House passes resolution to repeal DOL ESG rule March 2, 2023 House lawmakers have approved a resolution to overturn the Department of Labor’s (DOL’s) new ESG rule for retirement plans, after 25 Republican states filed a suit to invalidate the rule. On February 28, the US House of Representatives rejected the DOL’s Prudence and Loyalty […]
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The Financial Conduct Authority (FCA) has been urged to research the potential cost implications for investors of its proposed sustainability regulation reforms.
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Republicans challenge DOL’s ESG rule February 8, 2023 In the latest anti-ESG action taken in the US, Republicans in the Senate and House have filed joint bills to nullify the Department of Labor’s (DOL’s) new ESG rule for retirement plans. On January 26, attorney generals from 25 Republican states filed a suit to invalidate the […]
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FCA sets “higher bar” for greenwashing January 31, 2023 The UK regulator’s proposals to suppress greenwashing set a “higher bar” than the EU’s rules, according to the UK Sustainable Investment and Finance Association (UKSIF). Representing firms overseeing £19trn of assets, the group stated they were “strongly supportive” of the Financial Conduct Authority’s (FCA’s) proposed sustainability […]
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Over 600 of the world’s largest companies are calling on G20 leaders to strengthen their national climate targets and deliver climate financing at the G20 and COP26 summits.
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The European Financial Reporting Advisory Group (EFRAG) has outlined its proposals for EU-wide sustainability reporting standards.
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There is no doubt that the proliferation of ESG investing has coincided with the raised profile of social and environmental sustainability, exacerbated or highlighted by the COVID-19 pandemic.
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Trump’s anti-ESG influence is quickly starting to unwind ESG debate moves swiftly forward in the SEC under Biden’s administration A wave of ESG-related changes in the US administration under Joe Biden’s leadership is unfolding this month, marking the beginning of an unwinding of policies set out by his predecessor Donald Trump. While the Trump presidency […]
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Investors urge DoL to pull ESG proposals Institutional investors from around the world have urged the US Department of Labor to pull back on its proposed Financial Factors in Selecting Plan Investments Regulation and give them more time to feedback. Retirement schemes and pension plans from the US, UK, Italy and Spain have submitted evidence […]
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US investor group urges DOL to rethink ESG law The US Impact Investing Alliance has urged the Department of Labor to reconsider the introduction of a controversial law governing ESG in investment portfolios, asking them to suspend the rulemaking process until normality returns. The group has written an open letter to the DOL, objecting to a proposed rule that would see severe restrictions imposed for US […]
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