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Will the U.S. work with the New International Sustainability Standards Board on Sustainability Reporting Rules?
February 16, 2022
Writing for CFO.com, Robert C. Pozen, trustee of the IFRS which oversees the Foundation International Accounting Standards Board (IASB) explores the question of whether or not the U.S. with adopt their international financial reporting standards created by a new International Sustainability Board whose goals are to create uniform financial reporting standards on climate change and sustainability.
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FSOC reports on Climate-Related Financial Risk
February 16, 2022
The Financial Stability Oversight Council (FSOC), which is how all of the U.S. agencies coordinate on climate issues has just issued a new report on climate-related financial risk which concludes that climate-related financial risk is “an emerging threat to the financial stability of the United States.”
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Commentary: BlackRock CEO Larry Fink’s Woke Capitalism Crusade Runs into Resistance
February 08, 2022
Andy Puzder and Stephen R. Soukup describe BlackRock CEO Larry Fink’s Woke capitalism crusade and retreat as his push for Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” were met with intense resistance from many including shareholder activists, U.S. senators, state treasurers, legislators, governors, as well as the former director of “sustainable investing” for BlackRock itself.
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Companies Face Increased Pressure To Disclose Political Policies and Contributions
February 08, 2022
The environmental, social and governance (ESG) movement is increasingly impacting the business world to the point that corporations and their political action committees (PACs) are being pressured to justify their contributions based on a candidate’s voting record on ESG issues, like the North Carolina gender bathroom bill in 2016.
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Darwall: Woke Capital Won’t Save the Planet
February 02, 2022
Rupert Darwall writing for RealClearenergy.org, explores how woke capitalism may have reached in pinnacle, referring to a letter by BlackRock CEO’s Larry Fink who states in a recent letter that stakeholder capitalism is not “woke,” because capitalism is driven by mutually beneficial relationships between businesses and their stakeholders, a shift from 2019 when he wrote his « profit and purpose letter ».
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