ESG

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Support for ESG votes from BlackRock, State Street moderate at best: Morningstar
INVESTING ESG JUN 13, 2023
Support for ESG votes from BlackRock, State Street moderate at best: Morningstar

Vanguard was half as likely to vote for shareholder resolutions as BlackRock and State Street, a new report finds.

J.P. Morgan adds ESG data service for institutional investors
INVESTING ESG JUN 13, 2023
J.P. Morgan adds ESG data service for institutional investors

The new service will let clients compare ESG data across providers.

DOL has its say in court on ESG challenge
INVESTING RETIREMENT PLANNING JUN 12, 2023
DOL has its say in court on ESG challenge

The plaintiffs and defendant recently filed cross motions for summary judgment of the challenge over the Labor Department's recently implemented ESG rule for retirement plans.

Quakers divesting $17 million from Vanguard over climate change
INVESTING ESG JUN 12, 2023
Quakers divesting $17 million from Vanguard over climate change

Earth Quaker Action Team is planning to announce the withdrawals this week at Vanguard's headquarters.

Anti-ESG funds started with roar, tapered to meow, report finds
INVESTING ESG JUN 08, 2023
Anti-ESG funds started with roar, tapered to meow, report finds

Sales were strong late last year amid several ETF launches in this category, but have since slowed, according to Morningstar.

Anti-ESG group targets Bank of America
INVESTING ESG JUN 08, 2023
Anti-ESG group targets Bank of America

Will Hild’s Consumers’ Research is focusing on the second-largest US bank in its latest push against sustainable investing.

House hearing on ESG goes off the rails
INVESTING ESG JUN 07, 2023
House hearing on ESG goes off the rails

The hearing showed that Republicans and Democrats don't agree on what 'choice' means in the context of investing.

First 401(k) lawsuit over ESG targets American Airlines' $26 billion plan
INVESTING RETIREMENT PLANNING JUN 06, 2023
First 401(k) lawsuit over ESG targets American Airlines' $26 billion plan

The case, which is seeking class status, also names Fidelity and Financial Engines as defendants.

Anti-ESG shareholder proposals rise sharply
INVESTING PRACTICE MANAGEMENT JUN 02, 2023
Anti-ESG shareholder proposals rise sharply

A report from the Sustainable Investment Institute shows a 76% uptick this year in shareholder resolutions asking companies to undo their work on diversity, equity and inclusion, and other issues.

Amid oil industry profits and anti-ESG campaigns, proxy votes see less support
INVESTING ESG JUN 01, 2023
Amid oil industry profits and anti-ESG campaigns, proxy votes see less support

Environmentally focused resolutions are getting double-digit support, but less than similar proposals had in 2022.

California lawmakers move ahead with major climate disclosure bills
INVESTING ESG MAY 31, 2023
California lawmakers move ahead with major climate disclosure bills

The state is poised to go much further on emissions reporting than the Securities and Exchange Commission.

House bill would nix ESG funds in Thrift Savings Plan
INVESTING RETIREMENT PLANNING MAY 30, 2023
House bill would nix ESG funds in Thrift Savings Plan

The retirement plan for federal government workers also includes numerous Christian and 'pro-life' funds that would seemingly be affected by the legislation.

California bill would require state pension funds to divest oil, gas assets
INVESTING RETIREMENT PLANNING MAY 30, 2023
California bill would require state pension funds to divest oil, gas assets

The measure seeks divestment of an estimated $15 billion from oil and gas companies by CalPERS, CalSTRS.

BNY hires first chief sustainability officer from BlackRock
INVESTING PRACTICE MANAGEMENT MAY 26, 2023
BNY hires first chief sustainability officer from BlackRock

Meaghan Muldoon, who had been global head of ESG integration at BlackRock, started in her new position at BNY Mellon this month.

Advisors connect rising women philanthropists to their tribes
INVESTING ESG MAY 26, 2023
Advisors connect rising women philanthropists to their tribes

As Gen X and baby boomer women realize they qualify as philanthropists, new platforms and groups are emerging to equip them with community and context.

State Street further extends proxy voting choice to ETFs
INVESTING ESG MAY 24, 2023
State Street further extends proxy voting choice to ETFs

The new policy will apply to more than 80% of institutional equity fund assets and ETFs.

Vanguard CEO Buckley tiptoes around ESG, embraces AI
INVESTING FINTECH MAY 24, 2023
Vanguard CEO Buckley tiptoes around ESG, embraces AI

'ESG funds are not the next great innovation,’ Tim Buckley said at an Investment Company Institute conference. 'They’re a client preference, and we need to treat it as such.'

Efforts to sway public opinion on ESG aren't working, survey suggests
INVESTING ESG MAY 23, 2023
Efforts to sway public opinion on ESG aren't working, survey suggests

A Gallup poll shows that people's familiarity with ESG and views about it might not have been affected by the culture wars.

Swiss Re quits net zero group
INVESTING ESG MAY 23, 2023
Swiss Re quits net zero group

The world's second-largest reinsurer is now the fourth major company to walk away from the Net Zero Insurance Alliance.

Insurers take heat from shareholders over oil and gas coverage
INVESTING ESG MAY 22, 2023
Insurers take heat from shareholders over oil and gas coverage

Resolutions asking companies to phase out coverage for new projects aren't doing as well as those pushing insurers to disclose plans for their climate goals.