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ESG backlash

Investigations by right-wing attorneys general tipped to continue after big asset managers quit climate collaborative engagement initiative.
EU asset owners welcome membership for firm’s international arm; New York City slams move while Republican treasurers claim victory.
Michael Frerichs says the state is not afraid to pull money from managers and discusses BlackRock's ESG commitments.
Firm notes increasing scrutiny from stakeholders as a separate risk factor in Q4 results amid growing polarisation.
Illustrations of US dollars
Triodos and Ecology Building Society will remain members of GFANZ alliance despite threats of COP departure.
The world is running out of time to avert the worst effects of climate change. Can COP28 find answers?
Linklaters survey finds reluctance to collaborate on climate on both sides of the Atlantic, but US companies no more likely to back out.
Texas court judgement and Missouri filings provide useful precedents for firms dealing with the backlash, says Ropes & Gray partner.
View of the flight deck on an aircraft carrier
Major asset managers including Schroders and Fidelity International invited to discuss defence allocation and improving sector's profile.
Accusations by Republicans of links to foreign governments and anti-fossil fuel bias coincide with announcement by the SBTi of separation of standard-setting and validation arms.

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