Financial firms and Costco face continued pressure over DEI policies
January 31, 2025
Companies remain under scrutiny for their diversity, equity and inclusion (DEI) policies, with two separate coalitions—both led by Texas Attorney General Ken Paxton—targeting a group of financial …
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US regulators have made significant progress on climate-related risks, scorecard finds
December 18th, 2024
Ceres’ latest scorecard revealed that while the 10 US financial regulators have taken hundreds of actions over the last 18 months to address the systematic financial …
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California lawmakers threaten regulator
December 18th, 2024
California lawmakers have threatened the California Air Resources Board (CARB) in a letter concerning legislative oversight hearings.
California State Senators Scott Wiener and Henry Stern have warned the regulator with legislative oversight hearings …
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Investor-led coalition urges US states to meet federal methane standards
November 19th, 2024
A coalition of 35 institutional investors representing more than $2 trillion in assets has called on US states to act in line with federal methane standards to …
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US Senator introduces bill to bar fiduciaries from prioritising ESG over financial returns
October 4, 2024
US Senator Bill Cassidy has introduced a bill aimed at preventing fiduciaries from prioritising ESG factors over financial returns, directly challenging a Department of …
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CalPERS reinforces commitment to shareholder engagement
July 19th, 2024
The California Public Employees’ Retirement System (CalPERS) has reasserted the importance of shareholder rights following ExxonMobil’s AGM.
Speaking at the Investment Diversity Exchange conference, CalPERS’ CEO Marcie Frost said its rift …
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Tesla shareholders approve Musk’s huge pay day
June 14, 2024
Tesla shareholders have approved CEO Elon Musk’s $56 billion pay package – the largest in US corporate history – after it was rescinded by a Delaware court in January.
The …
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Anti-ESG sentiment in US could spread to Europe
February 16th, 2024
Opposition to ESG investment in the US could reach Europe, Norges Bank Investment Management (NBIM) CEO Nicolai Tangen has warned.
Anti-ESG sentiment has been on the rise in the …
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SIFMA challenges new Missouri Securities Division rules
August 23rd, 2023
The Securities Industry and Financial Markets Association (SIFMA) has filed a complaint over two Missouri Securities Division rules on providing financial advice based on ESG factors.
SIFMA filed its …
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