Chief executive of the UK Sustainable Investment and Finance Association calls on UK to respond to the threat from the US Inflation Reduction Act and the proposed EU Net Zero Industry Act.
Data sourced for NGO report calls out GFANZ members for failing to reach the required renewables to fossil energy investment ratio needed to achieve net-zero goals.
This year promises to be memorable in the proxy voting space, as institutional investors push for action on climate shareholder resolutions.
NGO report claims members of the Glasgow Financial Alliance for Net Zero are continuing to put billions of dollars towards new oil and gas expansion projects.
Vanguard, Fidelity, BlackRock and State Street all backed fewer environmental shareholder resolutions in 2022 compared to 2021, a decline that may continue as the anti-ESG wave hits US investing.
The bluegrass state is the latest to use legal moves as part of the Republican anti-ESG backlash in the US.
Trump-era rules curtailing sustainable investments in US corporate pensions have been overturned, but there’s unlikely to be a rush into ESG products overnight.
The Republican state’s CFO accused the asset manager of running a ‘social-engineering project’.
Three leading sustainability figures suggest that the US anti-ESG movement is not based on long-term investment decisions, as the ‘energy sector has only overperformed recently due to the war in Ukraine’.
The banks have been ordered to disclose UN climate initiative membership details amid growing Republican attacks on ESG investing.