The DEI and ESG movements are well-intentioned, but executing on the vision has always been a problem.
A study of asset managers found the two firms consistently blocked green resolutions.
The SEC has yet to finish a mandate for public companies to disclose their environmental footprints.
Researchers also said confusion persists about what exactly constitutes an ESG fund.
7RCC Global is proposing a fund that would invest in bitcoin and carbon-credit futures.
The firm offers loans to businesses that are initiating positive changes in the community.
Bank financing for both fossil fuels and low-carbon energy actually declined in 2022.
House Judiciary Chairman Jim Jordan is working on subpoenas for BlackRock and State Street.
Funds promoting ESG metrics had 2.3% of their holdings in fossil fuels at the end of the third quarter.
Long thought to portend a strong future for the style, the once-strong appetite for ESG among millennials and Gen Z has plummeted.
The committee chair, Jim Jordan, called the firms' responses to his ESG collusion investigation “inadequate.”
Nygren said some energy executives have told him that some ESG firms are re-engaging with oil and gas companies.
The billionaire investor told attendees of a global climate conference that profits still matter.
U.S. investments in ESG fell to $8.4 trillion last year from over $17 trillion two years ago.
Other sectors, such as AI, present some risks, they said.
ESG fund flows have showed signs of cooling against a backdrop of continued political attacks and disappointing returns.
States trying to punish companies for environmental policies could actually see costs rise.
A new guide sets standard definitions for key responsible investing terms.
The new certificate is designed to help financial professionals evaluate climate risks.
The tool combines climate risk projections with Bloomberg's company data.