategies have experienced crashing lows from the highs of last year, while broadly diversified strategies have offered a smoother ride and still beat the S&P 500.
Fund managers in world’s greenest market struggle with ESG rules
Europe’s new Sustainable Finance Disclosure Regulation requires the industry to label how green an investment product is so that end investors know what they’re buying. But the requirements have yet to be finalized, leaving plenty of room for questions.
ETF tracking LGBTQ index is launched
The exchange-traded fund tracks an index of U.S. large-cap companies that have a commitment to LGBTQ diversity and inclusion.
‘Womenomics’ researcher to bring ESG to Japanese startups
Kathy Matsui, formerly of Goldman Sachs, starts female-run venture fund to support health care, fintech and other young firms.
Companies more receptive to diversity-related investor proposals
IBM, First Solar, and DuPont among the companies pressured by shareholders this year to pledge diversity changes.
Texas legislature passes anti-ESG bill
If the governor signs the bill, the state's six public pension funds would be prohibited from investing in financial products that boycott energy companies.
Shareholder victory over Exxon emboldens ESG supporters
Engine No. 1 win over oil giant's management team suggests climate change and sustainable investing are now mainstream.
Learning to talk ESG with clients
Global ESG Summit takes a deep dive into how advisers and clients can get on the same page when it comes to sustainable investing.
Legislation would require ESG factors in investment decisions
The bills amend the Investment Advisers Act and federal retirement law to promote sustainable investing. The document must describe the factors advisers use in making investment decisions and they must 'align with an ESG framework'
Democratic-led SEC lets investors determine ESG materiality
The agency likely will propose disclosure rules and has already outlined compliance shortfalls, according to experts at the InvestmentNews Global ESG Summit.
Exxon activist wins historic board seats
Engine No. 1 seeks diversification in oil giant's business and a better plan to fight climate change.
Putnam launches its first ETFs
The four actively managed funds are based on strategies employed in the asset manager's mutual funds, including ESG offerings.
Biden orders climate risk strategy for financial assets
The executive order mandates an assessment of how to reduce climate risks to financial stability; the assessment would also detail plans financial regulators have for bolstering disclosures.
Legislators move to boost ESG in 401(k)s
The legislation introduced Thursday would amend the Employee Retirement Income Security Act to specifically allow plans to consider ESG factors 'when they are expected to have an impact on investment outcomes, provided plans consider them in a prudent manner consistent with their fiduciary obligations.'
Goldman joins banks exploring green equity as new ESG asset
Thirteen years after the first green bond, some financial firms are now working on creating a market for green stocks that meet measurable climate metrics.
Hot sector of ESG investing is cooling fast
The record-breaking boom in clean energy funds is rapidly giving way to a bust; since the beginning of May, about $154 million has been pulled from clean energy ETFs.
Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand
The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.
ESG options in 401(k)s could boost contributions, Schroders finds
Ninety percent of plan participants who are aware of ESG choices said they invest in them.
Federated Hermes takes advisers to school on ESG
The company's new Responsible Investing Institute taps into the growing appeal of ESG investing by giving financial advisers a road map to building portfolios and working with clients. Beyond the courses, the curriculum also include podcasts.
