SPOTLIGHT
As summer recess comes to an end, five Republican lawmakers face scrutiny over their support for legislation that weakens investor protections, reduces transparency, blocks climate disclosure, and stifles shareholder rights. The Congressional Integrity Project released targeted digital ads in five districts that call out Reps. Steil (WI-1), Kim (CA-40), Lawler (NY-17), Nunn (IA-3) and De La Cruz (TX-15) for their attacks on responsible investing.
Please amplify the ads within your networks.
NEWS
- ESG Clarity: Investor coalition urges ISSB to prioritise reporting on human and worker rights
- ETF Stream: Amundi to ditch fossil fuels from Europe energy ETF in favour of hydrogen
- Financial Times: El Niño’s storm clouds gather over global food prices | Major Indian companies push for climate action in letter to G20
- Forbes: CSR, ESG, Net Zero: Decoding The Confusing Lingo Of Socially Ethical Organizations
- FTAdviser: Has the tide turned for ESG funds?
- Good Morning America: Low water levels causing traffic jam at the Panama Canal
- GreenBiz: The hidden cost of corporate climate inaction
- The Guardian: How ‘anti-woke’ tech bro Vivek Ramaswamy shook up the Republican race
- Honolulu Civil Beat: Will The Maui Wildfires Cause Insurance Companies To Rethink Coverage In Hawaii?
- Inside Climate News: Wyoming Could Gain the Most from Federal Climate Funding, But Obstacles Are Many
- InvestmentNews: ESG rules shouldn’t make it harder for advisors to do business
- Investment Week: Only eight asset managers labelled ESG ‘leaders’ by Morningstar
- Morningstar: ESG King Ørsted Crashes on Multi-Billion Write-Downs
- National Association of Plan Advisors: Plaintiff Pushes Back on ESG Claims in American Airlines 401(k) Suit
- The New York Times: Idalia Could Become Another Multibillion-Dollar Superstorm
- PBS Newshour: Conservatives fight back against environmental and socially conscious investments | This study calculated the carbon emissions of getting rich
- Pensions & Investments: Vanguard support for ESG shareholder proposals down from last proxy year | U.K. finance industry warns government against wavering on green investments
- Responsible Investor: ESG round-up: UK investors question government’s commitment to net zero
- Reuters: Vanguard joins BlackRock, cuts support for shareholder items on climate, social issues
- The Wall Street Journal: ESG Roundup: Market Talk | Rising gasoline prices hit inflation-weary Americans
OPINION
- The Boston Globe: Businesses charting more active course in combating climate change
- Bloomberg Tax: Tax Functions Should Transform to Tackle Pillar Two and ESG
OPPOSITION
SOCIAL
- Crossroads with Joshua Phillips shared a video: BlackRock and Vanguard, once leading advocates for ESG (Environmental and Social Governance), are pulling back. Why? Shareholder demands and consumer disinterest are making it clear: the once-mighty ESG agenda is on its last legs. WATCH 👉 https://ept.ms/RebirthofESG
- Will Hild shared a link: 🚨@RepAndyBarr & @RileyMooreWV blast the ESG cartel, accusing them of undermining Americans’ trust in the free market: “ESG’s unchecked growth threatens the integrity of our financial services industry and the trust Americans place in the free market…”
DATES
- September 17-24: Climate Group Climate Week NYC. View list of events here.
- September 19: Sustainable Investment Forum North America. Register here.
- September 20: UN Climate Ambition Summit.
- September 25-26: Insure Our Future Campaigning Academy ’23. Complete this form by September 11th to express interest.