Some Republican state treasurers are now arguing that 'woke capitalism' — a derogatory reference to ESG, or environmental and social governance — is a threat, and they're taking action to push back against it.
October 11, 2022, 5:04 AMFridays for Future New York City activists participated in a climate die-in at Bowling Green Park, New York City on June 10, 2022 calling on major banks and asset managers to take concrete steps to divest from fossil fuels.In the final month before the midterm elections, much of the attention will focus on high-profile races to choose governors, senators, representatives and more.
Banks have responded to such factors both by offering funds that they claim only include environmentally friendly industries and by pledging to prioritize finance for industries that have made steps to address their contribution to climate change. that Texas wouldn't do business with 10 financial firms that, Hegar said, "boycott" the oil and gas industries.the Wharton School at the University of Pennsylvania and the Federal Reserve of St. Louis found the Texas law cost taxpayers in some parts of the state an additional $300 to $500 million in additional fees and interest from switching municipal bond accounts to smaller banks that were acceptable under the new legislation.
Fridays for Future New York City activists participated in a climate die-in at Bowling Green Park, New York City on June 10, 2022 calling on major banks and asset managers to take concrete steps to divest from fossil fuels."Your job as a state treasurer is to look out for the interest of the beneficiaries.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oklahoma Gov. Stitt: ESG is an anti-American political agendaEnvironmental, social and governance investment standards created by Wall Street firms are hurting American energy companies, Oklahoma Gov. Kevin Stitt says.
Read more »
Making Employee Resource Groups And ESG Work Better Delivers Business ValueNew platforms help companies integrate multiple employee and environmental programs. Metrics from these platforms help companies track and improve program effectiveness.
Read more »
BlackRock Walks a Political Tightrope on Climate IssuesUnder fire on both sides of the ESG debate, the asset manager is defending its climate bona fides while highlighting energy investments.
Read more »
Inside The SEC’s New Climate Rules - With The Woman Who Oversaw ThemInvestors have been clamoring for consistent, reliable and comparable climate-related, ESG – environment, social and governance – data to help them make informed investment decisions, according to multiple sources in the investment community.
Read more »
What are ESG and 'woke capitalism'? State treasurers weigh in on fight over where tax money goesSome Republican state treasurers are now arguing that 'woke capitalism' — a derogatory reference to ESG, or environmental and social governance — is a threat, and they're taking action to push back against it.
Read more »