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ESG backlash

Picture of the SEC Headquarters
Recent Supreme Court decisions will be a headwind but not a huge blow to SEC's climate rule and ESG enforcement, say lawyers.
The latest developments in sustainable finance: Railpen, NBIM make new investments in UK renewables; CNP Assurances announces biodiversity exclusions.
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Judge finds 'substantial likelihood' that arguments on breach of fiduciary duty and vagueness of law may be successful.
View of the flight deck on an aircraft carrier
Investor industry group criticised for promoting defence as sustainable investment in joint statement with UK government.
Fund urges other managers to stay the course, warns firms not to follow Exxon lawsuit example.
Judge gavel, scales of justice and law books in court
Much remains uncertain as the multiple cases against the SEC climate rule wind their way through the justice system.
Emails obtained by RI show manager tried to convince the state that it has worked on being 'more precise on communication' on sustainability.
Magnifying glass on charts graphs paper. Financial development, Banking Account, Statistics, Investment Analytic research data economy.
Significant majority of banks back new release, which includes facilitated emissions, but greener members retain concerns.
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.

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