Plaintiffs successfully sued American Airlines over an asset manager’s ESG considerations in the proxy-voting process, and that could get the plaintiffs’ bar quite interested in filing similar claims against 401(k) sponsors. JAN 13, 2025 Plaintiffs in the first lawsuit over ESG in a 401(k) just saw a victory that […] Click here to view original […]

Smoke and fire billow from the Palisades Fire threatening homes in the Brentwood area of Los Angeles, California, U.S., January 11, 2025. REUTERS/Shannon Stapleton. Reuters LONDON – A turbulent year for sustainable finance is set to continue in 2025 as the return of Donald Trump as U.S. president heralds […] Click here to view original

Top Takeaways: – BlackRock announced its exit from the Net Zero Asset Managers (NZAM) coalition. – Other major firms, including Goldman Sachs and Wells Fargo, have also left the group. – BlackRock’s departure follows concerns about its environmental, social, and governance (ESG) investment practices. – The company has recently […] Click here to view original

iShares ESG Advanced MSCI EAFE ETF JPMorgan Chase & Co. boosted its holdings in iShares ESG Advanced MSCI EAFE ETF ( NASDAQ:DMXF – Free Report ) by 15.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned […] Click here to view original

Adam Sharp Over the past 10 years, “socially-conscious” investors have shunned sectors such as tobacco, firearms, oil and gas, and alcohol. For example, these huge investment firms refuse to own any tobacco stocks or bonds: Allianz SE: $2.3T AUM (Assets Under Management) CalPERS (California Public Employees’ Retirement System): $469B […] Click here to view original

What is ESG Investing? It’s pretty simple, really. ESG stands for environmental, social, and governance. And it’s simply an investment strategy that takes into account those three factors when screening potential investment opportunities. Weirdly, ESG has become a point of contention in political circles. Which I find rather irritating. […] Click here to view original