“We live in a deranged age,” says tech investor Marc Andreessen in his new Techno-Optimist Manifesto. And no, he’s not talking about his $350 million investment in disgraced former WeWork CEO Adam Neumann’s crypto-real estate venture or how a tougher fundraising environment has forced him to go cap in hand to Saudi Arabia. Instead, he’s decided that:
“Our present society has been subjected to a mass demoralization campaign for six decades – against technology and against life – under varying names like “existential risk”, “sustainability”, “ESG”, “Sustainable Development Goals”, “social responsibility”, “stakeholder capitalism”, “Precautionary Principle”, “trust and safety”, “tech ethics”, “risk management”, “de-growth”, “the limits of growth”.”
While this may sound like the ramblings of someone who spends too much time on the site formerly known as Twitter, big venture capitalists like Andreessen have influence. Now is a good time to see what less deranged VCs are up to.
- Batteries News: ESG remains the top focus for miners, but capital risks increase as mineral demand pressure builds amid energy transition
- Bloomberg: SEC Drops ESG From List of Compliance Priorities in 2024 | SEC Drops ESG Investing From Annual Report of Exam Priorities
- The Bond Buyer: Conservative Jeff Landry elected as Louisiana’s next governor
- Business Daily: ESG certifications rise on brands’ sustainability race
- Cheyenne Post: Secretary of State’s Office Completes Public Comment Period on Proposed Securities Rules Requiring ESG Disclosure
- Chicago Booth Review: Big Finance Is Going Green. Smaller Finance, Not So Much
- Eco-Business: Ethical investing: Where are we now on ESG?
- ESG Clarity: Top trumps: Six biodiversity funds focused on current trends | Climate risk in Asia becomes real: Can insurers keep up?
- Financial Express: Narayana Health sees its ESG goals riding on access and digital depth
- Financial Times: Companies face intensifying scrutiny over greenwashing
- Forbes: Most Americans Still Unclear About What ESG Means, Survey Finds
- Fortune: Billionaire Tom Steyer says the crusade against climate change depends on one thing: Business fixing the problem. ‘We have to win in capitalism’
- Insurance Journal: Banks Told to Review Clients in Historic ESG Crackdown in EU
- IR Magazine: Shell ranks second for ESG efforts despite backtracking on oil-reduction promises
- Law 360: American Airlines Says Suit Over ESG In 401(k) Falls Short
- Lexology: China ESG Regulations and their Impact on M&A Transactions
- London Loves Business: Bayer, Shell and Unilever named top brands for ESG
- Plansponsor: American Airlines Motion Argues ESG Funds Theory is “Wrong”
- CNBC: UBS head of sustainable finance: Expect more greenwashing regulation, ESG transparency questions
- Forbes: Tech For Disaster Risk Reduction, A Chance To Rethink ‘Tech For Good’?
- Investment Executive: 5 actions for fund managers to overcome ESG pain points
- Reuters: Has the term ESG become ‘weaponized?’
- Yahoo Finance: How To Earn $1,000 Per Month From ESG Investing
- The Blaze: Dove launches obese and hairy armpit campaign in NYC subways to promote showing off unshaven women’s underarms
- The Epoch Times: Bear Traps Report Founder Warns of Economic Pain from Israel–Hamas War | Oklahoma Officials Question Why BlackRock Is Handling State Retirement Funds When Its on Restricted List
- Fox News: You know we got problems when the Ayatollah, our politicians and academia all sound alike
- Judith Arnal shared a report: Interesting report by @EBA_News on how the banking prudential framework captures ESG risks. Proposals for action in the short and medium-long run are flagged, with the latter referring to revisions of the Pillar 1 framework.
- Vivek Ramaswamy shared a video: BlackRock, State Street, & Vanguard represent arguably the most powerful cartel in human history: they’re the largest shareholders of nearly every major public company (even of each other) & they use *your* own money to foist ESG agendas onto corporate boards – voting for “racial equity audits” & “Scope 3 emissions caps” that don’t advance your best financial interests. This raises serious fiduciary, antitrust, and conflict-of-interest concerns. As President I will cut off the real hand that guides the ESG movement – not the invisible hand of the free market, but the invisible fist of government itself.
- October 17: Orbitas The High Cost of Ignoring Scope 3 Deforestation Emissions Webinar. Register here.
- October 26: Ceres Charting Progress Webinar: Regulator Actions on Climate Financial Risks. Register here.
- October 31: Ceres A Guide for Businesses: California’s New Climate Disclosure Legislation Webinar. Register here.