UN-ESG

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.
CATO: The Rise of ESG and the Future of Financial Regulation

November 23, 2022

The Cato Institute’s Center for Monetary and Financial Alternatives recently held their summit focusing on the rise of Environmental, Social, and Governance (ESG) policies and how that will affect financial regulation in the future.
Companies and Investors Prepare for ESG enforcement

November 23, 2022

A recent article published in Reuters explores how companies and asset managers are preparing for Environmental, Social, and Governance (ESG) enforcement following the creation of the Climate and ESG Task Force within the Division of Enforcement and the Securities and Exchange Commission (SEC).
Boxerman at Sidley: U.S. SEC Deals With the Shadow of West Virginia v. EPA

November 16, 2022

The U.S. Securities and Exchange Commission (SEC) has missed its self-imposed October deadline for finalizing a new proposed climate rule due to complications following the Supreme Courts decision in West Virginia v. EPA which questions the amount of authority used by the agency without congressional approval.
Bain Partners with Top Universities to Train all Global Consultants on ESG

November 14, 2022

Global management consultancy Bain & Company has launched an upskilling initiative to provide post graduate-level ESG training at the firm’s 65 global offices from top universities and business schools.
Bloomberg Philanthropies and GFANZ Plan to Turbocharge Clean Energy Finance in Global South

November 09, 2022

Michael Bloomberg, who has invested over $1.5 billion on climate and environmental issues, announced at COP27 an expanded approach to advance his mission of halting dependency on fossil fuels while moving forward for a clean energy transition, focusing on the global south.
Senate Republicans warn U.S. law firms over ESG Advice

November 07, 2022

U.S. Republican Senators issued a warning to corporate law firms that they plan to use their congressional oversight powers « to scrutinize the institutionalized antitrust violations being committed in the name of Environmental, Social and Governance (ESG)» including the restricting of resources causing energy cost inflation and aiding adversaries abroad.
ESG Watch: Insurers Refusing to Finance Oil and Gas Ahead of COP27

November 02, 2022

Ahead of the next COP27 meeting, the number of insurers that refuse to cover coal projects, particularly in the reinsurance sector, is growing steadily.
Haskins: ESG Scoring Resembles China's Social Credit System

November 02, 2022

Justin Haskins, director of the Socialism Research Center at the Heartland Institute explains how Environmental, social and governance, or ESG, social responsibility grading for entities ranging from corporations to governments is similar to the Chinese Communist Party’s system created in 2014 designed to influence behavior and transform society.