UN-ESG

EU’s ESG Reporting Standards Move Full Speed Ahead

January 04, 2023

Over the next few years, multinational companies will face a growing burden of sustainability reporting following the new reporting rules that have been prepared by the European Financial Reporting Advisory Group that cover all aspects of environmental, social and governance issues.
Why are Republicans in the U.S. Fighting Against ESG

December 28, 2022

Over the past year, Republican leaders in the U.S. have been increasingly fighting against environmental, social and governance (ESG) policies, in particular when it comes to investing state funds, arguing that the nation's top money managers are pursuing an ideological agenda at the expense of financial returns.
Florida’s New Senate President Joins DeSantis, GOP Leaders in ESG Opposition

December 20, 2022

Following Florida’s decision to withdraw $2 billion in investments from BlackRock, the fight against « Woke » financial practices continues as Florida’s new Senate President Kathleen Passidomo joins Gov. DeSantis and other Republican state leaders in opposing environmental, social and corporate governance standards (ESG).
Texas Lawmakers Question BlackRock, State Street over ESG Investing

December 20, 2022

Republican lawmakers on the Texas State Committee on State Affairs questioned investment firms BlackRock and State Street on their investment practices based on Environmental, Social and Governance (ESG) policies to ensure that the state’s public pension funds are not being used to further a specific political or social cause.
3 States Continue the Political Fight Against ESG

December 14, 2022

While several state treasury funds have dropped BlackRock and Environmental, Social, and Governance (ESG) investments, Republican leaders have had to continue working to break pension funds free, as politicians in Kentucky, Florida and North Carolina take the lead in the battle.
ESG Investing Takes a blow as Vanguard Withdraws from GFANZ

December 14, 2022

Vanguard has announced that it will leave the woke « net-zero » alliance known as GFANZ whose goal is to force environmental, social, and governance (ESG) policies on the the U.S. economy.
UN Backed Initiative Pressures Companies on Social and Human Rights

December 07, 2022

In an initiative organized by the U.N.-backed Principles for Responsible Investment (PRI), more than 220 investors managing $30 trillion have signed a plan referred to as ‘Advance’ to pressure companies over social issues and human rights.
Florida pulls $2 Billion from BlackRock in Largest Anti-ESG Divestment

December 07, 2022

Florida will pull $2 billion worth of its assets managed by BlackRock Inc due to the state’s opposition to the companies environmental, social and corporate governance (ESG) policies.
Europe’s New Common Reporting Framework Puts Heavy Load on Businesses

December 07, 2022

The European Council has approved the Corporate Sustainability Reporting Directive (CSRD) which will begin January 1, 2024 increasing the amount of information companies are required to report as well as the number of companies themselves which now fall under this regulation, going from 12,000 to an estimated 49,000.
Goldman Sachs Charged by SEC

November 23, 2022

The Securities and Exchange Commission (SEC) has Charged Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving Environmental, Social, Governance (ESG) Investments.