More sovereign wealth funds adopt a formal ESG policy – study
By Simon Jessop LONDON – Three quarters of the world’s sovereign wealth funds now have a formal policy on environmental, social and governance investing, yet just 30% have set a target to…
‘Living In The Stone Age’: Tucker Rips ESG Policies Crippling Third World
‘Living In The Stone Age’: Tucker Rips ESG Policies Crippling Third World Harold Hutchison on July 13, 2022 Fox News host Tucker Carlson lambasted efforts to pass versions of the “Green New…
Shareholder ESG support down but not out, researchers say
By Ross Kerber (Reuters) – Average support for shareholder resolutions on environmental, social and governance (ESG) topics at U.S. companies dipped to 26.6% this year from 32% in 2021 as asset managers…
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy
‘Complete Collapse’: Here’s How ESG Destroyed One Nation’s Economy Micaela Burrow on July 6, 2022 Sri Lanka has run out of fuel and is facing the worst economic crisis in decades. A…
Taiwan pension fund awards $2.3 billion ESG mandate to HSBC, Morgan Stanley, 3 others
By Selena Li HONG KONG – The fund management arms of HSBC and Morgan Stanley were among three others to win a mandate from Taiwan’s largest pension manager to run Asia’s first…
U.S. SEC investigating Goldman Sachs over ESG funds – WSJ
(Reuters) – The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc’s asset-management division over its funds that look to invest based on environmental, social and governance (ESG) standards,…
Engine No. 1 rushes to back ESG disclosures at top companies
By Ross Kerber (Reuters) – Sustainability-focused hedge fund Engine No. 1 has backed 83% of shareholder resolutions on environmental, social and governance (ESG) topics at top U.S. companies so far this year…
Tesla investor Streur says carmaker still believes in ESG
By Ross Kerber (Reuters) – Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a “scam” last week but one sustainable investing pioneer…
Analysis-Musk’s ESG attack spotlights $35 trillion industry confusion
By Simon Jessop and Ross Kerber LONDON/BOSTON – Elon Musk’s rejection of environmental, social and corporate governance (ESG) scores as a “scam” highlights how Wall Street’s hottest investment trend that encompasses some…
Musk says you can’t save planet and short Tesla; ESG investors disagree
By Simon Jessop LONDON – Elon Musk may not like it, but environmental credentials still come second to profit and loss for the world’s sustainability-minded investors – even if that means “short-selling”…
Mastercard to link all employee bonuses to ESG goals
(Reuters) – Payment processor Mastercard Inc will link all employee bonuses to environmental, social and corporate-governance (ESG)initiatives, expanding an earlier program which was limited to its senior executives, Chief Executive Michael Miebach…
U.S. securities regulator names crypto, ESG among 2022 exam priorities
WASHINGTON -The U.S. Securities and Exchange Commission (SEC) on Wednesday flagged crypto-assets, information security, the private fund sector and environmental, social and governance issues among its examination priorities in 2022 for market…
Prada appoints ESG experts Culpepper and Rugarli to board
ROME – The shareholders’ meeting of Prada appointed on Friday environmental, social and governance (ESG) experts Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors to its board, the Italian fashion…
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