‘Woke’ debate distracts from fiduciary duties to investors and society The backlash in the USA against ESG (Environmental, Social and Governance), such as legal moves in the State of Texas to restrict financial institutions from using ESG investing criteria, raise…
Corporate and sovereign credit quality is likely to be impacted by heightened ESG risks in 2023, with contributing factors including greater scrutiny of climate-related plans and growing regulatory and political pressures exacerbated by the macroeconomic and geopolitical issues stemming from…
EU banking supervisor The European Banking Authority (EBA) announced the publication of its new “Roadmap on Sustainable Finance,” detailing its 3-year priorities and plans in the areas of sustainable finance and in supporting and monitoring the integration of ESG risk…
High-profile electric vehicle maker Tesla was removed from the S&P 500 ESG Index in the benchmark’s annual rebalancing, as the company’s ESG score was held back by its lack of a low-carbon strategy, and its exposure to risk stemming from…
ESG funds are popular, but research has found the sector is rife with greenwashing. Lawyers warn a reckoning is coming. When Lucy Carraz moved her investment account to online wealth platform Nutmeg in November, she wanted her money invested in…