UN-ESG

Senator Rubio Expresses Concern about "Woke" Federal Investment Guidelines

October 20, 2021

Senator Marco Rubio (R-FL) has voiced concern about the Employee Benefits Security Administration’s proposed “Prudence and Loyalty in Selecting Plan Investments and Shareholder Rights,” which permits investment on criteria beyond profit and loss, including climate change and progress on workforce diversity and inclusion.
KPMG's Knopp: ‘CEO’ Will Soon Be Synonymous With ‘ESG’

October 20, 2021

Paul Knopp, CEO of KPMG, which operates a ESG consulting practice, opines that "it's clear that ESG progress will be the measuring stick for CEOs."
Rob Kyprianou: Stakeholder Capitalism Needs an ESG Czar

October 20, 2021

Because corporate concern about environmental, social, and governance ("ESG") issues is causing a rapid shift from shareholder to stakeholder capitalism, Rob Kyprianou suggests that the need for clarity and efficacy calls for the appointment of an ESG "Czar."
Shinder Explains Potential Pitfalls of ESG Investing

October 13, 2021

In The Hill, Richard Shinder identifies the several challenges with, and negative consequences from, the application of ESG principles to enterprise management and institutional asset allocation.
Republican Lawmakers Question ESG Agenda

October 06, 2021

As the Securities and Exchange Commission works on rules for mandatory environmental, social and governance ("ESG") disclosures, Republican lawmakers are criticizing corporations that embrace the ESG agenda.
Bank of America, Lowe's Sponsored CRT training Urging Whites to ‘Cede Power to People of Color'

August 23, 2021

Christopher Rufo, a senior fellow at the Manhattan Institute, revealing the critical race theory challenge that Bank of America, Lowe's, and Truist Financial Corporation sponsored through United Way entitled « Racial Equity 21-Day Challenge » which claims that America is systemically and institutionally racist, encourages participants to "decolonize [their] mind[s]", and urges white people to "cede power to people of color."
German Court Rules Facebook Improperly Blocked Accounts

August 03, 2021

Germany’s Federal Court ruled that Facebook’s deletion of comments made by two German users that the company felt violated community standards for hate speech and the blocking of their accounts was done improperly and ordered the comments reinstated.
UK Proposes New Climate-related Disclosure Rules for Standard Listed Companies

July 28, 2021

In 2020, the UK government began it’s mission towards mandatory climate-related disclosures, publishing a roadmap to align with the recommendations of the Taskforce on Climate-related Financial Disclosures (TCFD) and recently has taken it a step further with the UK Financial Conduct Authority (FCA) proposing to extend this regime to all issuers of standard listed equity shares.
JD Supra Blog: Is Tax Transparency the New ESG Disclosure Demand?

July 21, 2021

Cooley LLP in the JD Supra Blog analyses an article published in Bloomberg reporting that tax transparency has become a growing “under-the-radar” element of ESG disclosure and explores the debate between investors on the subject.
Twitter Takes Action on Record Number of Accounts for Hate Speech

July 19, 2021

During the second half of 2020, Twitter Inc., in an effort to take action on their expansion of Hate Speech rules, penalized 1,126,990 different accounts, a 77% increase in a six month period, for violating the company’s hate speech policies.