‘Writing on the wall’ for new fossil fuels as HSBC stops funding
Other banks need to follow suit or face shareholder action
US
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UN PRI drops complaint against Nuveen and TIAA
Environmental groups and academic clients of the companies alleged greenwashing
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State Street the latest to expand client proxy voting
The measure follows similar moves from Vanguard and BlackRock
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Managers stop calling some assets ESG ahead of SEC rules
Anti-greenwashing proposals are already having an effect, results of a US SIF survey suggest
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GMO preps resource transition fund
The fund would invest in companies involved in natural resources other than fossil fuels
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Persefoni adds another former SEC lawyer
The firm is adding regulatory expertise as climate disclosure pressure grows
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Global X preps covered call ESG ETF
There is a lack of ESG funds on the market designed to address volatility through a buy-write strategy
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A trading app bets on sustainable investing
CEO of Fennel talks about the company’s potential, and ESG Out Loud reviews the new DOL rule
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Microsoft, Salesforce join startups with products to track emissions
Demand for services would rise amid forthcoming SEC rules
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‘The ESG backlash is overblown’
Persefoni’s Kristina Wyatt says the regulatory landscape is important but other factors will drive decarbonization
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Anti-ESG funds benefit believers in sustainable investing
Having more choice undercuts the argument investment companies impose their will on market participants
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Vanguard jumps ship at net-zero initiative
The company, like other large asset managers, has faced pressure from conservatives over ESG stances