BlackRock Inc. faces the prospect of being barred from offering securities in Mississippi after state officials accused the investment firm of making “fraudulent” statements regarding its climate strategy. This marks at least the second time BlackRock has faced legal action …
(Bloomberg) — The state of Tennessee sued BlackRock Inc. for allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy. State Attorney General Jonathan Skrmetti said BlackRock funds that don’t take into account ESG factors are …
After a turbulent few weeks during which some of the world’s biggest asset managers removed coveted ESG tags from huge chunks of their business, industry bosses have had enough. Managers running the funds affected are now talking openly of the …
Heading into the hotly contested midterm elections, the American political right has a new rallying cry: Down with ESG. Conservatives have identified the popular investing strategy, which accounts for environmental, social and governance risks, as part of a broader narrative …
Some of the world’s largest insurers and pension schemes are warning companies they invest in not to finance, insure, build, develop or plan new thermal coal plants or face sanctions, including possible divestment. The Net-Zero Asset Owner Alliance, whose members …
Interest in sustainable investing is soaring, as more people become convinced that making a positive impact can be profitable as well as good for the planet and society. Unfortunately, the Labor Department doesn’t think these investments belong in your 401(k). …
LONDON— If fund managers are serious about clean investments, they need to get their hands dirty. That’s the view of Sasja Beslik, head of sustainable finance at Swiss bank J. Safra Sarasin, as demand surges for companies that perform well …
Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report that documents Allianz Group’s achievements in corporate responsibility, with …
