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ESG backlash

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.  
The latest developments in sustainable finance: India Congress leader calls for Adani investigation; Florida governor looks to ban ESG investing.
Securities and Exchange Commission headquarters
Mark Uyeda raised ‘significant concerns’ about ESG rating standards in speech on lack of definition in sustainable finance.
Research modelled cost implications for bonds issued by the six states if they enacted similar legislation to Texas, which resulted in the boycotting of major financiers.
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