ESG

Sustainable investing and how to align your investments with your values

Sustainable investing and how to align your investments with your values

and control icons. Getty Depending on your personal values, you may have moral opposition to certain types of companies. In my experience, this has caused some people to give up investing altogether, crippled by the fear that they might accidentally fund something they think is wrong. This is an essential guide to sustainable investing and …

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For BlackRock, no slowdown in ‘awakened investing’ despite attacks

For BlackRock, no slowdown in ‘awakened investing’ despite attacks

BlackRock CEO Larry Fink Anadolu Agency via Getty Images TThese are tough times for “woke investing,” Wall Street’s dogged practice of doing good by doing good. For the first time since the strategy’s birth in 2010, more US investors are leaving environmentally responsible exchange-traded funds than buying, and this month three of the biggest US …

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Businesses are scrambling as global regulators turn their attention to impacts on biodiversity

Businesses are scrambling as global regulators turn their attention to impacts on biodiversity

The term “net zero” has become a bit of a catch-all for corporate sustainability efforts. Globally, some 929 publicly listed companies currently have publicly disclosed net zero goals, a number that has more than doubled in the past two years, and countless press releases and environmental, social and governance (ESG) reports tout corporate efforts to …

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Should ESG investing be criminalized?

Should ESG investing be criminalized?

Earlier this month, three members of the New Hampshire House of Representatives introduced a bill opposing ESG investing. It reads in part: “Executive branch agencies authorized to invest funds must review their investments and take all necessary steps to ensure that no funds or state-controlled investments are invested in businesses that invest New Hampshire funds …

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SIFMA’s lawsuit against Missouri’s anti-ESG investment law survives

SIFMA’s lawsuit against Missouri’s anti-ESG investment law survives

The lawsuit over Missouri’s first-ever ESG investment rules will continue after a federal judge this month denied the state’s motion to dismiss. The Securities and Financial Markets Industry Association sued Show Me State last August over a pair of quarterly anti-environmental, social and governance securities rules. The measures require advisers and broker-dealers to obtain written …

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Don’t turn off the faucets on water investments just yet

Although it is just one private company, Thames Water’s recent troubles have highlighted the wider challenges facing investors seeking to make a positive contribution to the environment through capital exposure to UK water companies. Popular with income investors, such companies are regulated monopolies, often viewed in the stock market as defensive bond proxies because of …

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House Republicans are calling out investment firms for environmental pledges

House Republicans stepped up their investigation into the sustainability activities of investment firms on Monday, demanding that two such firms hand over information about their efforts to decarbonize their assets. GOP lawmakers have for months taken aim at companies’ efforts to consider environmental, social and corporate governance standards when doing business. Known by the acronym …

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Pioneer Elon Musk is pushing a worldly new frontier

Elon Musk, CEO of SpaceX and Tesla and owner of X, formerly known as Twitter, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition center in Paris, France June 16, 2023. REUTERS/ Gonzalo Fuentes/File Photo License Rights Acquired November 30 (Reuters) – (Please note the coarse language in …

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New York investment chief calls on Tesla to fine Musk unless he apologizes

[1/2]Tesla and SpaceX CEO Elon Musk pauses during an event to talk with British Prime Minister Rishi Sunak in London, Britain, Thursday, November 2, 2023. Kirsty Wigglesworth/Pool via REUTERS/File Photo License Rights Acquired NEW YORK, Nov 21 (Reuters) – New York Comptroller Brad Lander told Reuters on Tuesday that Tesla’s ( TSLA.O ) board of …

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Missouri urges court to dismiss SIFMA case over ESG investment rules

Missouri has asked a federal court to throw out a lawsuit brought by the Securities Industry and Financial Markets Association against the first-of-its-kind environmental, social and governance investment rules, arguing that the securities association lacks standing to filed a lawsuit. The dispute stems from Missouri’s four-month investment rules, which require advisers and broker-dealers to disclose …

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