February 03, 2023
In a news release this week, every Senate Republican, along with Sen. Joe Manchin, D-W.V., and Rep. Andy Barr, R-Ky have announced that a joint resolution will be reintroduced in the Senate and House that would nullify the Department of Labor's new rule permitting retirement plan fiduciaries to consider climate change and other environmental, social and governance (ESG) factors when selecting investments and exercising shareholder rights.
February 01, 2023
The Global Investor Commission on Mining 2030 was launched at the London Stock Exchange with the goal of reforming the mining sector for the low carbon transition by 2030 and is backed by the Church of England Pensions Board (CEPB) and advised by the United Nations Environment Programme.
January 25, 2023
A recent PwC survey highlights the predicament facing CEO’s as a large majority of global investors placed ESG-related outcomes among their top five priorities for business to deliver but 81% would accept only a 1 percentage point or smaller reduction in returns to advance ESG objectives.
January 20, 2023
Phil Gramm and Hester Peirce argue in the Wall Street Journal that the Security and Exchange Commission (SEC) is attempting to supplant the market as it seeks to induce private companies to take steps to achieve social goals rather than serve it’s main purpose of combating fraud or encouraging market integrity.
January 19, 2023
Proxy advisory firms received a letter from twenty-one state attorneys general providing evidence of the firms possible violations of their fiduciary duty concerning their use of Environmental Social and Governance (ESG) criteria while issuing counsel to state investment agents.
January 18, 2023
Expert and Author Stephen Moore explores how President Biden’s Labor Department’s new rule allowing retirement fund managers to select stocks of companies based on their positions on social and environmental issues (ESG), not on which companies give the best return on investment puts citizens retirement savings in danger.
January 17, 2023
According to Morningstar Inc. Vanguard was the sole exchange-traded fund provider of the industry’s top five firms to see its European business grow last year due to, in large part, « its minimal exposure to ESG ».
January 11, 2023
Wharton’s School of Business has just launched a new Major called Environmental, Social and Governance Factors for Business, causing concern that the campus will become a mouthpiece for ESG’s one sided view of business and capitalism.
January 04, 2023
Over the next few years, multinational companies will face a growing burden of sustainability reporting following the new reporting rules that have been prepared by the European Financial Reporting Advisory Group that cover all aspects of environmental, social and governance issues.
December 28, 2022
Over the past year, Republican leaders in the U.S. have been increasingly fighting against environmental, social and governance (ESG) policies, in particular when it comes to investing state funds, arguing that the nation's top money managers are pursuing an ideological agenda at the expense of financial returns.