ESG backlash

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.

Major US asset owner calls exits by bulge bracket banks 'deeply disturbing' as CEOs remain members of GFANZ strategy group.

The latest developments in sustainable finance: Investors pre-declare on Microsoft AI proposals; Switzerland launches TCFD consultation.

The latest developments in sustainable finance: Standard Life to align default pension with SDR; Impax AM reports full-year net outflows of £5.8bn.

Investors and lawyers look at the implications of changes at the White House and SEC for environmental and social shareholder resolutions.