ESG backlash

Proposed amendment would bar financial institutions from making business decisions based on mandatory climate disclosures.

The latest developments in sustainable finance: CalPERS CEO raises SEC concerns; Citi drops DE&I goals.

Taxonomy development and technical assistance not affected, CEO says.

Filers say regulator has 'moved goalposts' for 2025 proxy season by rescinding Biden-era guidance and reviving rules put out under first Trump administration. 

Internal efforts on scenario analysis and climate activities not expected to be impacted, but some worry about wider impact on central banks and climate.

Lawyers warn other corporates may be sued over 401K choices depending on damages, but precedent offers pro-ESG opportunities as well.

People's Pension calls on peers to be aware of shifts, as more NZAM members and other asset owners react to news.

Supporting networks reassure signatories as members of NZAM advisory board remain tightlipped over changes.

Industry experts question narrative of corporate retreat from DE&I following pressure from right-wing activists.

Global climate initiative will no longer require partnering organisations to adopt net-zero targets in strategic shift.