UN-ESG

Bloomberg Philanthropies and GFANZ Plan to Turbocharge Clean Energy Finance in Global South

November 09, 2022

Michael Bloomberg, who has invested over $1.5 billion on climate and environmental issues, announced at COP27 an expanded approach to advance his mission of halting dependency on fossil fuels while moving forward for a clean energy transition, focusing on the global south.
Senate Republicans warn U.S. law firms over ESG Advice

November 07, 2022

U.S. Republican Senators issued a warning to corporate law firms that they plan to use their congressional oversight powers « to scrutinize the institutionalized antitrust violations being committed in the name of Environmental, Social and Governance (ESG)» including the restricting of resources causing energy cost inflation and aiding adversaries abroad.
ESG Watch: Insurers Refusing to Finance Oil and Gas Ahead of COP27

November 02, 2022

Ahead of the next COP27 meeting, the number of insurers that refuse to cover coal projects, particularly in the reinsurance sector, is growing steadily.
Haskins: ESG Scoring Resembles China's Social Credit System

November 02, 2022

Justin Haskins, director of the Socialism Research Center at the Heartland Institute explains how Environmental, social and governance, or ESG, social responsibility grading for entities ranging from corporations to governments is similar to the Chinese Communist Party’s system created in 2014 designed to influence behavior and transform society.
Kocur: Blackrock and the Consequences of Corporate Social Activism

October 26, 2022

As investors become increasingly concerned with the decline of the stock market, they are looking for a maximum financial return going against the recent trends of BlackRock, Inc. which continues to engage in corporate social activism, pressuring funds to invest in Environmental, Social, and Governance (ESG).
NRO: SEC May Drop Scope 3 GHG Emissions from Climate Disclosures

October 26, 2022

Following backlash, the Security and Exchange Commission (SEC) is considering dropping “Scope 3” GHG emissions from the mandatory climate disclosures that would significantly change the plan advanced by the Biden Administration's SEC.
McKinsey Launches “Sustainability Academy”

October 26, 2022

McKinsey & Company has announced their new program called the “Sustainability Academy” which aims to aid clients train their boards, executives and employees for the net zero transition and to address sustainability-related risks and opportunities.
Gallagher: Financial Alliance for Climate Change at Risk as Banks look to Leave

October 19, 2022

Multiple U.S. banks including JP Morgan Chase, Bank of America and Morgan Stanley are reported to consider leaving the Glasgow Financial Alliance for Net Zero for fear breaching U.S. antitrust laws by taking guidance on investment decisions from a UN campaign.
The National: ESG Experiencing Increased Trust Issues

October 12, 2022

Sergio Scandizzo and Chitro Majumdar writing in The National, highlight that the lack of definition, standards and approach has left a lack of trust from financial markets in Environmental, Social and Governance (ESG) investments.
Paraskova in Oil Price: Republicans Withdraw $1 Billion From BlackRock Due To ESG Policies

October 12, 2022

Following Louisiana’s move to divest all treasury funds from BlackRock due to their Environmental, Social and Governance (ESG) investment policies, multiple Republican led U.S. states are following suit and withdrawing state funds from BlackRock’s management, totaling more than $1 billion.