Wednesday, December 25

Tag: ESG

ESG And GOP Don’t Mix
11Oct By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Energy Policy, Oil & Gas, Types of News: Brief

ESG And GOP Don’t Mix

State treasurers from GOP-led states say ESG investing harms fossil fuel industries. US Republican Treasurers Withdraw $1 Billion From BlackRock Funds October 11, 2022—State treasurers from Republican-led states of Arkansas, Louisiana, South Carolina, Texas, and Utah aren't buying into BlackRock CEO Larry Fink's idea of the power of capitalism to make the world a better place. In fact, they are pulling their state's funds from BlackRock funds altogether. The state GOP treasurers say they oppose BlackRock's position on prioritizing environmental, social, and governance (ESG) in investment decisions. "Corporate America is now at war with the states that make their living in the fossil fuel business," said John Schroder, Louisiana State Treasurer, during a podcast interview with ...
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Institutional Investors Increasingly Cite Climate Change As Portfolio Risk
15Nov By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Types of News: Brief

Institutional Investors Increasingly Cite Climate Change As Portfolio Risk

Insurance Investors Also Say Low Interest-Rate Regime Drives Them Into Riskier Assets November 15, 2021--More than one in three insurers now consider environmental changes as "a serious threat" to their investment strategies, according to an annual survey by BlackRock. BlackRock released the findings of its annual survey today. The asset management firm surveyed 362 insurance company executives located in 26 markets and representing $27 trillion in assets. Changes in institutional investment impact global markets, which affect the overall global economy as well as individual savings. Climate Change Exposure The firm reported that 95 percent of insurers surveyed said they are taking into account the risk of climate change while making investment decisions. “An overwhelmi...
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Citing ESG, BNY Mellon Cuts Ties With Controversial Coal Group
8Nov By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Types of News: Analysis

Citing ESG, BNY Mellon Cuts Ties With Controversial Coal Group

In the Wake Of A COP26-Led Pledge To Transition Away From Coal, Wall Street Takes Notice November 8, 2021--When the United Kingdom's COP26 Presidency declared a major agreement on coal financing last week, some of the biggest coal-producing and consuming countries were noticeably absent: India, China, Australia and the United States. It was significant on multiple counts. First countries are significantly falling short of the emissions reductions needed to keep the Earth from warming within the target 1.5 degree Celsius. A recent UN report noted that 15 major fossil fuel producing countries plan to continue production. Second, new coal projects in India and Australia are putting locals at risk of losing their land. Adani Group: New Coal Mines Vs Local People One group, in...
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Let’s Talk About Defining ESG –Literally
2Nov By Patti MohrNo Comments
Climate Action, ESG, Sustainable Finance, Types of News: Analysis

Let’s Talk About Defining ESG –Literally

Photo by Mohr Media As Investors Take Interest In Corporate Policies, Governments Look To Harmonize ESG Disclosure November 2, 2021—As employees, consumers and investors demand greater transparency about corporate practices,  there's increasing interest in defining standards for environmental, social and governance (ESG) disclosure. While the concept of ESG has been around for years, leaders in the both public and private sectors are taking a greater interest in refining the definition. Furthermore, as world leaders try to harness the power of the private sector to reach net-zero goals to stem the warming of the climate, ESG becomes even more useful. "Financial markets play a significant role in shifting capital to a sustainable future," Securities and Exchange Commission ...
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