ESG

Goldman, JPMorgan Weigh In As ESG Funds Suffer Historic Blow

by Sheryl Tian Tong Lee, Natasha White

Investors redeemed roughly $13 billion from U.S.-based ESG funds in 2023.

U.S. Investor Exodus Deals Historic Blow To Global ESG Fund Market

by Frances Schwartzkopff

Active funds in the sector saw the steepest outflows, according to Morningstar.

After $70 Billion Hit, Insurers Wake Up To New Patterns Of Risk

by Gautam Naik

A large chunk of last year's losses stemmed from “relentless” thunderstorm activity, according to Aon.

The Virtue Economy Is Over

by Allison Schrager

The DEI and ESG movements are well-intentioned, but executing on the vision has always been a problem.

BlackRock, State Street Singled Out In Investor Voting Study

by Natasha White

A study of asset managers found the two firms consistently blocked green resolutions.

SEC's Ambitious Climate Agenda Stalls As Elections Raise Stakes In New Year

by Austin Weinstein, Lydia Beyoud

The SEC has yet to finish a mandate for public companies to disclose their environmental footprints.

Global ESG Fund Inflows Outpace Overall Market, Report Says

by FA Staff

Researchers also said confusion persists about what exactly constitutes an ESG fund.

Bitcoin Mania Is Relentless With ETF Upstart Touting Carbon Credits

by Vildana Hajric

7RCC Global is proposing a fund that would invest in bitcoin and carbon-credit futures.

RSF Social Finance Seeks To Redefine Impact Investing

by Karen DeMasters

The firm offers loans to businesses that are initiating positive changes in the community.

Wall Street Makes Zero Progress In Energy Finance Transition

by Tim Quinson

Bank financing for both fossil fuels and low-carbon energy actually declined in 2022.

BlackRock, Other Investment Firms Next Target In House ESG Probe

by Erik Wasson

House Judiciary Chairman Jim Jordan is working on subpoenas for BlackRock and State Street.

World's No. 1 ESG Fund Class Ratchets Up Exposure To Oil And Gas

by Frances Schwartzkopff

Funds promoting ESG metrics had 2.3% of their holdings in fossil fuels at the end of the third quarter.

Young Investors' Support For ESG Causes Declines In 2023 'Gut Check'

by Jeff Green

Long thought to portend a strong future for the style, the once-strong appetite for ESG among millennials and Gen Z has plummeted.

House Judiciary Committee Subpoenas Vanguard and Arjuna Capital In Antitrust Probe

by Tracey Longo

The committee chair, Jim Jordan, called the firms' responses to his ESG collusion investigation “inadequate.”

ESG Managers Rethinking Hands-Off Approach To Fossil Fuels, Oakmark's Nygren Says

by Evan Simonoff

Nygren said some energy executives have told him that some ESG firms are re-engaging with oil and gas companies.

Ray Dalio Puts Profits Back In Focus After Painful Period For Green Finance

by Alastair Marsh, Natasha White

The billionaire investor told attendees of a global climate conference that profits still matter.

Global ESG Market Shrinks After Sizable Drop In U.S.

by Alastair Marsh

U.S. investments in ESG fell to $8.4 trillion last year from over $17 trillion two years ago.

Sustainability A Key Investment Factor In 2024, Goldman Strategists Say