Displaying 42 results
Anti-ESG funds started with roar, tapered to meow, report finds
Sales were strong late last year amid several ETF launches in this category, but have since slowed, according to Morningstar.
House hearing on ESG goes off the rails
The hearing showed that Republicans and Democrats don't agree on what 'choice' means in the context of investing.
First 401(k) lawsuit over ESG targets American Airlines’ $26 billion plan
The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.
Anti-ESG shareholder proposals rise sharply
A report from the Sustainable Investment Institute shows a 76% uptick this year in shareholder resolutions asking companies to undo their work on diversity, equity and inclusion, and other issues.
Amid oil industry profits and anti-ESG campaigns, proxy votes see less support
Environmentally focused resolutions are getting double-digit support, but less than similar proposals had in 2022.
House bill would nix ESG funds in Thrift Savings Plan
The retirement plan for federal government workers also includes numerous Christian and 'pro-life' funds that would seemingly be affected by the legislation.
State Street further extends proxy voting choice to ETFs
The new policy will apply to more than 80% of institutional equity fund assets and ETFs.
Efforts to sway public opinion on ESG aren’t working, survey suggests
A Gallup poll shows that people's familiarity with ESG and views about it might not have been affected by the culture wars.
Fund shops focused on ESG despite pushback, reports show
More than half of US asset managers see ESG as a high priority, and many are adding staff to support that.
House hearing on ESG paints picture of two different Americas
Representatives took jabs at the other party and expressed opposing views on the potential of ESG.
Maine legislators halt bill opposed to use of ESG factors
State pension professionals argued against it, saying the legislation would limit investment considerations.
ESG could have saved Silicon Valley Bank
One of the nation’s largest banks experienced a series of governance lapses that resulted in the mismanagement of interest-rate risk.
Florida’s new law makes ESG murkier
The law is the 'farthest-reaching' of the actions various states have taken to restrict the use of environmental, social and governance considerations.
Why the ESG backlash has little effect on corporations
Politicians' manufactured controversies are having minimal impact in boardrooms.
New Hampshire Gov. Sununu joins anti-ESG fray amid setbacks for the movement
The governor signed an executive order this week that entails only limited practical restrictions on state assets but could have a chilling effect.
Anti-ESG measures are everywhere, but some are floundering in GOP states
Fiduciaries are citing the high costs of legislation restricting the use of ESG, and some state leaders are listening.
Why that $6.2 billion outflow from an ESG ETF is not the end of sustainable investing
Excluding the iShares ESG Aware ETF, sustainable funds saw positive net sales so far this year, according to data from Morningstar Direct.
Investors focus on climate, abortion access in potential record proxy season
After last year's Supreme Court decision overturning Roe v. Wade, more companies face votes on reproductive health care.
Strive Asset Management to bring anti-ESG to PEP 401(k)
The firm, which is on a crusade against the use of ESG factors in investing, announced that it's launching a pooled employer plan.
ESG opponent Strive gets warm welcome from some state pensions
Co-founder Vivek Ramaswamy, who recently stepped down to campaign for president, has said he wants to take politics out of investing.
