Oklahoma Retiree Files Injunction to Stop Anti-ESG Bill
The complaint claims the 2022 law not only violates the US and Oklahoma constitutions, but that that the financial costs to the state are ‘monumental.’
ESG
Canada’s CDPQ Invests C$200M in Swedish EV Battery Developer
The investment will go toward the construction of a lithium-ion gigafactory in Quebec.
UAE Plans $30B Climate Fund With Partners BlackRock, Brookfield, TPG
The Alterra fund aims to invest $250 billion by the end of the decade, focusing on ‘global climate solutions’ in emerging markets and less-developed economies.
Rockefeller Foundation Pledges to Go Net Zero by 2050
The $6 billion endowment will be the largest to pursue a net-zero target.
UN’s Net-Zero Asset Owner Alliance Proposes Climate Engagement Guidelines
A new report from the United Nations initiative aims to guide asset owners in setting and communicating about ESG goals with their asset managers.
CalPERS Pledges to Boost Low-Carbon Assets to $100B
The $462 billion pension giant will more than double those assets as it aims to halve the carbon-emissions intensity of its investments by 2030.
Knowledge of ESG, Integration and Greenwashing Remains Low
Institutional investors lack a common understandings about defining and integrating sustainable investing, speakers at CIO's Navigating ESG Livestream event say.
ESG-Related Disclosure Will Inform Investors’ Future Focus
Panelists at CIO's Navigating ESG Livestream discussed how corporate sustainability regulations coming to Europe next year will affect companies and investors globally.
BlackRock to Develop World’s Largest Direct Air Capture Plant With Occidental
The asset manager is investing $550 million in a joint venture with the oil and gas giant’s 1PointFive subsidiary.
New Definitions Proposed for Responsible Investing
CFA Institute-led group seeks to provide verbiage for investors that promotes unifying around common, accurate and consistent definitions for responsible investment practices.
Greenwashing Among Banks, Financial Services Firms Jumps 70%
A RepRisk report finds nearly 1,900 companies linked to a risk incident involving misleading communications.
Most Asset Owners Seek to Implement ESG Strategy, Says Morningstar
The 2023 Voice of the Asset Owner survey probes views on developing ESG investment strategies.
Tom Steyer Closes $1B Climate Fund
The Innovation + Expansion Fund from Galvanize Climate Solutions will invest in climate startups.
Mercer Launches Catalytic Investment Exchange to Support Energy Transition Projects
The project will bring together deal sponsors and direct investors to navigate investments.
Shareholder Proposals Increase, Yet Few Gain a Majority
Environmental and social resolutions boosted the number of filings this spring, ISS says, while anti-E&S resolutions also shot up.