Tag: ESG


Oklahoma adds Barclays to anti-ESG list

May 6, 2024

Via: Banking Dive

Barclays is being added to the list of financial institutions restricted from contracts with the state of Oklahoma, the state’s treasurer, Todd Russ, announced Friday. Russ’s office contended the bank has “publicly committed to boycott fossil-fuel companies,” according to an […]


FCA Finalises UK Sustainable Investment Rules, With More To Follow After Further Consultation

January 8, 2024

Via: JD Supra

On 28 November 2023, the UK’s Financial Conduct Authority (FCA) unveiled its Policy Statement PS 23/16 (Policy Statement), which sets out the final rules for sustainability disclosure and investment labels (SDR Rules). The market has been anticipating this development since […]


Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date

December 19, 2023

Via: Insurance Journal

The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation to date, as the bloc settles on a compromise to help it get the bill over the finish line. Under […]


Can banks connect the dots in their pursuit of sustainability?

October 16, 2023

Via: FinTech Futures

Almost all start-ups claim that ESG is one of their core values, but how many of them can accurately say what their regulatory requirements are in relation to ESG? Most of the pronouncements you see seem more like a communications […]

Capital and Risk, Insurance

Texas Anti-ESG Push Is Coming for Insurers and Pensions in New Bills

March 6, 2023

Via: Insurance Journal

A Texas lawmaker is seeking to broaden the fight against ESG (environmental social governance) policies by imposing further limits on the types of investments state pension managers can make and restricting shareholder proposals that would dictate insurance companies’ business with […]

Activity, Investment Banking

Biden’s ESG Investment Rules Threaten Your Retirement Savings

January 17, 2023


President Joe Biden’s Labor Department recently announced a new rule that will permit money managers to play politics with trillions of dollars of people’s retirement savings. The administration is pushing environmental, social and governance investing, which allows retirement fund managers […]

Capital and Risk, Macroeconomic

KY State Treasurer: ESG Investing ‘Puts Our Pensions at Risk’ and ‘Harms Our Economy in Kentucky’

November 15, 2022


“Elections matter” and Americans should strive to “elect people that are representing the interest of pensions,” said Kentucky State Treasurer Allison Ball on Monday in Washington, D.C. She also sharply criticized ESG investing and explained that many voters are unaware […]


SEC investigates Goldman Sachs’ ESG mutual funds

June 13, 2022

Via: Banking Dive

SEC rules defining ESG investing and its requirements are not final, so the regulator, for now, is looking to see how ESG fund investment in practice lines up with companies’ promises to shareholders. Goldman manages at least four funds that […]