The WisdomTree settlement marks the first time the SEC penalized a U.S.-based fund simply for falsely marketing itself as fossil-free. Credit: (CC BY-NC-ND 2.0) The Securities and Exchange Commission (SEC) this week fired a shot over the bow at Wall Street companies that promise to help investors avoid putting […] Click here to view original […]

Canada is stepping up its sustainability efforts through the Canadian Sustainability Standards Board (CSSB), which is set to introduce new disclosure standards for reporting climate-related risks. These standards, modeled after the International Sustainability Standards Board (ISSB), aim to ensure that Canadian organizations remain competitive globally while operating in the […] Click here to view original

While one-fifth of asset managers have dropped the ESG label, more than half still believe the data has value in mitigating risks and boosting returns. OCT 24, 2024 New research from Cerulli Associates reveals that despite increasing political pressures, many institutional investors and asset managers in the US remain […] Click here to view original

Key Points Sustainability-linked bonds (SLBs) are a relatively new, but rapidly growing, entrant into the ESG (environmental, social and governance)-labeled debt universe. The distinguishing feature of an SLB is that the issuer is incentivized to achieve one or more clearly quantifiable sustainability objectives; SLBs issuers are financially penalized if […] Click here to view original

Authors: Brian D. McCabe , James D. McGinnis , George B. Raine , Amy D. Roy , Robert A. Skinner A recent Viewpoints article discussed the disbanding of the Climate and ESG Task Force (the “ESG Task Force”) in the Securities and Exchange Commission’s (the “SEC’s") Division of Enforcement, […] Click here to view original

Jacob Hupart Commercial Attorney Litigation Mintz Levin Cohn Ferris Glovsky and Popeo PC Labeling of ESG Funds On October 21, 2024, the SEC imposed a fine of $4 million on investment adviser WisdomTree Asset Management Inc. for improperly labeling certain funds as compliant with ESG principles. According to the […] Click here to view original