UN-ESG

McKinsey Launches “Sustainability Academy”

October 26, 2022

McKinsey & Company has announced their new program called the “Sustainability Academy” which aims to aid clients train their boards, executives and employees for the net zero transition and to address sustainability-related risks and opportunities.
Gallagher: Financial Alliance for Climate Change at Risk as Banks look to Leave

October 19, 2022

Multiple U.S. banks including JP Morgan Chase, Bank of America and Morgan Stanley are reported to consider leaving the Glasgow Financial Alliance for Net Zero for fear breaching U.S. antitrust laws by taking guidance on investment decisions from a UN campaign.
The National: ESG Experiencing Increased Trust Issues

October 12, 2022

Sergio Scandizzo and Chitro Majumdar writing in The National, highlight that the lack of definition, standards and approach has left a lack of trust from financial markets in Environmental, Social and Governance (ESG) investments.
Paraskova in Oil Price: Republicans Withdraw $1 Billion From BlackRock Due To ESG Policies

October 12, 2022

Following Louisiana’s move to divest all treasury funds from BlackRock due to their Environmental, Social and Governance (ESG) investment policies, multiple Republican led U.S. states are following suit and withdrawing state funds from BlackRock’s management, totaling more than $1 billion.
Louisiana withdraws $794 million from BlackRock Funds Over ESG Investing

October 10, 2022

Louisiana Treasurer John Schroder announced in a letter to BlackRock Chief Executive Officer Larry Fink that Louisiana is pulling $794 million from BlackRock Inc. funds, citing the Investment giant’s views on ESG investing are damaging to the state's energy industry.
Shinder: Michael Bloomberg’s Case for Climate Corporatism

October 05, 2022

Writing for city-journal.org, Richard J. Shinder explores Michael Bloomberg’s recent Bloomberg Opinion article defending climate corporatism and attacks on critics of Environmental, Social, and Governance (ESG) Policies, calling them « anti-capitalist ».
KPMG study: Executives Backing Away from ESG as Recession Risks Mount

October 05, 2022

A study conducted by KPMG has revealed that nearly half of Chief executive officers surveyed are pausing or reconsidering environmental, social and governance (ESG) goals as they turn their focus to preparing their businesses for a fallout from a possible recession.
Vivek Ramaswamy tells Apple, Disney to keep Politics out of Business

September 28, 2022

Founder of investment firm Strive Asset Management, Vivek Ramaswamy, an outspoken critic of so-called “woke capitalism”, is publicly demanding that Apple and Disney prioritize profits and keep politics out of their businesses.
Diaz in NRO: A Catholic’s Answer to ESG?

September 21, 2022

Ixtu Diaz writing in the National Review Online explores the Catholic response to the recent explosion of the Environmental, Social, Governance (ESG) movement in the finance world.
Warren Buffett Challenges the ‘Social Responsibility’ Trend

September 21, 2022

Warren Buffet, Renowned investor and philanthropist, has broken with the narrative that has been pushed by Klaus Schwab and the World Economic Forum by expressing his reservations regarding Environmental, Social, Governance (ESG) standards and has even opposing proposals for annual reports on climate change and diversity initiatives.