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ESG backlash

Traditionally viewed as staid and boring, investors are increasingly looking at the muni market as a source of sustainable asset – but will the ESG backlash strike a crippling blow?
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US responsible investment firm cites legal and compliance concerns over net-zero pledge.
New York City Office of the Comptroller, CalSTRS, Franklin Templeton, Generation Investment Management, and Patagonia among 200+ signatories of statement.
The latest developments in sustainable finance: Texas blacklists HSBC for energy policy; investors stepped up decarbonisation in 2022 despite energy crisis, Robeco finds.
From government employees and pensioners suing state pension funds to funds themselves litigating against policymakers, there are several ways cases could be brought to state courts.
BlackRock chief mounts defence of firm's demands for more disclosures, but argues that managers should not try to engineer economic outcomes.
US flag with cracks through it
Republicans rally support as resolution overturning recent ruling on the use of sustainability by retirement plan fiduciaries heads to Senate vote.
Information will be key in winning over states with a mix of Republican and Democrat financial officials, says Nevada treasurer Zach Conine.
US flag with cracks through it
Research comes as investors call on Congress to vote against an expected Congressional Review Act resolution to overturn a Department of Labor ruling.  
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