The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
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The US congressional Financial Services Committee has begun investigating the rules that govern proxy voting, the processes through which activists apply pressure to public companies to adopt ESG goals.
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Democrat senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.
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The UK government’s proposed legislation aimed at preventing local councils from imposing boycotts on Israeli goods is an attack on freedom of expression, according to civil society groups.
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The European Commission has introduced a series of proposed changes aimed at easing the burden on companies falling under the newly-widened remit of the European Sustainability Reporting Standards (ESRS).
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The Department of Labor’s new ESG rule does not tip the balance in favour of ESG investing, according to officials within the department.
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EU votes to ban unsupported carbon neutral claims May 17, 2023 The European Parliament has voted to support a proposed ban on environmental claims that are based solely on carbon offsetting schemes. The ‘Directive on Green Claims’ would prohibit companies from using generic labels such as “environmentally friendly” or “carbon neutral” without detailed evidence. The […]
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Florida passes anti-ESG bill April 5, 2023 Florida has become the latest Republican state to prohibit the inclusion of ESG considerations in investment decisions, following similar legislation that passed in Kansas. Governor Ron DeSantis signed an anti-ESG bill to require the Florida State Board of Administration to make investment decisions based “solely on pecuniary factors.” […]
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Cigarette maker British American Tobacco (BAT) has paid penalties totalling more than $629 million (£503.5 million) to US authorities to settle charges related to breaches of sanctions against North Korea.
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The UK’s charities regulator has scrapped words such as “ethical” and “responsible” from its investment guidelines in a major overhaul designed to modernise its advice for non-profits.
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