Regulation
European Regulator to Revise Pillar 1 to Include ESG Risk
Investment firms are being told to accelerate their integration of environmental and social risk into capital requirements.
Tag: ESG
Regulation
Speaker Mike Johnson Unlikely to Deviate From Republican Regulatory Agenda
The Louisiana congressman has had almost no contact with the financial industry in terms of legislative activity.
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.
Regulation
SEC Tightens Fund Naming Rules
The new rule applies an 80% investment policy that extends far wider than just ESG funds.
Mercer Launches Catalytic Investment Exchange to Support Energy Transition Projects
The project will bring together deal sponsors and direct investors to navigate investments.
Regulation
House Republicans Propose 4 New Anti-ESG Bills
The Education and Workforce Committee adds to prior Republican pushback against ESG investing in retirement plans.
Regulation
Law Firm Letter Backs DOL Rule on ERISA Fiduciaries Using Climate Factors
Fiduciaries may use climate funds, as long as financial returns receive equal or greater weight to collateral benefits, the Wagner Law Group wrote in an open letter.
Research
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.
Research
ICPM Gives Top Research Award to Paper Exploring Active vs. Passive Investing
Research awards were also granted to papers covering climate risk and sustainable investing.
Regulation
House Republicans, Senate Democrats Agree on PBGC Administrative Funding
If the bills are reconciled, the PBGC would receive $513 million in funding, with adjustments made for additional terminated plans.
Asset Allocation
Where ESG-Minded Investors Should Put Their Money
Despite a harsh political climate for the concept, a CIO webinar of experts offers some smart insights.
Regulation
Republican ESG Working Group Calls Out Proxy Voting
An interim report published by Republicans on the House Financial Services Committee argues that ESG lowers returns and that the proxy voting industry is unacceptably opaque.
Regulation
Republican Spending Bill Would Cut SEC Budget, Block Market Structure Proposals
The legislation would also cut spending by the SEC and the IRS, targeting the agencies’ enforcement budgets.
Regulation
Barr Introduces Another Anti-ESG Bill in House
Mirroring language from Trump-era rules, the Ensuring Sound Guidance Act would require that only pecuniary factors be considered by fiduciaries in investment decisions.