Finance: Page 10
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Win McNamee via Getty Images
World Bank raises $6.5B for pair of sustainable development bonds
The two transactions pulled in over 300 orders and attracted capital from a diverse investor group, including bank treasuries, central banks and asset managers.
By Zoya Mirza • Aug. 22, 2024 -
Asanka Ratnayake via Getty Images
Franklin Templeton, Sun Life subsidiaries join Climate Action 100+ exodus
The financial institutions’ withdrawals came after Goldman Sachs’ asset management arm announced it was leaving the climate action investor group.
By Zoya Mirza • Aug. 19, 2024 -
Andrey Semenov via Getty Images
Greystar expands into infrastructure development
The nation’s largest multifamily housing owner is extending its reach into new sectors including clean power, transition fuels and data centers.
By Mary Salmonsen • Aug. 19, 2024 -
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Federal judge issues permanent injunction on Missouri anti-ESG rules
The court ruled that a pair of the state’s rules on socially responsible investing are preempted by national laws covering securities and pensions — and also unconstitutional.
By Lamar Johnson • Aug. 16, 2024 -
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Texas adds NatWest to its fossil fuel divestment list
The list that now includes 16 companies has only one U.S. firm, BlackRock, raising questions on whether Texas avoids punishing Wall Street giants for their fossil fuel stance.
By Rajashree Chakravarty • Aug. 16, 2024 -
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Standard Chartered unveils account linking clients’ rates to their ESG performance
The corporate banking product will be first piloted in the bank’s Hong Kong and Singapore markets before a further rollout “in due course.”
By Lamar Johnson • Aug. 14, 2024 -
FangXiaNuo via Getty Images
Anti-ESG proposals drove the increase in ESG proxy submissions: Morningstar
“For the first time, the growth in new resolutions was dominated by proposals from ‘anti-ESG’ filers,” per Morningstar Sustainalytics’ director of stewardship research and policy.
By Lamar Johnson • Aug. 13, 2024 -
Matthew Lloyd via Getty Images
Standard Chartered scores $235M green loan for Texas solar plant
The six-year loan will back the development of a 1.35 million square foot plant which will be operated by renewable energy company Trinasolar.
By Zoya Mirza • Aug. 13, 2024 -
CRobertson via Getty Images
Louisiana gives NZBA members underwriting approval despite anti-ESG law
Net-Zero Banking Alliance members were approved as underwriters for state bonds “under a yellow caution flag.”
By Lamar Johnson • Aug. 12, 2024 -
Chris Hondros via Getty Images
Goldman Sachs latest to depart Climate Action 100+
The firm’s exit follows other high-profile financial institutions that quit CA100+ earlier this year, including JPMorgan Asset Management and State Street Global Advisors.
By Zoya Mirza • Aug. 12, 2024 -
Sean Gallup via Getty Images
Blackstone acquires majority stake of renewables engineering firm
While the terms of the deal with Westwood Professional Services were not disclosed, a Blackstone exec said its transition business has committed $1.3 billion in investments since June.
By Lamar Johnson • Aug. 9, 2024 -
Brendan Smialowski / Stringer via Getty Images
SEC defends its authority for climate disclosure rule in court
The agency said its climate rule will help to better inform investors with “more detailed, consistent, and comparable information” in replying to legal challengers.
By Lamar Johnson • Aug. 8, 2024 -
Edwin Tan via Getty Images
Nat’l Association of Counties defends against attacks on its fiduciary duties
The organization representing about 3,000 U.S. counties passed a resolution opposing interference in its investment decisions as part of its 2024-25 platform.
By Lamar Johnson • Aug. 6, 2024 -
Bennett Raglin via Getty Images
Bill Gates-backed energy investment firm pulls in $839M for new climate fund
Breakthrough Energy Ventures’ third fund will have an investment focus similar to that of its predecessors and target five key areas in climate innovation, including energy and transportation.
By Zoya Mirza • Aug. 6, 2024 -
Justin Sullivan via Getty Images
Wells Fargo faces lawsuit for alleged sham DEI hiring effort
The bank is said to have interviewed diverse candidates for jobs that were already filled or for which they weren’t qualified to polish its DEI credentials.
By Robert Freedman • Aug. 6, 2024 -
Kevin Dietsch via Getty Images
House Republicans issue final ESG Working Group report
The Republican group housed within the House Financial Services Committee said the current proxy system is “an environment ripe for abuse.”
By Lamar Johnson • Aug. 5, 2024 -
Jemal Countess via Getty Images
Window to repeal SEC climate disclosure rule closes
While congressional Republicans failed to repeal the rule through the Congressional Review Act, the rule is still being targeted by policy riders in the appropriations process.
By Lamar Johnson • Aug. 2, 2024 -
Chip Somodevilla via Getty Images
House Judiciary probes Climate Action 100+ members as ESG investigation continues
The Republican heads of the Judiciary Committee and one subcommittee sent letters to over 130 U.S.-based companies, systems and funds associated associated with CA100+.
By Lamar Johnson • Aug. 1, 2024 -
Lukas Schulze/Getty Images via Getty Images
Dems back CFTC’s proposed guidance for voluntary carbon markets
Nine Democratic lawmakers expressed support for the Commodity Futures Trading Commission’s proposed guidance for companies looking to list and trade carbon credits.
By Zoya Mirza • Aug. 1, 2024 -
AzmanL via Getty Images
Approval rates for environmental, social proposals continue to crater despite record submissions
Average support for environmental and social shareholder proposals was at just 16.2% through the first half of the year, Diligent Marketplace Intelligence reported.
By Lamar Johnson • July 31, 2024 -
Courtesy of Unspun
Weaving tech company scores $32M to decarbonize fashion supply chains
Unspun plans to expand the use of its 3D machinery which boosts circular production by localizing manufacturing capabilities.
By Lara Ewen • July 31, 2024 -
Wanan Yossingkum via Getty Images
SBTi: ‘Clear risks’ to using carbon credits to offset emissions
Recent research from the climate target validation organization found that “various types of carbon credits are ineffective in delivering their intended mitigation outcome.”
By Lamar Johnson • July 30, 2024 -
Pascal Le Segretain via Getty Images
Olympics aim to boost UN’s sustainable development goals
The Olympics’ governing body and France held a pre-opening summit to discuss how to use sports to drive the United Nations’ 2030 sustainability targets.
By Lamar Johnson • July 29, 2024 -
Laurence Dutton via Getty Images
Data platform Paces nabs $11M to scale clean energy development
The new funding will help the company improve its platform, enhance its data intelligence and make certain data tools more available throughout the United States.
By Zoya Mirza • July 29, 2024 -
Kate Tornone/ESG Dive
Labor Dept. defends ESG rule in a post-Chevron landscape
An ongoing challenge to a rule allowing pension fund managers to consider ESG factors stands as a litmus test under a recent Supreme Court ruling.
By Lamar Johnson • Updated Feb. 18, 2025
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