Exxon activist wins historic board seats
Engine No. 1 seeks diversification in oil giant’s business and a better plan to fight climate change.
Author: Bloomberg News
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Biden orders climate risk strategy for financial assets
The executive order mandates an assessment of how to reduce climate risks to financial stability; the assessment would also detail plans financial regulators have for bolstering disclosures.
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Hot sector of ESG investing is cooling fast
The record-breaking boom in clean energy funds is rapidly giving way to a bust; since the beginning of May, about $154 million has been pulled from clean energy ETFs.
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Improvers the next ESG investment to clean up?
Investment managers bet polluters going green will be next hit with investors.
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Oil shares inside ESG ETFs helping returns
Ironic that boost in oil prices is helping funds aimed at supporting firms with strong environmental, social and governance scores.
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Wall Street’s ESG club sees huge tax perks
Big banks’ finance work involving environmental, social and governance projects saves them a lot on taxes.
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Biden pledges US will halve greenhouse gases
At international summit, President Joe Biden says US will double climate assistance to developing countries and cut 50% of domestic emissions by 2030.
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Citi expects $1 trillion boom in ESG ETFs
The bank’s analysts credit the global pandemic with stirring investor demand for companies doing good, and also cite the frenzy for tech-focused thematic funds, many of which fall within the environmental, social and governance category.
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BlackRock and Temasek team create VC fund to cut carbon
In a similar effort, Bill Gates has raised $2 billion in a VC fund for sustainable energies.
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BlackRock has record ETF launch with carbon transition fund
Investors plowed $1.25 billion into the BlackRock U.S. Carbon Transition Readiness ETF Thursday, making it the biggest launch in the ETF industry’s three-decade history.
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Bond vigilante calls out credit investors on climate
Ulf Erlandsson spends his time pushing fixed-income investors and bankers to face up to the risks posed by climate change and their role in underwriting a warmer planet.
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BlackRock plans racial audit, in break with Wall Street peers
The asset manager will undergo a third-party audit of its operations following a request from a shareholder.