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BlackRock blindsided by Florida’s decision to pull $2 billion in anti-ESG move
The asset manager wasn’t aware of the decision until reading about it in a statement from Florida Chief Financial Officer Jimmy Patronis.
Fossil fuel funds may outperform ESG for now, but not in long run, experts say
Experts participating in the InvestmentNews ESG Summit assert that using ESG factors provides better insight on potential return.
Bringing ESG investing to clients is often more art than science
Experts say advisers who are introducing clients to ESG investing must start with flexibility and an open mind.
BlackRock’s Fink predicts most crypto firms will fold in wake of FTX meltdown
BlackRock was among the financial firms stung by the bankruptcy of the crypto exchange, having invested roughly $24 million in FTX through a fund of funds.
Vatican report on faith-based investing crosses into ESG territory
The new report cites 24 areas of focus for Catholic-values investing, some of which overlap with ESG investing.
Morningstar CEO: Don’t get hung up on standardizing ESG data
Kunal Kapoor talks to ESG Clarity about engaging advisers and the language of ESG.
Goldman Sachs to pay $4 million SEC penalty in ESG fund case
The regulator claims Goldman's asset management unit failed to properly weigh environmental, social and governance factors in some investment products.
DOL’s final ESG rule puts an end to Trump administration restrictions
The new rule frees retirement plan advisers to incorporate risk and return factors associated with climate change and other ESG investment alternatives.
Sen. Tester concerned about impact of SEC climate rules on farmers
The Montana Democrat's pushback gives a bipartisan tenor to ESG skepticism that so far has been voiced loudly by Republicans.
Trading app Fennel seeks to win customers with ESG data
The subscription-based service’s key feature is its in-app ESG data and rankings, which provides information to retail investors on public companies’ environmental, social and governance practices.
What recent anti-ESG rhetoric gets wrong
In navigating the debate about environmental, social and governance investing, it's valuable to separate well-founded criticisms from misguided cynicism.
Climate change could cut asset values by more than half
The costs of acting sooner are much lower than those of delaying action, Willis Towers Watson found.
Midterms’ consequences for ESG
Regulators will press on with their climate agendas, as will anti-ESG politicians.
Morningstar CEO Kapoor on ESG opportunities for advisers
'This language of ESG is a way to change that conversation and have connectivity through generations,' Kapoor says.
iShares files for ‘breakthrough’ environmental ETF
The fund would follow the Morningstar Global Emerging Green Technologies Select Index.
‘Bogus’ net-zero pledges cover up fossil fuel expansion, UN says
United Nations Secretary-General António Guterres called for current pledges to be aligned with new guidance that was launched at COP27.
Strong millennial demand pushing for increased ESG options in 401(k)s
66% of millennials would be more likely to contribute to their workplace retirement plan for the first time or increase their contribution if they knew their investments were doing social good.
JPMorgan, money managers pushing back against proposed SEC names rule
The agency is floating tighter rules that would require certain funds to have at least 80% of assets correspond to investment strategies listed in their names.
Asset managers have an ESG data problem
Without standardization, institutional investors have some trouble incorporating the data.
BlackRock to open proxy voting to some retail investors
Initially, the program will be available to UK investors, but it could eventually expand to all fund shareholders.
